Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....
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Awaiting price reaction for this filing.
Patspin India Ltd has disclosed defaults on its loan obligations to banks as of September 30, 2025, in compliance with SEBI's disclosure requirements. Of the total outstanding loan of INR 56.67 crore, an amount of INR 14.58 crore is in default (INR 10.00 crore principal + INR 4.58 crore interest). The defaults are spread across three lenders: Central Bank of India (INR 5.82 crore principal + INR 2.68 crore interest), State Bank of India (INR 3.67 crore principal + INR 1.68 crore interest), and Karur Vysya Bank (INR 0.51 crore principal + INR 0.22 crore interest). The total financial indebtedness stands at INR 56.67 crore.
This is a negative signal indicating the company is struggling to meet its debt obligations, with about 26% of its outstanding loans in default. Shareholders should expect possible recovery actions by lenders, risk of further loan NPA classification, and continued pressure on the stock price. Existing debt recovery and restructuring concerns are heightened.