Announced Wed, 7 Oct, 2026 · 11:51 IST
Patspin India defaults on around Rs 34 Cr loans from three banks
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-7.4%1-day move
₹6.37
prior close
₹6.47
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-0.3-1.1-1.1-7.4—————————
Up moveDown movePending
AI summary
Patspin India has disclosed defaults on loan repayments and interest to three lenders: Central Bank of India, State Bank of India, and Karur Vysya Bank. As on 30 Sept 2026, total outstanding borrowings are Rs 56.67 Crore, of which Rs 34.34 Crore is in default (Rs 23.33 Cr principal plus Rs 11.01 Cr interest). This means over 60 percent of total debt is overdue. The disclosure is filed under an SEBI circular requiring listed companies to report such defaults.
Likely market impact
Serious financial stress signal. About 60 percent of debt is overdue, raising risk of NPA classification, recovery action, and potential rating downgrade.