Announced Mon, 6 Jul · 17:23 IST
Patspin India defaults on Rs 29.33 Cr loan payments to 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
-6.5%1-day move
₹7.18
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-6.5-0.8-3.1-6.0-0.7-2.6-2.8———
Up moveDown movePending
AI summary
Patspin India has reported defaults on loan payments to three banks - Central Bank of India, State Bank of India, and Karur Vysya Bank - as on June 30, 2026. Total default is Rs 29.33 crore, comprising Rs 20 crore in principal and Rs 9.33 crore in unpaid interest. Against total outstanding bank borrowings of Rs 56.67 crore, over half of the company's debt is now in default.
Likely market impact
Serious financial distress signal. Over half of debt in default raises risk of NPA classification, recovery action by lenders and possible equity dilution risk.