Patspin India defaults on Rs 29.33 Cr loan payments to three banks

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Nifty Microcap 250market · in no size index; the smallest one is used-0.7%-0.1% vs market

Other Textile Products peers, median of 184sector-0.4%-0.5% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.5 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 184Pending

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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.