Disclosure in terms of SEBI Circular No. SEBI / HO / CFD / CMD1 / CIR / P / 2019 /140dated November 21, 2019. for the quarter ended December 31, 2025
RCOM · price
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Reliance Communications Limited (RCOM), currently under corporate insolvency resolution since June 2019, has reported that its entire outstanding loan of Rs 28,826 crore from banks and financial institutions is in default as of December 31, 2025. The company's total financial indebtedness stands at Rs 40,410 crore, with 100% of bank/FI loans classified as defaulted. Additionally, unprovided interest of Rs 37,495 crore on bank loans and Rs 3,677 crore on non-convertible debentures is not reflected in the financial statements. The company clarifies that since it is under the Insolvency and Bankruptcy Code, all lender claims have been filed and amounts are being resolved through the IBC process. Mr. Anish Niranjan Nanavaty continues as the Resolution Professional managing the company's affairs.
No new negative surprise for shareholders — the defaults are a continuation of the ongoing insolvency process that began in 2019. The stock remains in limbo pending resolution outcome, and equity holders are likely to face significant dilution or writedown depending on the resolution plan approved by NCLT.