Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ventura Textiles Limited has disclosed a default on its bank loans as of 31st March 2026. The total outstanding loan amount (revolving facilities including cash credit) stands at Rs. 1.63 Crore, with the entire amount reportedly in default. The disclosure has been made under SEBI Circular No. SEB/CLR/P/2019/140 dated November 21, 2019, following the regulator's mandate for listed entities to report loan default events promptly. P.M. Rao, Chairman & Managing Director, has signed off on the filing. No NCDs or listed debt securities are involved, indicating the default is purely on bank borrowings.
This is a significant red flag for shareholders. Full default on bank loans signals extreme financial distress, likely triggering lender action, potential NPA classification, and possible rating downgrades or junk status for any remaining debt instruments.