Visesh Infotecnics Limited has informed the Exchange regarding 'Disclosure of defaults on payment of interest /repayment of principal amount on loans from banks and financial institution for the Quarter Ended 30th June, 2025, pursuant to SEBI Circular no: SEBI/HO/CED/CMD1/CIR/P/2019/140 dated November 21, 2019.'.
Awaiting price reaction for this filing.
MPS Infotecnics Limited has filed a quarterly disclosure on loan defaults with BSE and NSE as required by SEBI. The company reported NIL outstanding loans from banks and financial institutions and NIL default amount as on the reporting date. Total financial indebtedness of the company stands at Rs. 31.67 crore, of which Rs. 31.13 crore (nearly 98%) has been advanced by the Promoter or Promoter Group, not by banks. The filing was signed by Director Peeyush Kumar Aggarwal and Company Secretary Garima Singh on July 7, 2025.
Despite the headline mentioning 'defaults on payment,' the actual data shows no defaults or bank borrowings at all. The company's debt is almost entirely from promoter funding, which is a positive sign of promoter support but raises questions about bank credit access. Minor or neutral impact on shareholders, as no fresh default event is being reported.