Harish Textile Engineers Debt & Borrowing
Harish Textile Engineers received approval from debenture holders to extend the redemption date for certain NCDs until 31st January 2027, addressing ongoing payment delays.
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Harish Textile Engineers received approval from debenture holders to extend the redemption date for certain NCDs until 31st January 2027, addressing ongoing payment delays.
Harish Textile Engineers reported the outcome of a debenture holders' meeting regarding delayed NCD redemption and interest payments. Parties agreed to further discussions for a resolution.
Harish Textile Engineers reported a continuing default on principal and interest payments for its unlisted NCDs, amounting to ₹2.1151 Crore.
Harish Textile Engineers announced a debenture holders meeting convened by Axis Trustee Services. The meeting discusses matters regarding 7% unlisted NCDs.
Harish Textile Engineers reported a default in redeeming principal of Rs.2.115 Crore for its NCDs. Financial constraints hindered the company's ability to meet obligations.
Harish Textile Engineers Ltd defaulted on interest and redemption payments totaling ₹2.15 Crore for its 7% unlisted NCDs. The default includes ₹2.11 Crore in principal and ₹0.0365 Crore in interest due to financial constraints. The company is currently engaging with debenture holders and the trustee to arrange settlement funds.
Harish Textile Engineers Ltd reported a payment of interest due up to December 2025 on its Series-III and IV NCDs. However, redemption amounts totaling ₹2.12 Crore and interest from January 2026 remain outstanding due to liquidity constraints. The company is currently engaging with the Debenture Trustee to resolve the default.