Harish Textile Engineers Ltd

⚠️ Harish Textile Engineers Faces Default Notice Over NCD Redemption Delay

- Notice of Event of Default issued by Axis Trustee Services on 11th Nov 2025.

- Delay in redeeming 7% Series-III NCDs (₹64.72L principal + ₹2.34L interest) due on 7th Oct 2025.

- Total repayment demand: ₹2.14 crore (including Series-III & Series-IV debenture holders).

- Company in talks with trustee/holders for resolution; aims for early redemption.

- Total financial indebtedness: ₹34.01 crore (short + long-term debt).

- ₹4.23 crore debt securities issued across four series, with partial redemptions/defaults in Series-III.

- Management claims liquidity crisis is temporary; working to arrange funds.