Morarjee Textiles Limited — Others, 07-01-2025: Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter

Morarjee Textiles Ltd. has disclosed defaults on interest and principal repayments for loans from banks and financial institutions, detailing an outstanding amount of ₹836.69 crore, all of which is in default. Additionally, unlisted debt securities have an outstanding amount of ₹40.93 crore, also entirely in default. This brings the total financial indebtedness to ₹900.88 crore. The company is under Corporate Insolvency Resolution Process, managed by interim resolution professional Ravi Sethia. This situation may develop a cautious sentiment among investors due to high levels of defaults, highlighting potential risks in recovery and operational stability.