Bharat Road Network Limited — Important, 01-01-2025: Defaults on Payment of Interest/Principal

Guruvayoor Infrastructure Private Limited (GIPL), a subsidiary of Bharat Road Network Limited, has defaulted on its debt obligations, with an overdue amount of ₹23.34 crore, comprising ₹22.27 crore in principal and ₹1.07 crore in interest. Notably, GIPL can generate sufficient funds to meet its debt obligations; however, these funds are currently restricted due to a court order related to an ongoing dispute with the National Highways Authority of India. This situation may raise concerns among investors regarding GIPL's liquidity and could impact sentiment, given the uncertainty surrounding the court case, but the company's ability to generate funds remains intact.