ALPHA TRIBE

Gayatri Highways LimitedImportant, 01-01-2025: Defaults on Payment of Interest/Principal

01-01-2025 | 12:21 pm

Gayatri Highways Limited has disclosed defaults by its subsidiary, Sai Maatarini Tollways Limited, primarily concerning a failure to pay interest on loans. The default amounts to Rs. 23.65 crore monthly, contributing to an ongoing principal sum of Rs. 1,471.19 crore. This situation is expected to negatively impact the company's return on investment. Investors may view this as a potential risk, as it raises questions about the subsidiary's financial health and its effect on the parent company's performance moving forward.

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