Gayatri Highways Limited — Important, 30-11-2024: Defaults on Payment of Interest/Principal

Gayatri Highways Limited's subsidiary, Sai Maatarini Tollways Limited (SMTL), has disclosed a default on interest payments, amounting to ₹22.63 crore, associated with a principal debt of ₹1,471.19 crore. This monthly interest accrual impacts the company's return on investment and indicates potential liquidity challenges. While the financial strain is evident, full payment details will be communicated to stock exchanges upon resolution. Investors may view this as a risk given the ongoing defaults, highlighting the need for cautious monitoring of the subsidiary's financial health.