Bharat Road Network Limited — Important, 01-04-2025: Defaults on Payment of Interest/Principal

Bharat Road Network Limited has disclosed a default on interest and principal repayment related to a secured term loan from Srei Equipment Finance Limited. As of March 31, 2025, the principal outstanding is ₹193.57 crore with an interest of ₹120.16 crore. The total financial indebtedness, including both short-term and long-term debts, amounts to ₹263.57 crore in principal and ₹128.72 crore in interest. This situation raises potential concerns about the company's financial health, which may influence investor sentiment, highlighting a neutral outlook due to increased risk from these defaults.