Patspin India Ltd — Others, 07-04-2025: Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....

Patspin India Ltd has disclosed a default on loan repayments, with total outstanding debts of 56.67 Cr and a default amount of 4.93 Cr relating to principal and interest. The current default occurred on March 31, 2025, primarily on cash credit facilities. This situation raises concerns about the company's financial stability and could affect its ability to secure future financing. Investors should remain cautious, as this default poses potential risks to operational sustainability and profitability, warranting close monitoring of the company’s recovery strategy moving forward.