SMVD Poly Pack Limited — Important, 08-04-2025: Updates

SMVD Poly Pack Limited has reported a delay in its interest payment to Tata Capital Financial Services Ltd., amounting to ₹2.06 lakh, due on April 7, 2025. The total principal amount related to this obligation is ₹1.94 crore, with an interest rate of 12.20%. The default arises from the non-receipt of an insurance claim, for which the company is taking steps to ensure payment as soon as possible. The total financial indebtedness of the company, including short-term and long-term debt, stands at ₹17.82 crore. Stakeholders should monitor the situation closely as the company works towards resolving this matter.