Harish Textile Engineers Ltd — Updates, 14-05-2025: Company Update

Harish Textile Engineers Limited has announced a delay in repayment of interest and principal on its 7% unsecured, unlisted, redeemable non-convertible debentures (NCDs) due for redemption, with a default amount of ₹0.6472 Cr principal and ₹0.0277 Cr interest. Efforts are ongoing to resolve the dues, including discussions with debenture holders to convene a meeting. The company clarified this liquidity issue is temporary and does not affect its going concern status. Total financial indebtedness stands at ₹31.75 Cr, and redemption of other series remains on track.