Hindusthan National Glass & Industries Limited — Important, 21-05-2025: Defaults on Payment of Interest/Principal

Hindusthan National Glass & Industries Ltd continues under Corporate Insolvency Resolution Process with total financial debt of Rs. 3012.71 Cr, including Rs. 2894.09 Cr in defaulted loans and Rs. 118.62 Cr in defaulted unlisted debt securities. A prior compromise aimed to settle Rs. 2805.48 Cr dues through payments of Rs. 1932.08 Cr, of which Rs. 789.27 Cr has been paid so far. The Resolution Professional is handling claims from 17 financial creditors totaling over Rs. 3335 Cr. This ongoing distress affects creditor recoveries and shareholder value.