Harish Textile Engineers Ltd — Updates, 22-05-2025: Company Update

Harish Textile Engineers Limited has announced a meeting outcome where debenture holders of its Old Series-III unlisted secured NCDs agreed in principle to extend the redemption timeline to 07 October 2025. Nine out of 14 holders attended and consented to the extension, which will be formalized only after receiving signed No Objection Certificates from the majority. The company will proceed with documentation and compliance for the revised terms once all consents are secured. This extension provides temporary relief on redemption obligations, impacting the company’s near-term cash flow management and creditor relations.