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DocMode Health Technologies (DHTL) faces a significant challenge: the company defaulted on its Non-Convertible Debenture (NCD) repayments, with the total principal and interest amounting to approximately Rs 1.03 Crore. This default led to the invocation and transfer of 1,12,500 equity shares (3.58% of total share capital) held by promoter Mr. Hans Albert Lewis to a debenture holder. The direct impact is a reduction in promoter control, though DHTL maintains there's no other immediate effect on the company's financials. As a mitigation, the company is actively seeking an extension from the debenture holder for the NCD repayment.
#DHTL #PromoterPledge #NCDDefault #ShareMarket