Harish Textile Engineers Ltd — Important, 12-11-2025: Company Update

Harish Textile Engineers has received an Event of Default notice from its Debenture Trustee regarding a delay in redeeming Old Series-III Non-Convertible Debentures. The default involves 0.6472 Cr principal and 0.0234 Cr interest. The trustee has declared an Event of Default and intends to initiate enforcement proceedings, demanding repayment of 2.13 Cr covering both Old Series-III and New Series-IV debenture holders. The company is engaged in discussions with the Trustee and Debenture Holders to amicably resolve the matter and is actively working to arrange the necessary funds. This signals temporary liquidity challenges.