Harish Textile Engineers Ltd — Important, 25-11-2025: Company Update

Harish Textile Engineers Limited has experienced a default in the redemption of its 7% Unlisted, Secured, Redeemable, Non-Convertible Debentures (Old Series-III). This default involves a principal amount of approximately 0.65 Cr and interest of about 0.02 Cr. In response, Axis Trustee Services Limited, the appointed Debenture Trustee, has convened a virtual meeting for these Debenture Holders. The purpose of this meeting is to address the issues stemming from the default and decide on the next steps, highlighting a significant challenge regarding the company's outstanding debt.