Harish Textile Engineers Ltd — Important, 20-12-2025: Company Update

Harish Textile Engineers has announced a delay in redeeming its Series IV Non-Convertible Debentures (NCDs) worth 1.47 Cr, along with unpaid interest. The company also has a pending redemption default of 0.65 Cr for Series III NCDs. This delay stems from a general manufacturing sector slowdown and the company's cash flow and liquidity issues. A meeting with NCD holders is scheduled to discuss settlement options. The company, which has a total financial indebtedness of 31.64 Cr, states that the liquidity crisis is temporary and won't impact its going concern.