Harish Textile Engineers Ltd — Important, 31-07-2026: Company Update

Harish Textile Engineers Limited provided an update on the default concerning its 7% Unlisted Non-Convertible Debentures (Old Series III & IV). While all interest due up to June 30, 2026, has been paid, the principal amount of 2.1151 Cr and subsequent interest remain unpaid. This delay stems from ongoing financial constraints. The company, with total debt securities issued at 4.232 Cr and overall financial indebtedness of 30.25 Cr, is engaging with the 20 debenture holders to arrange funds and remains committed to fulfilling its obligations. This highlights significant financial challenges.