Date: 21 October 2026
Default Disclosure
Dharani Sugars and Chemicals Limited has disclosed a default on loan payments pursuant to SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2019/1740 dated 24th November 2019.
Default Details
- Date of default: 30th September 2026
- Nature of obligation: Loan Default
- Current default amount: ₹14.82 crores (Principal Default - NARCL: ₹14.82 crores, Interest Default - NARCL: ₹0.00)
Loan Obligation Details
- National Asset Reconstruction Company Ltd: ₹267.36 crores (secured loan, tenure up to 31 December 2029, interest rate: 12.00%)
- Sugar Development Fund: ₹80.17 crores (secured loan, tenure up to 03 April 2026, interest rate: 5.75%)
Financial Indebtedness
- Total outstanding borrowings from banks/financial institutions: ₹347.53 crores
- Total financial indebtedness including short-term and long-term debt: ₹347.53 crores
Additional Information
- The disclosure does not include any default on unlisted debt securities (NCDs and NCRPS)
- The disclosure was made by E P Sakthivel, Company Secretary
- Company registered office: PGP HOUSE, (Old No.57) New No. 59, Sterling Road, Nungambakkam, Chennai-600034