Date: 31st July 2026

Default Disclosure

RKEC Projects Limited has made a disclosure to the National Stock Exchange of India Ltd regarding defaults on payment of interest and repayment of principal amount on loans from banks and financial institutions as on 31st July 2026. This disclosure is made in terms of SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2019/140 dated 21st November 2019.

Default Details

  • Nature of obligation: Principal repayment along with interest thereon
  • Lenders: Bank of Baroda, HDFC, HDB Financial Services Ltd, Kotak Mahindra Bank Ltd, Mahindra Finance, Hinduja Leyland Finance, Aditya Birla, Vivriti Capital Ltd, ICICI Bank, Bandhan Bank & CSB
  • Current default amount: Principal ₹55.90 Crore, Interest ₹7.52 Crore (Total ₹63.42 Crore)
  • Date of default: Various dates (company is hopeful of getting additional funds sanctioned by infusion of funds to discharge the liabilities)
  • Total outstanding borrowings from Banks/financial institutions: ₹229.32 Crore
  • Total financial indebtedness: ₹229.32 Crore

Debt Profile Details (Annexure)

The company provided a detailed breakdown of its debt profile as of 31st July 2026:

Term Loans from Banks (Total Outstanding: ₹22.30 Crore)

  • Bank of Baroda: Multiple term loans totaling ₹20.91 Cr sanctioned, ₹10.26 Cr outstanding
  • CSB: Two term loans totaling ₹2.21 Cr sanctioned, ₹1.72 Cr outstanding
  • HDFC Bank: Multiple term loans totaling ₹7.80 Cr sanctioned, ₹5.98 Cr outstanding
  • ICICI Bank: One term loan of ₹2.60 Cr sanctioned, ₹1.07 Cr outstanding
  • Kotak Mahindra Bank Ltd: Two term loans totaling ₹1.31 Cr sanctioned, ₹0.45 Cr outstanding
  • DCB: One term loan of ₹2.94 Cr sanctioned, ₹2.82 Cr outstanding

Term Loans from Financial Institutions (Total Outstanding: ₹27.33 Crore)

  • Mahindra Finance: Multiple term loans totaling ₹6.35 Cr sanctioned, ₹1.42 Cr outstanding
  • HDB Financial Services: Multiple term loans totaling ₹4.00 Cr sanctioned, ₹1.11 Cr outstanding
  • Aditya Birla Finance: One term loan of ₹0.50 Cr sanctioned, ₹0.10 Cr outstanding
  • HLFC Financial Services: One term loan of ₹10.00 Cr sanctioned, ₹8.06 Cr outstanding
  • Vivriti Capital Ltd: Multiple facilities totaling ₹20.00 Cr sanctioned, ₹16.63 Cr outstanding

Working Capital Facilities (Total Outstanding: ₹83.00 Crore)

  • Bank of Baroda (CC): ₹37.50 Cr sanctioned, ₹38.82 Cr outstanding
  • Bandhan Bank (CC): ₹13.00 Cr sanctioned, ₹13.09 Cr outstanding
  • CSB (CC): ₹11.00 Cr sanctioned, ₹11.10 Cr outstanding
  • ICICI Bank (CC): ₹20.00 Cr sanctioned, ₹19.99 Cr outstanding

Bill Discounting Facilities (Total Outstanding: ₹36.46 Crore)

  • Bank of Baroda: ₹17.00 Cr sanctioned, amount outstanding not specified
  • Bank of India: ₹10.00 Cr sanctioned, ₹9.18 Cr outstanding
  • Bank of Maharashtra: ₹15.00 Cr sanctioned, ₹7.17 Cr outstanding
  • HDFC Bank: ₹5.00 Cr sanctioned, ₹4.88 Cr outstanding
  • Indian Bank: ₹4.75 Cr sanctioned, ₹1.51 Cr outstanding
  • SIDBI: ₹20.00 Cr sanctioned, ₹13.72 Cr outstanding

Other Facilities

  • LC Devovement: ₹35.20 Cr outstanding
  • BG Devovement: ₹25.03 Cr outstanding

Total Debt Summary

  • Total term loans: ₹78.63 Cr sanctioned, ₹49.63 Cr outstanding
  • Total working capital: ₹81.50 Cr sanctioned, ₹83.00 Cr outstanding
  • Total bill discounting: ₹71.75 Cr sanctioned, ₹36.46 Cr outstanding
  • Grand total: ₹231.88 Cr sanctioned, ₹229.32 Cr outstanding

Additional Context

The company stated that it is "hopeful of getting additional funds sanctioned by infusion of funds to discharge the liabilities" despite the various default dates.