Dharani Sugars and Chemicals Limited Records Loan Default of 51.11 Crores
Dharani Sugars and Chemicals Limited has reported a loan default regarding its obligations with various financial institutions. The default on the payments of principal and interest occurred on April 6, 2026.The company issued the disclosure on May 5, 2026, detailing the default amount and the various secured lenders involved.
The total current default amount associated with the primary obligation stands at 51.11 crores. This sum comprises a principal default of 57.46 crores and an interest default of 3.65 crores.
Loan Default Details
The loan default is secured from multiple creditors, including National Asset Reconstruction Company Ltd and Sugar Development Fund. The specific interest rates associated with these secured loans are detailed below:| Creditor Name | Interest Rate |
|---|---|
| National Asset Reconstruction Company Ltd | 12.0% |
| Sugar Development Fund | 5.75% |
Key Financial Obligations
The detailed breakdown of the secured obligations and the default status is provided in the table below.| Disclosure Item | Value (INR Crore) |
|---|---|
| Principal Default (FCl Ltd) | 57.46 |
| Interest Default (FCl Ltd) | 3.65 |
| Total Default Amount | 51.11 |
The record of the obligation rate shows the following rates for the secured loans:
| Lender | Interest Rate |
|---|---|
| National Asset Reconstruction Company Ltd | 12.0% |
| Sugar Development Fund | 5.75% |
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