Harish Textile Engineers Ltd Pays Interest on Old Series NCDs; Redemption Outstanding
Harish Textile Engineers Limited announced on April 7, 2026, that it has made the interest payment due on the Old Series-III and Series-IV Non-Convertible Debentures (NCDs). The payment covered the interest up to December 31, 2025.The company stated that while the interest payment was completed on April 4, 2026, the redemption amount and the further interest pertaining to the period from January 1, 2026, to March 31, 2026, for the Series III and Series IV Debentures remain outstanding. Harish Textile Engineers Limited reported that it continues to engage with the Debenture Trustee and the NCD holders regarding a resolution for this matter.
The structure of the 7% Unlisted, Secured, Unrated, Redeemable Non-Convertible Debentures (Old Series-III and Series-IV Debentures) details were provided in an annexure summarizing the financial obligations. The total issue size for these debentures was Rs. 4.232 Crores, issued across four series.
The repayment status and interest payment records are detailed below:
| Particulars | Details |
|---|---|
| Total Issue Size | Rs. 4.232 Crores (Issued in Four Series) |
| Series 1 Issue Size | 0.9278 Crore (Redeemed on respective due date) |
| Series II Issue Size | 1.1261 Crore (Redeemed on respective due date) |
| Series III Issue Size | 0.7103 Crore (Partially redeemed; Default in redemption of remaining Rs. 0.6472 Crore, due on October 7, 2025) |
| Series IV Issue Size | 1.4679 Crore (Default in redemption of remaining Rs. 1.4679 Crore, due on December 20, 2025) |
| Number of Investors | 20 |
Regarding interest payments, the company reported a payment of Rs. 7,42,310 for the period April 2025 to September 2025, and Rs. 3,73,183 for the period October 2025 to December 2025. The total interest amount due for the period April 2025 to September 2025 to October 2025 to March 2026 was cited as Rs. 7,38,253.
The reason cited for the delay in payment was liquidity constraints faced by the Company.
The company affirmed its commitment to resolving the matter and fulfilling its obligations to the debenture holders at the earliest.
Stock Price Movement
Harish Textile Engineers Ltd settled at ₹66.48 on Tuesday, sinking 1.34% in after-hours trading. Throughout the session, shares tested a range, dipping down to ₹65.00 before hitting a peak near ₹66.95.Source:
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