Harish Textile Engineers Pledges Full Payment of Outstanding Principal on NCDs by July 31, 2026
Harish Textile Engineers Ltd has provided an update regarding the redemption of its Unlisted Secured Non-Convertible Debentures (NCDs) related to Old Series III and Series IV. This resolution follows a meeting held with the company's Debenture Holders.The Meeting of Debenture Holders, which was convened by Axis Trustee Services Limited, took place on Thursday, July 02, 2026, and was conducted virtually. During the meeting, Harish Textile Engineers addressed clarifications and matters raised by the Debenture Trustee and the holders of the debentures.
Following the proceedings, the company announced a commitment to satisfy its debt obligations. Harish Textile Engineers stated that it will make the full and final payment concerning the outstanding principal amount of the aforementioned 7% NCDs, along with all applicable accrued interest.
The company confirmed that this complete repayment is scheduled to be made by July 31, 2026.
Stock Price Movement
As of the close on Thursday, shares of Harish Textile Engineers Ltd settled at ₹65.89, edging higher by 0.70%. The stock moved through a wide intraday range, ranging from a low of ₹65.36 to a high of ₹69.25.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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