Patspin India Ltd Reports Defaults on Loans from Major Financial Institutions
Patspin India Ltd has disclosed details regarding defaults incurred on financial facilities advanced by various banks and financial institutions, effective as of July 6, 2026.The company confirmed that its total outstanding borrowings from banks and financial institutions stood at Rs. 56.67 Crore. Correspondingly, the entity's total financial indebtedness, which includes both short-term and long-term debt, was also reported at Rs. 56.67 Crore.
The defaults were recorded as of June 30, 2026. The current default amount, encompassing both principal and interest on these facilities, amounts to Rs. 29.33 Crore. This total default is composed of a principal default of 20.00 Crore and an accrued interest payable amounting to 9.33 Crore.
The financial facilities in question are associated with Central Bank of India, State Bank of India, and Karur Vysya Bank Ltd. The details of the defaulted obligations across these lenders are presented below:
| Lender | Total Amount Outstanding (as of 06.07.2026) | Principal Default (as of 30.06.2026) | Interest Payable/Default (as of 30.06.2026) |
|---|---|---|---|
| Central Bank of India | 33,00,00,000 | 11,64,35,000 | 5,45,61,364 |
| State Bank of India | 20,76,70,000 | 7,33,05,000 | 3,41,52,226 |
| Karur Vysya Bank Ltd | 2,90,70,000 | 1,02,60,000 | 45,50,453 |
The reported data pertains specifically to loans and revolving facilities like cash credit from the aforementioned banks and financial institutions. Unlisted debt securities (NCDs and NCRPS) were not mentioned in connection with outstanding amounts or defaults at this time.
Stock Price Movement
Patspin India Ltd. closed out the trading day on Monday, settling at ₹7.17 after ticking up 4.37%. The shares moved through a volatile period, having traded between an intraday low of ₹6.90 and a high of ₹7.28.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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