TechEra Engineering Reports Default in Interest Payment on Unlisted NCDs
TechEra Engineering (India) Limited, formerly TechEra Engineering India Pvt Ltd, reported a default concerning interest payments on its unlisted Non-Convertible Debentures (NCDs) as of March 31, 2026.The company confirmed that a default occurred in the payment of interest on the unlisted Non-Convertible Debentures (NCDs) as of March 31, 2026.
The details of the debt security and the financial obligations are as follows:
| Detail | Value |
|---|---|
| Listed Entity | TechEra Engineering (India) Limited |
| Date of Disclosure | May 19, 2026 |
| Type of Instrument | Non-Convertible Debentures (NCDs) (ISIN: INE0JQS08014) |
| Date of Default | March 31, 2026 |
| Number of Investors | One (1) |
| Current Default Amount | INR 22,50,000.00 |
| Amount Issued | INR 1.5 crore |
| Tenure | 24 months |
| Coupon Rate | 15 % |
| Security Status | Unsecured |
| Redemption Date | 11th Sep 2026 |
| Total Debt Issued via Securities | INR 1.5 Cr |
| Total Financial Indebtedness | INR 32.06 Cr |
TECHERA Stock Price Movement
Shares of TechEra Engineering (India) Limited today slipped by 1.83% to settle at ₹183.95. The stock saw a total traded volume of 42,400 shares, reflecting profit-taking pressure throughout the market session.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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