Dharani Sugars and Chemicals Limited Announces Defaults on Payment of Interest/Principal

Dharani Sugars and Chemicals Limited is an India-based company, which is engaged in the business of manufacturing white sugar, generation of electricity and production of industrial alcohol. The Company operates through three segments: Sugar, Distillery, and Power. Its operations predominantly relate to manufacture of sugar, co-generation of power and production of industrial alcohol. Sugar segment includes molasses and other by-products. The Company's operations are spread over three locations in Tamil Nadu which is at Dharani Nagar in Tirunelveli District, at Karaipoondi Village, Polur in Thiruvannamalai District and at Kalayanallur Village, Sankarapuram Taluk in Villupuram District.