GTN Textiles Limited announced the defaults made by the company on payment of interest/repayment of principal amount on loans from banks I financial institutions. Name of the lender(s): Central Bank of India State Bank of India. Date of Default is March 31, 2023. Current Default amount: Principal INR 50.2 million (GECL) - Interest INR 8.6 million (GECL). Working Capital overdrawn INR 166.6 million. Working Capital Interest outstanding INR 124.2 million. Total amount of outstanding borrowings from Banks I financial institutions is INR 349.6 million.
Total financial indebtedness of the listed entity including short-term and long-term debt is INR 349.6 million.