Patspin India Defaults on Rs 34.34 Crore Bank Loans
Patspin India Reports Rs.34.34 Crore Loan Default
Patspin India Limited disclosed details of defaults in payment of interest and repayment of principal on loans from banks and financial institutions as of September 30, 2026, pursuant to applicable SEBI disclosure requirements.
The company's total default stood at Rs.34.34 crore, comprising Rs.23.33 crore of principal and Rs.11 crore of interest. Patspin India's total outstanding borrowings from banks and financial institutions stood at Rs.56.67 crore.
Lender-wise Default Breakdown
| Lender | Principal Default | Interest Default |
|---|---|---|
| Central Bank of India | Rs.13.58 crore | Rs.6.43 crore |
| State Bank of India | Rs.8.55 crore | Rs.4.02 crore |
| Karur Vysya Bank | Rs.1.19 crore | Rs.53.66 lakh |
The lender-wise principal amounts aggregate to Rs.23.33 crore, while the interest amounts aggregate to approximately Rs.11 crore, resulting in a total default of Rs.34.34 crore.
Patspin India Outstanding Debt
Patspin India reported total outstanding borrowings from banks and financial institutions of Rs.56.67 crore. The company's total financial indebtedness, including both short-term and long-term debt, was also disclosed at Rs.56.67 crore.
Against these outstanding borrowings, the company reported defaults comprising principal and interest dues of Rs.34.34 crore as of September 30, 2026.
Patspin India Loan Default Highlights
| Particular | Details |
|---|---|
| Company | Patspin India Limited |
| Default Date | September 30, 2026 |
| Total Default | Rs.34.34 crore |
| Principal Default | Rs.23.33 crore |
| Interest Default | Rs.11 crore |
| Total Outstanding Borrowings | Rs.56.67 crore |
| Lenders | Central Bank of India, State Bank of India and Karur Vysya Bank |
| Debt Type | Bank borrowings / financial indebtedness |
What to Watch Next
- Investors may track subsequent regulatory disclosures from Patspin India Limited for updates on the repayment of outstanding principal and interest dues.
- Further disclosures may provide information on any restructuring, repayment arrangements or other developments concerning the company's borrowings and financial obligations.
- Investors can also monitor future stock exchange filings for updates on the company's debt position and resolution of the reported defaults.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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