Ansal Housing Limited has disclosed a default on the repayment of ₹18.31 crore in principal amount to Suraksha Asset Reconstruction Private Limited, acting as the trustee of Suraksha ARC-034 Trust. The default, which occurred on January 31, 2025, was reported to the stock exchanges on March 1, 2025.
According to the company’s filing, the default pertains to a project funding loan amounting to ₹169 crore, with a tenure of five years starting from April 1, 2024. The loan carries an interest rate of 14% per annum and is secured. The company currently has total outstanding borrowings of ₹245.48 crore from banks and financial institutions, while its overall financial indebtedness, including short-term and long-term debt, stands at ₹328.85 crore.
The disclosure follows SEBI’s regulatory requirements for listed companies to report defaults on loans beyond 30 days. Investors and stakeholders will now be closely monitoring the company’s financial health and debt management strategy in the coming months.
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