The company has disclosed significant defaults on loan repayments for the quarter ended 31st March 2025, primarily attributed to a liquidity crisis.

The outstanding loans from banks and financial institutions amount to ₹180.61 Cr, with defaults totaling ₹174.83 Cr, including ₹5.78 Cr in unpaid interest.

Additionally, the company's unlisted debt securities show an outstanding total of ₹244.77 Cr, with defaults of ₹200.00 Cr, which includes ₹44.77 Cr in interest payments.

Overall financial indebtedness stands at ₹425.38 Cr.

The situation has escalated to the point where lenders have issued "loan recall" notices and initiated legal proceedings against the company.

These developments suggest a challenging financial landscape, demanding close monitoring from investors.