Ansal Housing defaults on Rs 72.96 Cr principal to Suraksha ARC
Ansal Housing defaulted on a principal payment of Rs 72.96 crore to Suraksha Asset Reconstruction Private Limited on May 31, 2026. The loan, secured for project funding at 14% interest, has a total principal obligation of Rs 169.00 crore. The company's total financial indebtedness stands at Rs 209.23 crore.

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Ansal Housing Limited defaulted on a principal payment of Rs 72.96 crore to Suraksha Asset Reconstruction Private Limited on May 31, 2026. The default impacts project funding, with the lender acting in its capacity as the trustee of Suraksha ARC-034 Trust. This disclosure was made to BSE Ltd. on June 30, 2026, in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
The obligation involves a total principal amount of Rs 169.00 crore, repayable in monthly instalments until December 31, 2026. The facility carries an interest rate of 14% per annum and is secured by assets. The company reported that no interest was outstanding at the time of the default.
Financial Indebtedness
The filing provides a detailed breakdown of the company's current debt position. The total outstanding borrowings from banks and financial institutions amount to Rs 200.99 crore. When including short-term and long-term debt, the total financial indebtedness of the listed entity reaches Rs 209.23 crore.
| Metric | Amount (INR Crore) |
|---|---|
| Current Default Amount (Principal) | 72.96 |
| Current Default Amount (Interest) | Nil |
| Total Principal Obligation | 169.00 |
| Outstanding Borrowings from Banks/FIs | 200.99 |
| Total Financial Indebtedness | 209.23 |
Loan Details
The defaulted loan was specifically secured for project funding. The repayment schedule is structured to conclude by the end of 2026. The lender, Suraksha Asset Reconstruction Private Limited, is managing the trust associated with the security of the loan.
Historical Stock Returns for Ansal Housing & Construction
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.17% | -0.99% | -12.92% | -35.06% | -50.08% | -43.34% |
How will Ansal Housing manage the remaining Rs 96.04 crore principal obligation given the current default?
What potential enforcement actions might Suraksha ARC take regarding the secured assets backing the loan?
Could this default trigger cross-default clauses on the company's other outstanding borrowings of Rs 200.99 crore?































