Madhucon Projects Limited has disclosed significant defaults on loan repayments for the quarter ended March 31, 2026, filing mandatory disclosures with stock exchanges under SEBI regulations. The company reported defaults totaling ₹31.44 crore on principal repayment to banks and financial institutions.

Default Details and Financial Position

The company's disclosure reveals concerning financial metrics for the reporting period:

The disclosure indicates that the entire outstanding amount of fund-based borrowings from banks has defaulted, representing 100% of the company's bank loans. While there were no defaults reported on interest payments, the principal repayment default encompasses the complete loan portfolio from banking institutions.

Regulatory Compliance and Disclosure

Madhucon Projects filed the disclosure on April 3, 2026, in compliance with SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2019/140 dated November 21, 2019. The disclosure was signed by D Malla Reddy, Company Secretary & Compliance Officer, and K. Venkateswarlu, Director cum CFO, ensuring proper authorization and accountability.

The default pertains to both fund and non-fund based facilities, with the affected lender being OBC/Punjab National Bank under secured arrangements. The date of default is recorded as March 31, 2026, coinciding with the quarter-end reporting period.

Financial Indebtedness Structure

The company's total financial indebtedness of ₹143.10 crore includes both short-term and long-term debt, encompassing fund-based and non-fund based facilities. Notably, the company reported no outstanding amounts or defaults on unlisted debt securities such as NCDs and NCRPs, indicating that the financial stress is primarily concentrated in banking relationships.

The disclosure provides transparency regarding the company's current financial challenges and its inability to meet scheduled repayment obligations to banking partners during the quarter ended March 31, 2026.

Madhucon Projects Limited has submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2026. The filing was made on 02-04-2026 with both major stock exchanges.

Compliance Certificate Details

The company filed the compliance certificate through its Registrar and Share Transfer Agent, KFin Technologies Limited. The certificate confirms that details of securities dematerialized/rematerialized during the quarter have been furnished to all stock exchanges where the company's shares are listed.

Regulatory Framework

Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 requires companies to provide details of securities that have been dematerialized or rematerialized during each quarter. This regulation ensures transparency in the conversion of physical shares to electronic form and vice versa.

Filing Authority and Process

The compliance certificate was issued by KFin Technologies Limited, serving as the Registrar to Issue and Share Transfer Agent for Madhucon Projects Limited. Praveen Chaturvedi, Senior Vice President at KFin Technologies, signed the certificates addressed to both Central Depository Services (India) Limited (CDSL) and National Securities Depository Limited (NSDL).

Stock Exchange Communication

The filing was simultaneously submitted to both BSE (Scrip Code: 531497) and NSE (Scrip Code: MADHUCON). The company maintains its registered office at Madhucon House, Plot No. 1129/A, Road No 36, Hitech City Road, Jubilee Hills, Hyderabad 500033.