Ansal Housing Limited announced disclosure for defaults on payment of secured term loan. Date of default: 15 August 2023. Name of the lender is IFCI Limited.

Current default amount (break-up of Principal principal and interest)- INR 555.9 million, Interest - INR 855.3 million. Details of the obligation: Term Loan: INR 1,000 million, Tenure: September, 2014- December,2025, Rate of Interest: 14% p.a. Secured/Unsecured: Secured. Total amount of outstanding borrowings: INR 3,977.8 million.

Total financial indebtedness of the listed entity including short-term and long-term debt: INR 4,982.8 million.