GTN Textiles Limited announced details of the defaults made by the company on payment of interest/repayment of principal amount on loans from banks/financial institutions. Name of the lender(s): Central Bank of India; State Bank Of India. Date of Default: June 30, 2023.

Current Default amount: Principal INR 50.2 million (GECL); Interest INR 10.4 million (GECL). Working Capital overdrawn INR 143.4 million. Working Capital Interest outstanding INR 136.6 million.

Total amount of outstanding borrowings from Banks /financial institutions: INR 340.6 million. Total financial indebtedness of the listed entity including short-term and long-term debt: INR 340.6 million.