GTN Textiles Limited announced the 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 lenders: Central Bank of India and State Bank of India. Date of Default: September 30, 2023.

Current Default amount: Principal INR 50.2 million (GECL), Interest INR 13.4 million (GECL). Working Capital overdrawn INR 143.4 million. Working Capital Interest outstanding INR 153.7 million.

Total amount of outstanding borrowings from Banks - financial institutions: INR 360.7 million. Total financial indebtedness of the listed 'entity including short-term and long-term debt: INR 360.7 million. Loans /revolving facilities like cash credit from banks/financial institutions: Total amount outstanding as on date: INR 360.7 million.

Of the total amount outstanding, amount of default as on date: INR 360.7 million. State Bank of India: Default as on September 30, 2023 - Total - INR 82.077 million. Central Bank of India: Default as on September 30, 2023 - Total - INR 278.599 million.