Ansal Housing reports a Rs 96.27 crore principal default

Ansal Housing Limited disclosed a Rs 96.27 crore principal default on a secured Rs 169 crore project-funding facility from Suraksha Asset Reconstruction Private Limited, with nil interest in the current default. The default dated 30 September 2026 equalled about 49.8% of Ansal Housing's reported Rs 193.37 crore borrowings from banks and financial institutions.

What did Ansal Housing disclose on 31 October 2026?

Ansal Housing disclosed a loan-payment default that had remained due beyond 30 days, filing the prescribed disclosure with the exchange on 31 October 2026. The company cited a Securities and Exchange Board of India master circular dated 30 January 2026 covering defaults in interest payments or principal repayments on loans from banks and financial institutions.

The filing describes the obligation as project funding and gives 30 September 2026 as the default date. Ansal Housing reported a current default of Rs 96.27 crore of principal and nil interest, without identifying the number or value of individual monthly instalments included in that amount.

The lender is Suraksha Asset Reconstruction Private Limited, acting as trustee of Suraksha ARC-034 Trust. Ansal Housing classifies the Rs 169 crore project-funding facility as secured, although the 31 October 2026 disclosure does not identify the assets or other security supporting the borrowing.

How large is the Ansal Housing default compared with its debt?

The Rs 96.27 crore principal default represented about 49.8% of Ansal Housing's Rs 193.37 crore total borrowings from banks and financial institutions. It also represented about 47.7% of Rs 201.88 crore of total financial indebtedness, which the company says includes short-term and long-term debt.

Total financial indebtedness was Rs 8.51 crore higher than the reported borrowing total from banks and financial institutions. The disclosure does not explain the source of that difference or split the Rs 201.88 crore indebtedness between short-term and long-term obligations.

The defaulted principal was also about 57.0% of the facility's Rs 169 crore total principal amount. That calculation compares the reported default with the stated facility size only, as Ansal Housing does not disclose any other exposure to Suraksha Asset Reconstruction Private Limited in this filing.

What are the terms of the Ansal Housing project-funding facility?

Ansal Housing states that the project-funding facility has total principal of Rs 169 crore, an interest rate of 14% per annum and a secured classification. Repayment is to be made in monthly instalments until 31 December 2026, according to the terms set out alongside the 30 September 2026 default.

The current-default breakdown assigns the full Rs 96.27 crore to principal and records nil interest. The filing does not say whether interest had been paid, deferred, waived or handled separately, so the nil figure only describes the interest component of the reported current default.

The stated Rs 169 crore facility principal is Rs 72.73 crore greater than the Rs 96.27 crore defaulted principal. That difference cannot be treated as a repaid balance or an amount still payable because the disclosure provides neither repayment history nor a current outstanding facility balance.

When did Ansal Housing's payment become a disclosed default?

Ansal Housing gives 30 September 2026 as the date of default and 31 October 2026 as the date the disclosure was made. Its covering letter says the disclosure covers loan obligations due for repayment beyond 30 days, using the format prescribed under the cited regulatory circular.

The interval between 30 September 2026 and 31 October 2026 is not a full ageing schedule for the Rs 96.27 crore amount. Ansal Housing does not disclose the original due date, the date each instalment became overdue, or whether the default arose from one missed payment or multiple monthly instalments.

The filing does not disclose a cure payment, restructuring agreement or settlement for the reported default. As at the 31 October 2026 disclosure, Ansal Housing presented Rs 96.27 crore as current principal default and nil as the current interest-default amount.

What repayment timetable has Ansal Housing disclosed?

Ansal Housing says the Rs 169 crore facility will be repaid in monthly instalments until 31 December 2026. This is the only forward repayment timetable stated in the filing, and it applies to the secured facility on which the company reported a Rs 96.27 crore principal default.

The disclosure does not provide the dates or sizes of instalments due before 31 December 2026. It also does not state whether the monthly repayment schedule was changed after the 30 September 2026 default or whether Suraksha Asset Reconstruction Private Limited accepted any revised arrangement.

The filing distinguishes Rs 193.37 crore of borrowings from banks and financial institutions from Rs 201.88 crore of total financial indebtedness. It provides no comparable earlier-period debt figures, so it does not show whether either reported debt measure rose or fell before the 30 September 2026 disclosure.

Conclusion

Ansal Housing reported a Rs 96.27 crore principal default on a secured Rs 169 crore project-funding facility, with no interest included in the current default amount. The principal default was close to half of the company's Rs 193.37 crore bank and financial-institution borrowings and slightly below half of its Rs 201.88 crore total financial indebtedness.

The next stated milestone is 31 December 2026, through which the facility's monthly-instalment repayment schedule is due to run. Subsequent disclosures may clarify whether instalments are paid, the Rs 96.27 crore default amount changes, or the repayment arrangement is revised.