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As a result, these banks may not sanction further loan to STC, it added.
"STC is in the process of restructuring of existing debts and necessary action has already been initiated in this regard," it said.
Shares of the company had closed at Rs 140.40 apiece on Friday, down 1.61 per cent from its previous close on the BSE.
For the quarter ended December 2017, the company's net profit stood at Rs 19.08 crore, while revenue was at Rs 2,236.82 crore.