Facing liquidity issues, Gayatri Projs reports loan defaults of Rs 19.65 cr

The reported loan defaults comprise of smaller amounts ranging from Rs 4 crore to as low as Rs 12 lakh due for repayment to banks under 13 sanctioned loans in the past couple of weeks

Hyderabad-based infrastructure company Gayatri Projects Limited has reported loan defaults of up to Rs 19.65 crore in a stock exchange filing as required under Sebi's November, 2019, directive with regard to loan defaults of listed entities.

The company's shares were down 4.84 per cent or Rs 1 lower at Rs 19.65 on Bombay Stock Exchange on Tuesday. The total outstandings of the company stood at Rs 1,816.84 crore while the total financial indebtedness of the company was Rs 3,232 crore, which includes both short-term and long-term debt along with Rs 1,405.23 crore in advances from contractees, according to the filing.

The reported