Aarvee Denims and Exports Ltd. announced defaults on payment of interest/repayment of principal amount on loans from banks/financial institutions and unlisted debt securities for the quarter ended September 30, 2023. Total amount outstanding as on September 30, 2023 is INR 2,181.7 million. Of the total amount outstanding, amount of default as on September 30, 2023 is INR 68.6 million.