Rajshree Sugars and Chemicals Limited announced details of default in repayment of loans and interest as on June 30, 2024. Total amount (Principal and lnterest) outstanding as on June 30, 2024 is INR 1728.6 million, of the total amount (Principal and lnterest) outstanding, amount of default as on June 30, 2024 is INR 615.7 million. Total financial indebtedness of the listed entity including short-term and long-term debt is INR 3891.8 million.

The Company has been in default of the Ethanol loan of INR 324.5 million and the Co-generation loan of INR 211.0 million (sanctioned limits) availed from the Sugar Development Fund (SDF), Government of India (GoI). On 11th June 2024, the Company has submitted its application to the Department of Food and Public Distribution (DFPD), Ministry of Consumer Affairs, GoI for repayment of these loans in full under One Time Settlement (OTS) Scheme.