Brief: Rajshree Sugars & Chemicals Says Co Not In Position To Pay Dues To Banks For March-June 2018

Rajshree Sugars & Chemicals

09/07/2018 13:46

July 9 (Reuters) - Rajshree Sugars & Chemicals Ltd
 RJSG.NS :
    * CO IS NOT IN A POSITION TO MAKE PAYMENT OF INTEREST AND
PRINCIPAL DUE TO BANKS FOR MARCH-JUNE 2018
    * CO UNABLE TO PAY BANKS DUE TO LOW AVAILABILITY OF
SUGARCANE AND
MISMATCH BETWEEN SUGAR PRICE REALIZATION AND CANE PRICE
    * LENDER BANKS HAVE DECLARED CO'S LOAN ACCOUNT AS A
NON-PERFORMING
ASSET
    * IS IN DISCUSSION WITH LENDERS FOR PLAN TO RESTRUCTURE ITS
DEBT

Source text: http://bit.ly/2u4sL4w
Further company coverage:  RJSG.NS 

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