RCOM Discloses 28,826 Crore Default on Bank Loans for Q2 FY26 Amidst Insolvency
RCOM reported 28,826 crore default on bank loans for the quarter ended September 30, 2025, with total financial indebtedness at 40,410 crore, amidst ongoing insolvency proceedings.
The disclosure of massive defaults and the company's status under corporate insolvency resolution process indicate severe financial challenges and significant implications for creditors and stakeholders.
The announcement confirms substantial defaults on loans and significant financial indebtedness, highlighting severe financial distress and the company's ongoing corporate insolvency resolution process.
Reliance Communications Limited (RCOM) has disclosed defaults on payment of interest/principal on loans/financial institutions and listed debt securities for the quarter ended September 30, 2025. * The disclosure is made in terms of SEBI Circular No. SEBI / HO / CFD / CMD1 / CIR / P / 2019 /140 dated November 21, 2019. * RCOM is currently undergoing a corporate insolvency resolution process (CIRP) pursuant to the Insolvency and Bankruptcy Code, 2016. Its affairs, business, and assets have been managed by a Resolution Professional since June 28, 2019. * Key financial figures as of September 30, 2025 (in crore): * Total amount outstanding for loans/revolving facilities from banks/financial institutions: 28,826. * Amount of default on these loans as on date: 28,826. * Total financial indebtedness of the listed entity, including short-term and long-term debt: 40,410. * All outstanding amounts as per financial statements are considered in default due to the ongoing IBC process. * The reported figures do not include unprovided interest of 33,694 crore on loans from banks/financial institutions and 3,571 crore on NCDs in the financial statements.
What to do with a filing like this
Reliance Communications Limited filed this with the NSE as a statutory disclosure, categorised under corporate insolvency resolution process. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Reliance Communications Limited. Read the original for the full detail.