Jaiprakash Associates Reports Loan Default Disclosure for February 2026

Jaiprakash Associates Limited (JAL) has disclosed details regarding defaults in payment of interest and repayment of principal on loans from banks and financial institutions for the month ended February 2026. 

The disclosure was made on March 3, 2026, in compliance with regulatory requirements for listed companies.

Details of the Disclosure

The disclosure relates to various financial obligations including term loans, Working Capital Term Loans (WCTL), and Funded Interest Term Loans (FITL). The company submitted the information in a specified format as required by stock exchange regulations regarding defaults on loans and revolving credit facilities such as cash credit.

However, specific details regarding the exact date of default, current default amount, and obligation breakdown were not disclosed in the filing. The company noted that the information is subject to verification due to ongoing insolvency proceedings.

Major Lenders Involved

The company’s lenders include several prominent banks and financial institutions such as State Bank of India, Axis Bank, ICICI Bank, Bank of Baroda, Punjab National Bank, and Yes Bank.

In addition to these banks, asset reconstruction companies and institutions such as National Asset Reconstruction Company Limited, Asset Care & Reconstruction Enterprise (ACRE) Limited, and Asset Reconstruction Company India Limited (ARCIL) are also part of the creditor list.

Debt Position and Insolvency Proceedings

As per the provisional data shared by the company, the total outstanding borrowings from banks and financial institutions stood at ₹55,357.39 crore as of February 28, 2026. The company’s total financial indebtedness, including both short-term and long-term debt, is also reported at the same level.

Jaiprakash Associates is currently undergoing proceedings under the Insolvency and Bankruptcy Code (IBC). Under this process, lenders are in the process of filing their claims, which are currently under verification.

Jaiprakash Associates Share Price Today

On March 5, 2026, Jaiprakash Associates share price (NSE: JPASSOCIAT) opened at ₹2.47. At 10:16 AM, the share price of Jaiprakash Associates was trading at ₹2.50, down by 3.58% on the NSE.

Also Read: Vedanta Challenges Adani Plan for Jaiprakash Associates in NCLT!

Conclusion

The disclosure highlights the significant debt burden faced by Jaiprakash Associates as it navigates insolvency proceedings. The ongoing claim verification process by lenders will play a key role in determining the company’s financial restructuring and future resolution.

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