Significant reduction in debt burden to Rs 1,810 cr till March 31: Coffee Day Enterprises
Following a circular from market regulator SEBI, CDEL on April 6, 2022, had made a disclosure of defaults on payments of interest and repayment of principal amount on loans from banks, financial institutions and unlisted debt securities for the March quarter.
Coffee Day Enterprises Q4 Results: Net profit at Rs 59 crore
CDEL's revenue from operation rose 2.81 per cent to Rs 169.81 crore against Rs 165.16 crore in the year-ago period.Its total expenses declined 55.75 per cent to Rs 167.47 crore in Q4 FY22 compared to Rs 378.52 crore in Q4 FY21.
Coffee Day Enterprises promoted Sical Logistics received four firm bids under insolvency proceedings
Lenders are hoping to recover at least one-fourth of their dues from the company which began facing a liquidity crunch after the sudden demise of promoter VG Siddhartha in July 2019. Sical Logistics received 26 expressions of interest although only four entities submitted firm resolution plans.