Penny Stock Under Re 1 Hits Back-to-Back Upper Circuits: Stock Price Hit 5% Upper Circuit for 4th Day After OTS Deal with Central Bank of India

On Monday, shares of Dharan Infra-EPC Limited hit a 5 per cent upper circuit to Rs 0.46 per share from its previous closing of Rs 44 per share. The stock price is hitting upper circuit for last 4 trading sessions after following development.

Dharan Infra-EPC Limited, previously known as KBC Global Limited, has announced the execution of a One-Time Settlement (OTS) Agreement with the Central Bank of India today, July 28, 2025. This significant development aims to provide a structured resolution for the Company's outstanding financial obligations.

The key terms of this settlement include a Total Settlement Value (OTS) of Rs 4.30 Crore. As part of this agreement, an initial upfront payment of Rs 43,00,000, which represents 10 per cent of the outstanding amount, was remitted on July 28, 2025. The balance payment is scheduled to be discharged in three subsequent instalments, with the final tranche due on or before January 31, 2026.

Dharan Infra-EPC Limited views this OTS as a constructive milestone in its ongoing efforts to restructure its financial position and regularise its obligations. The Company anticipates that this settlement will have a positive bearing on its balance sheet, reinforce its credibility among stakeholders, and establish a foundation for improved financial discipline and growth readiness.

The Company also clarified that while some loans remain classified under default, they are entirely secured by collateral. The assessed value of this collateral is approximately double the principal sum of the outstanding facilities. This robust collateral coverage is intended to ensure adequate protection for lenders and mitigate the risk of any material adverse impact on the Company’s operational or financial integrity.

Dharan Infra-EPC Limited further stated its commitment to ongoing active and constructive dialogue with its lending institutions, as it continues to pursue structured solutions for all residual obligations.

Dharan Infra-EPC Ltd (formerly known as KBC Global Ltd), established in 2007, focuses on real estate construction, development, and civil contracts (EPC). The company primarily builds residential and commercial projects but has recently expanded into large-scale infrastructure like railways, roads, bridges, and ports, and even renewable energy through Dharan Infra Solar Pvt Ltd.

The company has a market cap of over Rs 200 crore. 

Disclaimer: The article is for informational purposes only and not investment advice.