Biopac India Corporation has informed that the Company has made a default in the payment of Loan Installment of Principal amount of Rs 9,156,250 and Interest of Rs 3,582,339 of Kotak Mahindra Bank. The Kotak Mahindra Bank ltd bank account of the Company has become (NPA) in the books of the Bank.
The above information is a part of company’s filings submitted to BSE.