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Karnataka: Halsiddhanath to Issue a White Paper on How to Make It Debt-Free - Sukumar Patil Demands

Summary by ChiniMandi
Belgaum: The loans and deposits of Halsiddhnath factory are more than 1150 crores. The interest expense is more than 100 crores. We have never opposed the development of the factory. The board of directors has unanimously approved the resolutions for development works since 2018. But the factory is being dragged into the abyss of debt by taking loans at high interest for these development works. The factory's director and former chairman Sukumar…
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Belgaum: The loans and deposits of Halsiddhnath factory are more than 1150 crores. The interest expense is more than 100 crores. We have never opposed the development of the factory. The board of directors has unanimously approved the resolutions for development works since 2018. But the factory is being dragged into the abyss of debt by taking loans at high interest for these development works. The factory's director and former chairman Sukumar…

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ChiniMandi broke the news on Thursday, May 28, 2026.
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