Aarvee Denims and Exports Ltd. announced enclosing the disclosure of defaults on payment of interest/repayment of principal amount on loans from banks/financial institutions and unlisted debt securities for the quarter ended 31 December 2022. Total amount outstanding as on 31 December, 2022 of INR 2675 million. Of the total amount outstanding, amount of default as on 31 December, 2022 of INR 42.1 million.