Disclosure of loan defaults: listed entities must report interest or principal payment defaults within prescribed short timelines. Listed entities with listed equity, convertible securities, NCDs or NCRPS must disclose defaults on loans from banks/financial institutions and on unlisted debt securities. Default means non-payment on the pre-agreed date or, for revolving facilities, an excess outstanding balance over sanctioned limit/drawing power for more than 30 days. Loan defaults continuing beyond 30 days must be disclosed promptly but not later than 24 hours from the 30th day; defaults on unlisted debt securities must be disclosed promptly but not later than 24 hours from occurrence. Specific per-instance and quarterly tabular formats and timing requirements are prescribed.