29-Oct-2026 17:50:35

ELECTROTHERM : DEFAULTS ON RS 59.81 CR PRINCIPAL AND INTEREST PAYMENT

• Default dated 30-09-2026 on term loan and working capital loan from Invent Assets Securitisation & Reconstruction Pvt Ltd • Current default: principal ₹56 Cr and interest ₹3.81 Cr, due up to 30 September 2026 • Lender is assignee of debts of Allahabad Bank (now Indian Bank) and Punjab National Bank • Total obligation as per settlement with Invent ARC ₹180 Cr, 11-year tenure at 11% p.a., secured • Total outstanding borrowings from banks/FIs ₹983.98 Cr; total financial indebtedness ₹997.42 Cr as at 30 September 2026 • Company cites assignment of bank loans to ARCs, with settlement entered for repayment on agreed terms

Electrotherm (India) Ltd

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