Disclosure of default on payment of interest / repayment of principal amount on loans from Banks / Financial Institutions

Loan NpaDebt RestructuredCredit & Debt View source PDF Explain this filing

ELECTHERM · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.1%Reaction day

₹806.20

prior close

₹819.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.5%-1.6% vs market

Iron & Steel Products peers, median of 94sector+1.1%-1.3% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 1.3 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.4

10m

+0.8

15m

+0.5

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.1+1.5-1.6+1.1-1.3

Next day

-1.6+1.4-3.0+0.9-2.5

-0.8+3.0-3.8+1.5-2.3

-2.9+4.6-7.5+2.4-5.3

-6.7+4.5-11.2+2.4-9.1

-7.9+3.0-10.9+1.3-9.2

-8.0+0.6-8.5-0.2-7.8

15d

-5.0+2.9-7.9-0.1-4.9

+24.5+4.1+20.5-0.8+25.4

+50.8+10.5+40.4-1.8+52.6

+25.3+11.6+13.7-2.2+27.5

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 94Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Electrotherm (India) Limited has disclosed a default on loans from Banks/Financial Institutions. The company defaulted on Rs. 24 crore of principal and Rs. 4.68 crore of interest (total Rs. 28.68 crore) as of 31st March 2026. The lenders include Invent Assets Securitisation & Reconstruction Private Limited, which is an assignee of debts from Allahabad Bank (now Indian Bank) and Punjab National Bank. The company had a settlement agreement with Invent ARC for Rs. 180 crore principal over 11 years at 11% p.a. Total outstanding borrowings stand at Rs. 985.72 crore, while total financial indebtedness is Rs. 1,000.21 crore as of March 2026. The company noted that one lender (Rare Asset Reconstruction Limited) has classified the loan account as Non-Performing Asset (NPA).

Likely market impact

This is a serious credit event indicating significant financial stress. The NPA classification and default disclosure will likely result in rating downgrades and negative sentiment for shareholders, with potential legal action from lenders.