Electrotherm defaults on Rs 18.68 Cr payment to Invent ARC as of Dec 2025

Loan NpaDebt RestructuredCredit & Debt View source PDF Explain this filing

ELECTHERM · price

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

-4.5%Reaction day

₹802.50

prior close

₹795.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.3%-3.3% vs market

Iron & Steel Products peers, median of 90sector-1.2%-3.3% vs sector

On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 3.3 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

-1.9

10m

-2.0

15m

-2.3

30m

-2.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.5-1.3-3.3-1.2-3.3

Next day

+0.2+2.4-2.2+1.2-1.0

+0.1+3.8-3.7+2.2-2.1

-4.9+2.7-7.7+1.2-6.1

-3.2+1.9-5.1+0.9-4.0

-0.7+4.6-5.2+3.3-4.0

-0.9+5.1-6.0+3.8-4.7

15d

-9.2+2.1-11.2+0.4-9.6

-12.1-2.1-10.1+0.1-12.2

-25.9-6.4-19.5-6.6-19.3

+0.3+9.5-9.2+11.2-10.8

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 90Pending

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

AI summary

Electrotherm disclosed default on Rs 16 Cr principal and Rs 2.68 Cr interest owed to Invent ARC, which holds assigned debt of Indian Bank and PNB, with default date 31 Dec 2025. Total outstanding bank borrowings stand at Rs 1,041 Cr and total debt at Rs 1,055 Cr. The company had earlier settled Rs 180 Cr with Invent ARC at 11 percent over 11 years but missed this installment. Separately, lender Rare ARC has classified its loan account (assigned from Indian Overseas Bank) as a Non-Performing Asset.

Likely market impact

Negative - missed repayment and existing NPA classification point to serious debt stress, potential refinancing risk, and pressure on the stock.