Electrotherm discloses Rs 10.45 crore loan default
ELECTHERM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.9 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.
Minute windows have no benchmark: there is no intraday index history to compare against.
Electrotherm reported a default dated 30 September 2025 on loans assigned to Invent ARC, a debt reconstruction firm. Overdue principal was Rs 8.00 crore and interest Rs 2.45 crore, totaling Rs 10.45 crore. The settlement covers Rs 180 crore over 11 years at 11% annually and is secured. Provisional bank and financial institution borrowings were Rs 1,091.66 crore and total debt was Rs 1,106.16 crore.
Loan default raises liquidity and repayment concerns, increases credit risk and may hurt market sentiment. The ARC settlement offers a repayment route.