Loan default disclosed; Rs 46.46 Cr overdue to ARC lender
ELECTHERM · price
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Electrotherm disclosed default on loan obligations to Invent Assets Securitisation and Reconstruction, which is the assignee of Allahabad Bank and Punjab National Bank. Principal of Rs 40 Crore and interest of Rs 6.46 Crore were overdue as of 30 June 2026. Total outstanding borrowings stand at Rs 986.20 Crore and total financial debt is Rs 1,000.69 Crore. The company is operating under a settlement with ARC for Rs 180 Crore at 11 percent for 11 years. A separate loan account with Rare ARC has been classified as NPA.
Missed debt payments, NPA classification, and high leverage point to financial stress. Negative signal for shareholders and stock price.