MT Educare defaults on 32.33 crore loan repayment to Axis Bank and Prudence ARC

Loan classified NPACredit & Debt View source PDF Explain this filing

MTEDUCARE · price

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

+3.7%Reaction day

₹2.41

prior close

₹2.49

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%+2.7% vs market

On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250, 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

-3.6

10m

-7.6

15m

-7.6

30m

-5.6

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+3.7+1.0+2.7

Next day

-3.7+1.2-4.9

-8.3+2.1-10.4

-12.9+1.7-14.6

-17.0+1.9-19.0

-21.2+1.2-22.4

-21.6+1.1-22.7

15d

-22.0+1.6-23.6

-17.4+0.1-17.5

-26.1+6.6-32.8

-29.9+5.5-35.4

UpDownMarket · Nifty Microcap 250Pending

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AI summary

MT Educare has defaulted on loan repayment to Axis Bank (principal 7.65 cr, interest 4.51 cr) and Prudence ARC (principal 16.44 cr, interest 3.75 cr). Defaults date back to March 2021. Total outstanding borrowings stand at 32.33 cr. The company is already under Corporate Insolvency Resolution Process since December 2022, with a Resolution Professional now in place. Corporate guarantees worth about 24 cr have also been invoked against two subsidiaries.

Likely market impact

Negative - ongoing financial distress; equity holders face potential wipeout or dilution under the insolvency process already underway.