Announced Wed, 29 Apr · 15:17 IST
MT Educare defaults on loan repayment to Axis Bank and Prudence ARC
MTEDUCARE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+6.7%1-day move
₹1.49
prior close
₹1.55
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.6+0.6——+6.7+6.0+10.7+5.4+10.1+9.4+8.1+6.7+61.7—
Up moveDown movePending
AI summary
MT Educare disclosed loan repayment defaults to Axis Bank and Prudence ARC, ongoing since March 2021. Total outstanding is ₹32.33 crore. Current default: ₹24.09 crore principal + ₹8.26 crore interest. The company is already under Corporate Insolvency Resolution Process (CIRP) since Dec 2022, with Arihant Nenawati as Resolution Professional. Additional invoked corporate guarantees of ~₹24 crore exist.
Likely market impact
Negative — ongoing defaults and CIRP status signal severe financial distress. Shareholders face high risk of dilution or total loss under resolution plan.