MT Educare discloses defaults on bank and institutional loans

Loan classified NPACredit & Debt View source PDF Explain this filing

MTEDUCARE · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-0.6%Reaction day

₹1.61

prior close

₹1.68

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.5%+1.9% vs market

On the reaction day the stock moved 1.9 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

—

10m

-4.8

15m

-4.8

30m

-4.8

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-0.6-2.5+1.9

Next day

-4.3-1.1-3.3

-0.6-0.8+0.2

-0.6+1.3-2.0

+4.3pendingpending

———

15d

———

UpDownMarket · Nifty Microcap 250Pending

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

AI summary

MT Educare disclosed defaults since March 2021 on term loans, an overdraft and a corporate guarantee. Current defaults are INR 20.19 crore at Prudence ARC and INR 12.16 crore at Axis Bank, including principal and interest. Total bank and financial institution borrowings outstanding are INR 32.33 crore. The company remains under insolvency resolution since December 16, 2022.

Likely market impact

Persistent defaults and insolvency proceedings raise default, recovery and equity value risks for shareholders.