MT Educare Limited has informed the Exchange regarding 'Regulation 30 Disclosure defaults on repayment of Principal Amount andInterest-Juhe 2025'.
MTEDUCARE · price
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MT Educare Limited has disclosed defaults on repayment of principal and interest to two lenders — Prudence ARC and Axis Bank — with a total outstanding of ₹32.33 crore as of June 30, 2025. The defaults cover a term loan, overdraft, and corporate guarantees, and have been ongoing since March 2021. The company is already under Corporate Insolvency Resolution Process (CIRP) since December 16, 2022, following an NCLT order, with Arihant Nenawati currently serving as Resolution Professional. Additionally, invoked corporate guarantees of about ₹7.3 crore (Axis Bank, for Sri Gayatri Education Society) and ₹16.69 crore (Prudence ARC, for Lakshya Forum) are also part of the exposure. SVC Bank's ₹49.72 crore claim was rejected by NCLT but is under appeal at NCLAT.
This formal disclosure under SEBI LODR highlights continued financial distress and long-standing loan defaults, reinforcing the company's insolvency status. Shareholders should expect minimal recovery prospects, with the stock likely to remain under pressure and face potential dilution under any future resolution plan approved by NCLT.