MT Educare Limited has informed the Exchange regarding 'Regulation 30 Disclosure defaults on repayment of Principal Amount andInterest-30/08/2025'.
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MT Educare Limited has disclosed defaults on loan repayments to Prudence ARC and Axis Bank, with the default period running from March 2021 onwards and reported as of August 31, 2025. The total default includes principal of Rs 24.09 crore and interest of Rs 8.26 crore, against total outstanding borrowings of Rs 32.33 crore. Additionally, corporate guarantees of Rs 7.30 crore (Axis Bank) and Rs 16.69 crore (Prudence ARC) have been invoked against the company. The company has been under Corporate Insolvency Resolution Process (CIRP) since December 16, 2022, and a Resolution Professional is currently managing the process. A separate SVC Bank claim of Rs 49.72 crore was rejected by NCLT, with the matter now pending at NCLAT.
This is a negative disclosure confirming ongoing and accumulated loan defaults, reinforcing the company's distressed financial status. Shareholders face continued uncertainty as resolution under CIRP progresses, with no clarity yet on recovery or restructuring outcomes.