MT Educare Limited has informed the Exchange regarding 'Disclosure on defaults on payment of Interest/repayment of principal amount on loans'.
MTEDUCARE · price
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MT Educare Limited, currently under Corporate Insolvency Resolution Process (CIRP) since December 16, 2022, has disclosed defaults on loan repayments as of December 31, 2025. The company has a total outstanding loan of ₹32.33 crore from banks and financial institutions, with the debt now held by Prudent ARC Limited (reassigned from Assets Care & Reconstruction Enterprises in August 2023). Additionally, two corporate guarantees have been invoked against the company: ₹7.3 crore by Axis Bank (for Sri Gayatri Education Society) and ₹16.69 crore by Asset Care & Reconstruction Enterprise (for Lakshya Forum for Competitions). The company attributes the payment delays to COVID-19 disruptions and subsequent challenges in the education sector. A separate ₹49.72 crore claim by SVC Bank was rejected by NCLT but is under appeal at NCLAT.
This filing reinforces that MT Educare remains in severe financial distress under insolvency proceedings, with its debt already transferred to an Asset Reconstruction Company — a clear sign of non-performing assets. Shareholders should note that recovery remains uncertain and is dependent on the ongoing CIRP outcome, with no near-term improvement in financial health visible.