Electrotherm Defaults on ₹18.68 Crore Loan Payments to Invent ARC
Electrotherm (India) Limited defaulted on loan payments due by December 31, 2025. The default amounts to ₹16.00 Crore principal and ₹2.68 Crore interest, totaling ₹18.68 Crore, to Invent Assets Securitisation & Reconstruction Private Limited. Total borrowings stand at ₹1,041.17 Crore.
Defaults on loan repayments can significantly impact a company's financial health, credit rating, and operational capabilities, affecting investor confidence.
The company has disclosed a default on loan payments, indicating financial distress.
Electrotherm (India) Limited has disclosed a default on the payment of interest and principal amounts for its Term Loan and Working Capital Loan from Invent Assets Securitisation & Reconstruction Private Limited, the assignee of debts from Allahabad Bank (now Indian Bank) and Punjab National Bank.
The default occurred on December 31, 2025. The company defaulted on ₹16.00 Crores in principal and ₹2.68 Crores in interest, totaling ₹18.68 Crores due up to December 31, 2025.
The original principal amount for this obligation, as per a settlement with Invent ARC, was ₹180.00 Crores with a tenure of 11 years and an interest rate of 11% per annum. This loan is secured.
As of December 31, 2025, Electrotherm's total outstanding borrowings from banks and financial institutions stood at ₹1,041.17 Crores. The company's total financial indebtedness, including short-term and long-term debt, was ₹1,055.67 Crores on the same date.
The company noted that the outstanding amounts are provisional and subject to confirmation from the lenders. It also clarified that the reported borrowings do not include interest from an unsettled lender, Rare Asset Reconstruction Limited (assignee of Indian Overseas Bank), which has not been provided in the books of accounts after the loan was classified as Non-Performing Asset (NPA).
What to do with a filing like this
Electrotherm (India) Limited filed this with the NSE as a statutory disclosure, categorised under fraud/defaults disclosure. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Electrotherm (India) Limited. Read the original for the full detail.