Electrotherm Defaults on ₹46.46 Crore Loan Payments to Invent ARC
Electrotherm (India) Limited defaulted on ₹46.46 Crore in loan payments (₹40 Cr principal, ₹6.46 Cr interest) due to Invent Assets Securitisation & Reconstruction Private Limited by June 30, 2026. Total borrowings were ₹986.20 Crores, with total debt at ₹1,000.69 Crores as of June 30, 2026.
Defaults on loan payments can severely impact a company's financial health, credit rating, and ability to raise further capital, affecting its operations and investor confidence.
The company has disclosed a default on payment of interest and principal on its loans, which is a significant negative development indicating financial distress.
Electrotherm (India) Limited has disclosed a default on payment of interest and principal amounts on loans from banks and financial institutions. The default pertains to a 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 June 30, 2026, with a current default amount of ₹40.00 Crores in principal and ₹6.46 Crores in interest, totaling ₹46.46 Crores. The original settlement with Invent ARC was for a principal amount of ₹180.00 Crores, with a tenure of 11 years and an interest rate of 11% per annum. This loan is secured.
As of June 30, 2026, the total outstanding borrowings from Banks/Financial Institutions for Electrotherm stood at ₹986.20 Crores. The company's total financial indebtedness, including short-term and long-term debt, was ₹1,000.69 Crores on the same date.
The company notes that the outstanding borrowings figure of ₹986.20 Crores is provisional and subject to confirmation from the lender. It also excludes interest from an unsettled lender, Rare Asset Reconstruction Limited, whose loan account has been classified as Non-Performing Assets (NPA). Electrotherm has entered into a settlement with ARC for payment of outstanding loans under certain terms and conditions.
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Electrotherm (India) Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. 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.