Electrotherm (India) Limited announced default on payment of interest /repayment of principal amount. Nature of obligation: Term Loan & Working Capital Loan. Name of the Lender: Invent Assets Securitisation & Reconstruction Private Limited (assignee of debts of Allahabad Bank (now Indian Bank) and Punjab National Bank).
Date of default: December 31, 2025. Current default amount (break-up of principal and interest): Principal - INR 160 million, due upto 31 December, 2025. Interest -INR 26.8 million, due upto 31 December, 2025.
Details of the obligation (total principal amount, tenure, interest rate, secured /unsecured etc.). Principal (As per settlement with Invent ARC) - INR 1,800 million. Tenure - 11 years.
Interest Rate - 11% p.a. Total amount of outstanding borrowings from Banks /financial institutions: INR 10,411.7 million as at 31 December, 2025. Total financial indebtedness of the listed entity including short-term and long-term debt: INR 10,556.7 million as at 31 December, 2025.
