MT Educare Limited announced that the Company has defaulted in repayment of Principal and Interest Amount. Name of lender: Prudence ARC and Axis Bank Limited. Date of default: Since March, 2021 Onwards.

Current default amount: Lender - Prudence ARC, Principal - INR 164.4 million, Interest - INR 37.5 million. Lender: Axis Bank Limited, Principal - INR 76.5 million, Interest - INR 45.1 million. Details of the obligation (tenure, coupon rate, secured/unsecured, etc.) Name of Lende: Axis Bank Ltd. - Term Loan, Amount Outstanding - INR 71.6 million, Tenure - 2 years, Rate of Interest - 11.65%, Secured.

Lender: Axis Bank Ltd. ? OD, Amount Outstanding - INR 49.8 million, Tenure- 2 years, Rate of Interest - 11.20%, Secured. Prudence ARC, INR 201.9 million, 2 years, 13.75%, Secured.

Total amount of outstanding borrowings from banks/financial institutions: INR 323.3 million. Date of making the disclosure is April 29, 2024.