MT Educare Ltd. Discloses Quarterly Default on Loans and Unlisted Debt Securities

MT Educare Ltd. has disclosed a quarterly default for the period ended 31st March, 2026, in compliance with SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2019/140. The default is attributed to disruptions in the education sector due to the COVID-19 pandemic and subsequent challenges. The default amounts to INR 32.33 crores in loans from banks and financial institutions. There are no defaults in unlisted debt securities. The total financial indebtedness of the company, including short-term and long-term debt, also stands at INR 32.33 crores. The default is in accordance with the claim received from Secured Financial Creditors.