Electrotherm defaults on ₹28.68 Cr loan principal & interest

Electrotherm (India) Ltd has disclosed a default on loan payments totaling ₹28.68 Crores as of March 31, 2026. This includes ₹24.00 Crores in principal and ₹4.68 Crores in interest, owed to Invent Assets Securitisation & Reconstruction Private Limited, which acquired debts from Allahabad Bank (now Indian Bank) and Punjab National Bank. The default pertains to Term Loan and Working Capital Loan obligations. The company's total outstanding borrowings from banks/financial institutions stood at ₹985.72 Crores, and total financial indebtedness was ₹1,000.21 Crores as of the same date. The company notes that these figures are provisional and subject to lender confirmation, and it has entered into settlements with ARCs for some outstanding loans.