Electrotherm Defaults on ₹46.46 Cr Loan Payments

Electrotherm (India) Limited has disclosed a default on interest and principal payments for term and working capital loans amounting to ₹46.46 crore as of June 30, 2026. The default is with Invent Assets Securitisation & Reconstruction Private Limited, an assignee of debts from Allahabad Bank (now Indian Bank) and Punjab National Bank. The total principal amount under settlement is ₹180 crore with an 11% interest rate over 11 years. The company's total outstanding borrowings from banks/FIs were ₹986.20 crore, and total financial indebtedness stood at ₹1,000.69 crore as of the same date. The disclosure notes that the amounts are provisional and subject to confirmation, with certain unsettled lender amounts not yet reflected in the books.