Electrotherm (India) Limited — Important, 30-04-2025: Defaults on Payment of Interest/Principal

Electrotherm (India) Limited has disclosed a default in payments to banks and financial institutions, reporting an interest default of ₹3.19 Crores to Rare Assets Reconstruction Limited and a principal default of ₹6.00 Crores with an additional interest of ₹2.83 Crores owed to Invent Assets Securitisation & Reconstruction Private Limited. The company's total outstanding borrowings from financial institutions are ₹1211.23 Crores, leading to total financial indebtedness of ₹1225.73 Crores. These financial challenges are significant for shareholders as they directly affect the company's financial health and repayment capabilities.