MT Educare Limited — Important, 29-05-2025: Updates

MT Educare remains under Corporate Insolvency Resolution Process with outstanding borrowings of INR 32.33 Cr from Prudence ARC and Axis Bank. Defaults on term loans and overdraft facilities, along with invoked corporate guarantees on subsidiary loans, add to financial strain. Resolution efforts continue with creditor claims under verification, indicating ongoing credit stress and operational challenges for the company.