MT Educare Limited — Important, 30-07-2025: Updates

MT Educare has disclosed defaults on principal and interest payments to Prudence ARC and Axis Bank. The current defaulted amount totals 32.35 Cr, with 20.19 Cr owed to Prudence ARC and 12.16 Cr to Axis Bank. The company, which is undergoing a Corporate Insolvency Resolution Process, also faces invoked corporate guarantees amounting to 23.99 Cr from Axis Bank (7.3 Cr) and Prudence ARC (16.69 Cr) for its subsidiaries. This signals continued financial distress and significant liabilities.