BSEOthers30 Jul 2026 · 30 Jul 2026, 06:50 pm
Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....
Electrotherm (India) Ltd · 526608
✦ AI Summary▼ NegativeDebt Restruc.
Electrotherm (India) Ltd has disclosed a default on payment of interest/repayment of principal amount on loans from banks/financial institutions, with a total outstanding amount of Rs. 986.20 Crores as at 30th June, 2026.
Analysis Scores
Earnings Impact2/10
Growth Catalyst1/10
Governance Concern6/10
Regulatory Risk8/10
Balance Sheet Risk9/10
Liquidity Impact2/10
Market Sentiment1/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Electrotherm (India) Ltd - 526608 - Disclosures By Listed Entities Of Defaults On Payment Of Interest/ Repayment Of Principal Amount For Loans
Including Revolving Facilities Like Cash Credit From Banks / Financial Institutions
Attachments (1)
📄pdf
Download →
0b818848-70f8-47ac-87cd-fd9a1f03222a.pdf
View document text
( INDIA) LTD.
Ref. No.: EIL/SD/SEBI_Cir/Default/2026-2027/3007
Date: 30th July, 2026
To, To,
General Manager (Listing), Listing Department
BSE Ltd. National Stock Exchange of India Ltd.
Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra – Kurla Complex,
Dalal Street, Fort, Mumbai – 400 001 Bandra (East), Mumbai – 400 051
COMPANY CODE : 526608 COMPANY CODE : ELECTHERM
Dear Sir / Madam,
Sub: Disclosure of default on payment of interest / repayment of principal amount on
loans from Banks / Financial Institutions
With reference to above and pursuant to the SEBI Master Circular No. HO/49/14/14(7)2025-
CFD-POD2/I/3762/2026 dated 30th January, 2026, we enclose herewith disclosure of the
default on payment of interest / repayment of principal amount on loans from banks /
financial institutions as per Para 5.1. of Section V-B of the said SEBI Master Circular.
You are requested to please take the same on your record.
Thanking you,
Yours faithfully,
For Electrotherm (India) Limited
Amit Kumar Patwarika
Chief Financial Officer
Membership No.: A067311
ELECTROTHERM (India) Limited REGD. OFFICE:
502, Parshwa Tower, Opp. Tej Motors, Nr. Madhur Hotel,
HEAD OFFICE & WORKS: Sarkhej Gandhinagar Highway,
Survey No. 72, Palodia, (Via Thaltej, Ahmedabad), Gujarat-382115, India. Bodakdev, Ahmedabad – 380054
Phone: +91-2717-660550 Phone: +91-79-2717-660550
Email: ho@electrotherm.com│Website: www.electrotherm.com CIN : L29249GJ1986PLC009126
Email: sec@electrotherm.com
Other Offices: AngulBanglore Bangladesh Bellary Chennai Coimbatore Delhi Ghaziabad Goa Hyderabad Jaipur Jalna
Jalandhar Jamnagar Jamshedpur Kanpur Koderma Kolhapur Kolkata Ludhiana MandiGobindgarh Mumbai
Nagpur Nasik Panaji Pune Raipur Raigarh Rajkot Rourkela Sambalpur
( INDIA) LTD.
Disclosure of the default on payment of interest / repayment of principal amount on loans
from banks / financial institutions
Sr. Particulars Details
1. Name of the Listed entity Electrotherm (India) Limited
2. Date of making the 30-07-2026
disclosure
3. Nature of obligation Term Loan & Working Capital Loan
4. Name of the Lender(s) Invent Assets Securitisation & Reconstruction Private
Limited (assignee of debts of Allahabad Bank (now
Indian Bank) and Punjab National Bank)
5. Date of default 30-06-2026
6. Current default amount Principal – Rs. 40.00 Crores, due upto 30th June, 2026
(break-up of principal and Interest – Rs. 6.46 Crore, due upto 30th June, 2026
interest in INR crore)
7. Details of the obligation Principal (As per settlement with Invent ARC) –
(total principal amount in Rs. 180.00 Crores
INR Crore, tenure, interest Tenure – 11 years
rate, secured / unsecured Interest Rate - 11% p.a.
etc.)
Secured
8. Total amount of Rs. 986.20 Crore as at 30th June, 2026
outstanding borrowings
from Banks / financial
institutions (in INR crore)
9. Total financial indebtedness Rs. 1,000.69 Crore as at 30th June, 2026
of the listed entity including
short-term and long-term
debt (in INR crore)
Note:
1) The amount is as at 30th June, 2026 as per books of the Company on provisional basis
and is subject to confirmation from lender.
2) The Company has defaulted in repayment of loans to Financial Institutions as certain
banks have assigned their loans / debts to Assets Reconstruction Companies (ARC). The
Company has entered into settlement with ARC for payment of outstanding loans /
debts on certain terms and conditions. The total amount outstanding shown at Sr. No. 8
is the outstanding amount as per the Books of Accounts of the Company on provisional
basis (excluding uncharged interest) after deduction of settlement amount already paid
ELECTROTHERM (India) Limited REGD. OFFICE:
502, Parshwa Tower, Opp. Tej Motors, Nr. Madhur Hotel,
HEAD OFFICE & WORKS: Sarkhej Gandhinagar Highway,
Survey No. 72, Palodia, (Via Thaltej, Ahmedabad), Gujarat-382115, India. Bodakdev, Ahmedabad – 380054
Phone: +91-2717-660550 Phone: +91-79-2717-660550
Email: ho@electrotherm.com│Website: www.electrotherm.com CIN : L29249GJ1986PLC009126
Email: sec@electrotherm.com
Other Offices: AngulBanglore Bangladesh Bellary Chennai Coimbatore Delhi Ghaziabad Goa Hyderabad Jaipur Jalna
Jalandhar Jamnagar Jamshedpur Kanpur Koderma Kolhapur Kolkata Ludhiana MandiGobindgarh Mumbai
Nagpur Nasik Panaji Pune Raipur Raigarh Rajkot Rourkela Sambalpur
( INDIA) LTD.
upto the date of default i.e. 30th June, 2026 and are subject to confirmation from Banks
/ Financial Institutions.
3) The amount of outstanding borrowings from financial institutions shown at Sr. No. 8 &
9 does not include the interest of unsettled lender – Rare Asset Reconstruction Limited
(being assignee of Indian Overseas Bank) not provided in the books of accounts, after
the loan account has been classified as Non-Performing Assets (NPA) by such lender.
For Electrotherm (India) Limited
Amit Kumar Patwarika
Chief Financial Officer
Membership No.: A067311
ELECTROTHERM (India) Limited REGD. OFFICE:
502, Parshwa Tower, Opp. Tej Motors, Nr. Madhur Hotel,
HEAD OFFICE & WORKS: Sarkhej Gandhinagar Highway,
Survey No. 72, Palodia, (Via Thaltej, Ahmedabad), Gujarat-382115, India. Bodakdev, Ahmedabad – 380054
Phone: +91-2717-660550 Phone: +91-79-2717-660550
Email: ho@electrotherm.com│Website: www.electrotherm.com CIN : L29249GJ1986PLC009126
Email: sec@electrotherm.com
Other Offices: AngulBanglore Bangladesh Bellary Chennai Coimbatore Delhi Ghaziabad Goa Hyderabad Jaipur Jalna
Jalandhar Jamnagar Jamshedpur Kanpur Koderma Kolhapur Kolkata Ludhiana MandiGobindgarh Mumbai
Nagpur Nasik Panaji Pune Raipur Raigarh Rajkot Rourkela Sambalpur