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MT Educare Ltd ( (IN:MTEDUCARE) ) has shared an update.
MT Educare Limited, currently under Corporate Insolvency Resolution Process since December 2022, has disclosed defaults on repayment of principal and interest on term loans, overdraft facilities, and corporate guarantees. The company’s secured borrowings from Prudence ARC and Axis Bank total about Rs 32.33 crore, all secured, with additional invoked corporate guarantees linked to Sri Gayatri Education Society and Lakshya Forum for Competitions.
The disclosure indicates current defaults on principal and interest aggregating to significant sums, with defaults dating back to March 2021 and formally noted as of February 28, 2026. Claims from secured financial creditors are under verification within the insolvency framework, while a large claim by Shamrao Vithal Co-op Bank based on an uninvoked guarantee has been rejected by the resolution professional and is pending final appellate adjudication, underscoring ongoing uncertainty for lenders and other stakeholders.
More about MT Educare Ltd
MT Educare Limited is an Indian education services company that provides coaching and tutorial services, primarily for school, college, and competitive examinations. The company operates through a network of centres and has historically focused on urban markets such as Mumbai and other key cities, positioning itself as an organized player in the supplementary education segment.
Average Trading Volume: 3,740
Technical Sentiment Signal: Sell
Current Market Cap: 93.17M INR
Find detailed analytics on MTEDUCARE stock on TipRanks’ Stock Analysis page.