Electrotherm (India) Ltd (ELECTHERM) Announcements - Latest Exchange Filings with AI Summaries
Latest corporate announcements filed by Electrotherm (India) Ltd on NSE and BSE, with an AI summary of each filing.
Variation of powers of Ms. Shailesh Bhandari (DIN: 00058866), Managing Director designated as Executive Vice Chairman
Change in Management · 05 Nov 2026, 12:01 am
Electrotherm (India) Approves Q2 Results and Modifies Executive Powers Electrotherm (India) reported consolidated revenue from operations of ₹912.43 crore for Q2 ended 30th Sep'26, up 12.06% YoY from ₹814.26 crore, with a net loss of ₹19.97 crore versus a loss of ₹21.62 crore in Q2 FY26. Statutory auditors issued a qualified conclusion due to unprovided interest of ₹1,499.29 crore on NPA loans. Additionally, the board approved varying the managerial powers of Managing Director & Executive Vice Chairman Shailesh Bhandari effective 4th Nov'26 through 31st Jan'31, subject to shareholder approval via postal ballot.
Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended on 30th September, 2026
Financial Result · 04 Nov 2026, 11:51 pm
Electrotherm (India) Limited has submitted to the Exchange, the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 30th September, 2026.
Outcome · 04 Nov 2026, 11:46 pm
Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended on 30th September, 2026
Outcome · 04 Nov 2026, 11:40 pm
Electrotherm (India) Ltd - Financial Result for the Quarter ended 30th Sep'26 (Consolidated, INR Crore) ■ Revenue: 912 (+12.1% YoY | -0.1% QoQ) ■ EBITDA: -14.4 (-18.8% YoY | Profit to Loss QoQ) ■ EBITDA Margin (%): -1.6 (-9 bps YoY | Profit to Loss QoQ) ■ PAT: -20.0 (+7.6% YoY | Profit to Loss QoQ) ■ EPS (INR): -15.7 (+7.7% YoY | Profit to Loss QoQ) Electrotherm (India) Ltd - Financial Result for the Quarter ended 30th Sep'26 (Consolidated, INR Crore) Segmental Performance Engineering & Technologies Division ■ Revenue: 364 (+24.9% YoY | +26.2% QoQ) ■ EBIT: 23.8 (+45.1% YoY | +5.1% QoQ) ■ EBIT Margin (%): 6.5 (+91 bps YoY | -131 bps QoQ) Special Steel Division ■ Revenue: 542 (+5.4% YoY | -13.3% QoQ) ■ EBIT: -47.8 (-36.7% YoY | -491.8% QoQ) ■ EBIT Margin (%): -8.8 (-202 bps YoY | -754 bps QoQ) Electric Vehicle Division ■ Revenue: 10.8 (-26.1% YoY | +40.5% QoQ) ■ EBIT: -0.7 (+72.9% YoY | +58.9% QoQ) ■ EBIT Margin (%): -6.8 (+1180 bps YoY | +1651 bps QoQ) Others ■ Revenue: 0.0 ■ EBIT: 0.0 (+0.0% YoY | -50.0% QoQ) ■ EBIT Margin (%): 0.0
Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....
Others (Uncategorized) · 29 Oct 2026, 11:19 pm
Electrotherm (India) Discloses Rs. 59.81 Crore Debt Default to Invent ARC Electrotherm (India) reported a loan default of Rs. 59.81 cr as of 30th Sep'26, comprising Rs. 56.00 cr principal and Rs. 3.81 cr interest. The default relates to term and working capital loans assigned to Invent Assets Securitisation & Reconstruction Pvt Ltd (from Allahabad Bank and PNB), carrying a settled principal of Rs. 180.00 cr at an 11% p.a. interest rate. Total bank borrowings stood at Rs. 983.98 cr, while total financial indebtedness reached Rs. 997.42 cr as of 30th Sep'26.
ELECTROTHERM (INDIA) LIMITED has informed the Exchange about Board Meeting to be held on 04-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Half Yearly ended September 2026 .
Intimation · 04 Nov 2026, 5:30 am
To consider and approve the Unaudited Financial Results for the Quarter and Half Year ended 30th September, 2026
Intimation · 04 Nov 2026, 5:30 am
Electrotherm (India) Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve the Unaudited Standalone ....
Intimation · 04 Nov 2026, 5:30 am
Electrotherm (India) Schedules Board Meeting to Approve Q2 Results Electrotherm (India) Limited announced that its Board of Directors will meet on 4th Nov'26 to consider and approve the unaudited standalone and consolidated financial results for the quarter and half year ended 30th Sep'26. The trading window for dealing in company securities by designated persons and their immediate relatives has been closed since 1st Oct'26 and will remain closed until 48 hours after the financial results are submitted.
Voting Results of 40th Annual General Meeting pursuant to the Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Annual General Meeting · 29 Sept 2026, 10:09 pm
Proceedings of 40th Annual General Meeting (AGM) of the Company held on Monday, 28th September, 2026
Annual General Meeting · 28 Sept 2026, 6:57 pm
Update - Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Others (Uncategorized) · 26 Sept 2026, 11:14 pm
Electrotherm Discloses ED Provisional Attachment Order Under PMLA The Enforcement Directorate issued a Provisional Attachment Order under Section 5(1) of the PMLA on 25th Sep'26, attaching Rs. 25.08 Cr across two bank accounts of Electrotherm (India) Ltd., along with 6,98,275 equity shares held by Promoter Shailesh Bhandari and 6,59,500 shares held by Promoter Mukesh Bhandari. This follows earlier freezing of Rs. 34.29 Cr in company accounts and a Rs. 3.20 Cr FDR deposit linked to a CBI probe alleging a Rs. 81.97 Cr loss to Bank of India. Legal challenges remain pending.
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Suraj Shailesh Bhandari & Bhandari Rakesh
Acquisition/ Disposal of Shares · 10 Sept 2026, 6:40 pm
Electrotherm India Promoter Group Executes Inter-Se Share Transfer Via Gift Suraj Shailesh Bhandari acquired 80,000 equity shares (0.63% stake) of Electrotherm (India) Ltd. via an off-market inter-se gift from promoter Bhandari Rakesh on 10th Sep'26. Post-transaction, Suraj Shailesh Bhandari's holding increased from 0.64% (81,100 shares) to 1.26% (1,61,100 shares), while Bhandari Rakesh's stake decreased from 3.35% (4,27,319 shares) to 2.73% (3,47,319 shares). Aggregate promoter and promoter group shareholding remains unchanged at 29.87% (38,05,727 shares), with 3,00,000 shares under encumbrance.
40th Annual Report 2025-26
Others (Uncategorized) · 03 Sept 2026, 11:08 pm
Notice of 40th Annual General Meeting to be held on Monday, 28th September, 2026 at 10:00 a.m. through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
Annual General Meeting · 03 Sept 2026, 11:03 pm
Appointment of Mr. Rajesh Bhalchandra Patel (DIN: 02735027) as an Additional Director in the category of Non-Executive Non-Independent Director of the Company.
Change in Management · 26 Aug 2026, 6:36 pm
Electrotherm Appoints New Whole-Time and Non-Executive Directors On 26th Aug'26, Electrotherm's board approved two key appointments, subject to shareholder approval. Mr. Davesh Khandelwal was appointed as Additional and Whole Time Director for a three-year term from 26th Aug'26 to 25th Aug'29. He brings over 20 years of experience in power, steel, and marketing. Additionally, Mr. Rajesh Bhalchandra Patel was appointed as an Additional Non-Executive Non-Independent Director. Mr. Patel has 39 years of experience in the electrical and manufacturing industries. Both appointments are effective 26th Aug'26.
Appointment of Mr. Davesh Khandelwal (DIN: 02997266) as an Additional Director and Whole Time Director of the Company.
Change in Management · 26 Aug 2026, 6:33 pm
Electrotherm Appoints New Whole Time Director and Non-Executive Director Electrotherm (India) Ltd.'s board approved key appointments on 26th Aug'26. Mr. Davesh Khandelwal was named Additional Director and Whole Time Director for a three-year term from 26th Aug'26 to 25th Aug'29, subject to shareholder approval. He brings over two decades of experience in power, steel, and trade. Concurrently, Mr. Rajesh Bhalchandra Patel was appointed as an Additional Director in the Non-Executive Non-Independent category, effective 26th Aug'26. His appointment is also subject to shareholder approval.
Outcome of Board Meeting held on 26th August, 2026
Others (Uncategorized) · 26 Aug 2026, 6:27 pm
Electrotherm Appoints Two New Directors to Board Electrotherm (India) Ltd.'s Board approved two key appointments on 26th Aug'26. Mr. Davesh Khandelwal was named Additional and Whole-Time Director for a three-year term from 26th Aug'26 to 25th Aug'29. He brings two decades of experience in power, steel, and international trade. Additionally, Mr. Rajesh Bhalchandra Patel was appointed as an Additional Non-Executive Non-Independent Director, leveraging his 39 years of experience in the electrical manufacturing industry. Both appointments are effective 26th Aug'26, subject to shareholder approval.
Allotment of 1,09,50,000 6% Non-Cumulative Redeemable Preference Shares of Rs. 10/- to the existing preference shareholder, pursuant to Hon''ble NCLT Order
Others (Uncategorized) · 14 Aug 2026, 9:28 pm
Electrotherm Board Approves Q1FY27 Results and Preference Share Allotment Electrotherm's Board on 14th Aug'26 approved Q1FY27 results and the allotment of 1.09 crore 6% Non-Cumulative Redeemable Preference Shares at Rs. 10 each, pursuant to an NCLT order. Standalone Q1 PAT was Rs. 6.86 crore, down from Rs. 27.67 crore YoY, on revenue of Rs. 913.38 crore (+9.5% YoY). The auditor issued a qualified opinion, noting Q1 profit is overstated by Rs. 40.46 crore due to non-provision of interest on NPA accounts. Total understated liability stands at Rs. 1,106.59 crore.
Unaudited Standalone and Consolidated Financial Results for the quarter ended on 30th June, 2026
Financial Result · 14 Aug 2026, 9:09 pm
Electrotherm (India) Ltd - Financial Result for the Quarter ended 30th Jun'26 (Consolidated, INR Crore) ■ Revenue: 913 (+9.5% YoY | -19.9% QoQ) ■ EBITDA: 22.4 (-56.7% YoY | -8.6% QoQ) ■ EBITDA Margin (%): 2.5 (-375 bps YoY | +30 bps QoQ) ■ PAT: 6.9 (-75.0% YoY | -49.2% QoQ) ■ EPS (INR): 5.44 (-75.0% YoY | -12.3% QoQ) Electrotherm (India) Ltd - Financial Result for the Quarter ended 30th Jun'26 (Consolidated, INR Crore) Segmental Performance Engineering & Technologies Division ■ Revenue: 288 (+31.2% YoY | -29.8% QoQ) ■ EBIT: 22.6 (+49.3% YoY | +480.5% QoQ) ■ EBIT Margin (%): 7.9 (+95 bps YoY | +691 bps QoQ) Special Steel Division ■ Revenue: 625 (+2.3% YoY | -14.2% QoQ) ■ EBIT: -8.1 (Profit to Loss YoY | Profit to Loss QoQ) ■ EBIT Margin (%): -1.3 (Profit to Loss YoY | Profit to Loss QoQ) Electric Vehicle Division ■ Revenue: 7.7 (+5.8% YoY | -30.1% QoQ) ■ EBIT: -1.8 (+45.5% YoY | -81.8% QoQ) ■ EBIT Margin (%): -23.3 (+2192 bps YoY | -1437 bps QoQ) Others ■ Revenue: 0.0 ■ EBIT: 0.0 (+0.0% YoY | +0.0% QoQ) ■ EBIT Margin (%): 0.0
Unaudited Standalone and Consolidated Financial Results for the quarter ended on 30th June, 2026
Outcome · 14 Aug 2026, 9:05 pm
Electrotherm (India) Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve the Unaudited Standalone ....
Intimation · 14 Aug 2026, 5:30 am
Electrotherm (India) Board Meeting Scheduled for Q1FY27 Results Electrotherm (India) Ltd. has scheduled a Board of Directors meeting for 14th Aug'26. The agenda includes the consideration and approval of the unaudited standalone and consolidated financial results for the quarter ended 30th Jun'26. The trading window for designated persons has been closed since 01st Jul'26 and will reopen 48 hours after the results are submitted to the exchanges.
Update - Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Others (Uncategorized) · 04 Aug 2026, 10:02 pm
Enforcement Directorate Files PMLA Complaint Against Electrotherm and Promoters On 03 Aug'26, Electrotherm (India) Ltd. received a complaint filed by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA). The complaint, filed before the PMLA Special Court in Ahmedabad, names the company, Promoter & Executive Vice Chairman Mr. Shailesh Bhandari, and Promoter & Ex-Chairman Mr. Mukesh Bhandari. This follows an ED investigation related to a Bank of India complaint and frozen bank accounts. The company's legal challenges against the account freeze and the ED's case remain pending.
Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....
Others (Uncategorized) · 31 Jul 2026, 12:20 am
Electrotherm (India) Discloses Default on Loan Repayments Electrotherm (India) Ltd. disclosed a default on loan payments, effective 30th Jun'26, as reported on 30th Jul'26. The default pertains to a Term Loan and Working Capital Loan from Invent Assets Securitisation & Reconstruction. The current defaulted amount is Rs. 40.00 crore in principal and Rs. 6.46 crore in interest. As of 30th Jun'26, the company's total outstanding borrowings stood at Rs. 986.20 crore, with total financial indebtedness at Rs. 1,000.69 crore. The original secured principal from the lender was Rs. 180.00 crore.
Update - NCLT Order - Issuance and allotment of Preference Shares under Section 55(3) of the Companies Act, 2013
Others (Uncategorized) · 22 Jul 2026, 9:34 pm
Electrotherm Gets NCLT Approval for Preference Share Issuance On 21st Jul'26, the NCLT Ahmedabad Bench permitted Electrotherm to issue 1,09,50,000 6% Non-Cumulative Redeemable Preference Shares (NCRPS) of Rs. 10 each to five consenting shareholders. This issuance against existing unredeemed preference shares will have a redemption period of two to twenty years. Upon allotment, the old shares are deemed redeemed. The company will also redeem 10,50,000 preference shares of Rs. 10 each held by the non-consenting shareholder, Ahmedabad Aviation and Aeronautics Limited. This action does not alter share capital.
Appointment of Mr. Harish Mukati (DIN: 03214401), Chief Executive Officer (Steel Division)of the Company as an Additional Director and Whole Time Director & Chief Executive Officer of the Company
Change in Management · 20 Jul 2026, 7:26 pm
Electrotherm Appoints New Independent Director and Elevates Steel CEO to Board Electrotherm (India) announced two key appointments at its Board Meeting on 20th Jul'26. Mr. Raj Kumar Bansal, with 40 years of banking and ARC experience and former CEO of Edelweiss ARC, joins as a Non-Executive Independent Director for a five-year term until 19th Jul'31. Additionally, Mr. Harish Mukati, the current CEO of the Steel Division, was appointed as an Additional Director and promoted to Whole-Time Director & Chief Executive Officer of the Company for a three-year term, effective until 19th Jul'29.