Electrotherm (India) ED Probe / Tax Survey
Electrotherm (India) reported that the Directorate of Enforcement issued a provisional attachment order, freezing ₹25.08 Crore in company bank accounts on September 25, 2026.
- Value
- ₹25.08 Cr
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Electrotherm (India) reported that the Directorate of Enforcement issued a provisional attachment order, freezing ₹25.08 Crore in company bank accounts on September 25, 2026.
Promoter Suraj Shailesh Bhandari acquired 80,000 equity shares of Electrotherm (India) Ltd via an off-market gift transaction on September 10, 2026.
Promoter Bhandari Rakesh gifted 80,000 shares to promoter Suraj Bhandari in an off-market inter-se transfer. No change in aggregate promoter holding; 3,00,000 promoter shares remain pledged.
Electrotherm (India) Ltd submitted its 40th Annual Report for the financial year ended 31st March, 2026, including notice of the 40th Annual General Meeting.
Electrotherm (India) Ltd issued the notice for its 40th Annual General Meeting, scheduled for September 28, 2026, via video conferencing to transact business.
Electrotherm (India) Limited appointed Mr. Davesh Khandelwal as Whole Time Director for three years. Mr. Rajesh Bhalchandra Patel also joined as a Non-Executive Director.
Electrotherm (India) allotted 1.095 Crore Non-Cumulative Redeemable Preference Shares to existing shareholders. This action aligns with a deemed redemption under NCLT order.
Electrotherm (India) Ltd reported revenue from operations of ₹913.4 Cr (+9.5% YoY) and net profit of ₹6.9 Cr (-75.2% YoY) for Q1 FY27.
Electrotherm (India) Limited will hold a board meeting on August 14, 2026, to approve the standalone and consolidated financial results for the quarter ending June 30, 2026.
Electrotherm (India) reported that the Enforcement Directorate has filed a formal complaint against the company and its promoters under PMLA provisions.
Electrotherm (India) Ltd reported a loan default totalling ₹46.46 Crore, including ₹40.00 Crore principal and ₹6.46 Crore interest, outstanding as of June 30, 2026.
Electrotherm (India) Ltd received NCLT approval to issue 1.095 Crore preference shares and redeem 1.05 million shares, totaling a ₹12 Crore preference share restructuring exercise.
Electrotherm (India) Ltd appointed Mr. Raj Kumar Bansal as a Non-Executive Independent Director and Mr. Harish Mukati as a Whole Time Director.
Electrotherm (India) promoters announced an inter-se transfer of 809,500 shares and a gift of 201,525 shares. These transactions follow a Family Settlement Agreement.