Electrotherm Clarifies Volume Surge to BSE

Electrotherm (India) Limited responds to BSE surveillance inquiry regarding significant increase in trading volume, stating the surge is purely market driven with no specific company-related reasons identified.

Electrotherm India Reports Mixed Q2 Results with Revenue Growth but Faces Loan Default Issues

Electrotherm (India) Limited announced its quarterly results for the quarter and half year ended September 30, 2025. The company reported revenue from operations of Rs 814.26 crores for the quarter compared to Rs 813.68 crores in the same period last year. Net profit after tax was Rs 21.71 crores for the quarter versus Rs 46.20 crores in the previous year. However, the company defaulted on loan repayment of Rs 6.00 crores plus Rs 2.45 crores interest to Invent Assets Securitisation Reconstruction Private Limited, though the lender agreed to reschedule payments subject to 11% annual interest with full clearance required by December 31, 2025. The auditors qualified their opinion due to non-provision of interest on loan accounts classified as non-performing assets, with unprovided interest totaling Rs 988.94 crores as of the reporting date. The company has settled some previous loan obligations with Rare Asset Reconstruction Limited but reconciliation processes are ongoing.

Electrotherm India Reports Q2 Net Loss of 217M Rupees, Revenue Flat at 8B Rupees

Electrotherm India reported a Q2 net loss of 217 million rupees, an improvement from the previous year's loss of 463 million rupees. Revenue remained unchanged at 8 billion rupees compared to the same period last year. However, the company's EBITDA shifted from a gain of 675 million rupees in the previous year to a loss of 120 million rupees in Q2.

Electrotherm India Defaults on Rs 10.45 Crore Loan Payment to Asset Reconstruction Company

Electrotherm (India) Limited defaulted on loan payments totaling Rs 10.45 crore as of September 30, 2025. The default includes Rs 8 crore in principal and Rs 2.45 crore in interest owed to Invent Assets Securitisation & Reconstruction Private Limited, which acquired debts from Allahabad Bank (now Indian Bank) and Punjab National Bank. The company has a settlement agreement with the ARC for Rs 180 crore in principal over 11 years at 11% interest rate. Electrotherm's total outstanding borrowings from banks and financial institutions stand at Rs 1,091.66 crore, while total financial indebtedness reaches Rs 1,106.16 crore. The company has entered into settlement arrangements with asset reconstruction companies after banks assigned their loans to these entities.

Electrotherm India Appoints New Internal Auditor and Relocates Registered Office

Electrotherm (India) Limited's Board of Directors approved several key decisions during their October 24, 2025 meeting. The company appointed N R P S & Associates LLP as its new Internal Auditor effective November 15, 2025 through March 31, 2026, replacing RSM Astute Consultech Private Limited whose services will cease on October 31, 2025. The Board also approved shifting the company's registered office from Satellite Road to Bodakdev in Ahmedabad, effective November 1, 2025, to a property owned by Executive Vice Chairman Shailesh Bhandari. Additionally, the company acknowledged fines imposed by NSE and BSE on August 29, 2025 for non-compliance with board composition requirements during the quarter ended June 30, 2025, noting that the issue was resolved after appointing an additional director in April 2025.