Electrotherm Share Price Today

Electrotherm shareholders approve all 13 resolutions at 40th AGM

All 13 resolutions at Electrotherm's 40th AGM were approved with requisite majority. Shareholders adopted standalone and consolidated financial statements for FY26. Harish Mukati appointed as Whole Time Director and CEO; Davesh Khandelwal as WTD. Material related party transactions with four entities approved by public shareholders.

ED attaches ₹25.08 crore in Electrotherm bank accounts under PMLA

ED attached ₹25.08 crore in Electrotherm bank accounts under PMLA on September 25, 2026. Promoters Shailesh Bhandari and Mukesh Bhandari had equity shares totaling 13,57,775 units attached. Previous freezes included ₹34.29 crore in company accounts and ₹83.18 lakh in a promoter account. Alleged violation stems from a ₹81.97 crore loss claimed by Bank of India related to loan assignments.

Electrotherm promoters transfer 80,000 shares via off-market gift

Electrotherm promoters transferred 80,000 equity shares (0.63%) via off-market gift on September 10, 2026. The inter-se transfer was from Mr. Bhandari Rakesh to Mr. Suraj Shailesh Bhandari within the promoter group. Aggregate promoter holding remains unchanged at 29.87% following the transaction. 3,00,000 promoter shares remain under encumbrance as per the disclosure.

Electrotherm sets Sept 28 for 40th AGM; approves ₹950 crore RPTs

Electrotherm schedules its 40th AGM for September 28, 2026, via VC/OAVM. Proposes Harish Mukati as CEO and Davesh Khandelwal as Whole Time Director. Seeks approval for ₹950 crore related party transactions with Arvindbhai Steel. Independent Director Raj Kumar Bansal appointed for a five-year term. Cost auditor remuneration set at ₹2.25 lakh plus GST for FY27.

Electrotherm appoints Davesh Khandelwal as whole time director

Davesh Khandelwal appointed as Whole Time Director for three years. Rajesh Bhalchandra Patel named Non-Executive Non-Independent Director. Both appointments require shareholder ratification. Khandelwal brings over two decades of industry experience.

Electrotherm Q1 net profit falls 75% as EBITDA margin contracts to 2.46%

Electrotherm's Q1FY27 results show a 75% drop in standalone net profit to ₹6.86 crore, despite a 9.5% rise in consolidated revenue to ₹913.38 crore. EBITDA margins fell to 2.46% from 6.18%, driven by losses in the Special Steel and EV divisions. An auditor qualification notes that standalone profit is overstated by ₹40.46 crore due to unprovided NPA interest.