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India
Reported ownership for FY2027-Q1 as of 2026-06-30.
As of 01 Oct 2026, 03:30 pm
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price remains materially below a previous peak
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Latest complete financial results and comparative quarterly trends.
Disclosed bulk and block transactions involving ELECTHERM, shown for the latest 90 days.
Exchange disclosures and regulatory announcements for ELECTHERM.
Electrotherm (India) Limited has submitted the Exchange a copy Srutinizers report of 40th Annual General Meeting held on 28 September, 2026. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting
Electrotherm (India) Limited held its 40th Annual General Meeting on 28th September 2026 via video conferencing. Shareholders voted on resolutions including the adoption of audited financials for the year ended 31st March 2026, the re-appointment of Mr. Suraj Bhandari, and the appointment of Mr. Raj Kumar Bansal as an Independent Director, Mr. Rajesh Patel as a Non-Executive Non-Independent Director, and Mr. Harish Mukati and Mr. Davesh Khandelwal as Whole Time Directors. Resolutions also approved material related party transactions with Arvindbhai Steel Private Limited, Powertrans Electric Co. Private Limited, Emnis Systems Private Limited, and Powertrans Electro Control.
Electrotherm (India) Limited notified stock exchanges on September 5, 2026, regarding the publication of a newspaper advertisement in Financial Express on September 4, 2026, announcing its 40th Annual General Meeting. The filing, signed by Company Secretary Fageshkumar R. Soni, confirms compliance with the Companies Act, 2013, to inform shareholders about the meeting and E-Voting details.
Electrotherm (India) Limited's 40th Annual General Meeting will be held on September 28, 2026, via video conference. Key agenda items include adopting audited financials for FY ended March 31, 2026, re-appointing director Suraj Bhandari, appointing Raj Kumar Bansal as Independent Director until July 19, 2031, and appointing Rajesh Bhalchandra Patel as Non-Executive Non-Independent Director. The meeting also seeks approval for material related party transactions: INR 7.5 billion and INR 2 billion with Arvindbhai Steel Private Limited, INR 135 million with Powertrans Electric Co. Private Limited, INR 100 million with Emnis Systems Private Limited, and INR 270 million with Powertrans Electro Control.
Electrotherm (India) Limited announced its 40th Annual General Meeting scheduled for September 28, 2026, to approve the appointment of Raj Kumar Bansal as an Independent Director and Harish Mukati and Davesh Khandelwal as Whole Time Directors with fixed tenures and monthly salaries of Rs. 8,38,010 and Rs. 7,83,334 respectively. The meeting also seeks shareholder approval for material related party transactions aggregating up to Rs. 950 Crore with Arvindbhai Steel Private Limited and smaller limits with Powertrans Electric Co., Emnis Systems, and Powertrans Electro Control for the financial year 2026-27. Additionally, the company proposed ratifying a cost auditor remuneration of Rs. 2,25,000 plus GST for M/s. V. H. Savaliya & Associates for the fiscal year ending March 31, 2027.
Electrotherm (India) Limited disclosed on September 3, 2026, that its Holding Company defaulted on multiple loans totaling over Rs. 1,500 Crore assigned to Rare Asset Reconstruction Limited and Edelweiss ARC, with a specific settlement agreement for the Edelweiss debt requiring payments through March 15, 2026. While the company reported a liability reduction of Rs. 23.45 crore following full repayment of a settled Dena Bank loan in FY 2025, it remains in default on an outstanding installment of Rs. 15.79 Crore due under the Edelweiss restructuring plan as of the filing date. The filing also noted a loss per share of Rs. 9.45 for the year ended March 31, 2026, alongside significant credit risk exposure from a single customer accounting for 8.80% of net revenue.
Electrotherm (India) Limited appointed Mr. Davesh Khandelwal as Executive Director and Mr. Rajesh Bhalchandra Patel as Non-Executive Non-Independent Director effective August 26, 2026, following a board meeting held that day. Mr. Khandelwal's appointment carries a 36-month term, while Mr. Patel's appointment has no specified term duration. Both individuals were confirmed to have no existing relationships with other directors and are not debarred from holding office.
Electrotherm (India) Ltd. published its unaudited financial results for the quarter ended June 30, 2026, in the Financial Express (English & Gujarati edition) on August 15, 2026, as per SEBI regulations. The company also announced a 30th Annual General Meeting on September 3, 2026, at 11:00 AM IST, with a book closure from August 28 to September 3, 2026. Additionally, the filing includes a notice for a meeting of unsecured creditors on September 3, 2026, at 10:00 AM IST, under the Insolvency and Bankruptcy Code, 2002, referencing a default of Rs. 20,39,587 on a loan of Rs. 23,23,080.
Comprehensive Section Breakdown for ELECTHERM
This segment focuses on providing equipment and solutions for the steel and foundry industries, including furnaces, induction heating equipment, and end-to-end steel industry solutions. It also offers pre and post-sales services.
Key Products & Services: Furnaces for steel, alloy steel, and stainless steel • Equipment for heat treatment applications • Steel Plants equipment • Foundries equipment • Induction Heating and Hardening equipment • End-to-end steel industry solutions • Medium Frequency Induction Furnaces • DC Arc Furnaces • 12 Pulse Furnaces • Induction-based heating equipment • Metal Refining Konvertors (AOD) • Submerged Arc Furnaces • Electrotherm Refining Furnaces (LRF) • Coal-based Direct Reduced Iron making plants • Modular Casters • Bullet Casters • IGBT Based furnace systems • Air pollution control equipment systems • Scrap Feeders • Pokers
This segment is involved in the manufacturing of steel products, including TMT bars, and ductile iron pipes for water and sewage applications. It operates an integrated manufacturing facility.
Key Products & Services: TMT bars (including BIS approved Epoxy Coated TMT Bars) • Ductile iron pipes (centrifugally cast, spun, socket & spigot for water and sewage applications) • ET TMT BARS • Epoxy TMT Bars • Cut & Bend Products
This segment manufactures and sells affordable, high-quality battery-operated vehicles, primarily focusing on the two-wheeler segment under the YoBykes brand. It emphasizes after-sales service and customer reach through a dealer network.
Key Products & Services: High-quality, affordable electric vehicles (e-bikes) • Battery-operated two-wheelers • After-sales service
Electrotherm Solar offers solar photovoltaic (PV) solutions for both rooftop and ground-mounted installations, catering to industrial and commercial sectors. The division is a pioneer in rooftop solar installations.
Key Products & Services: Solar PV rooftop solutions • Solar PV ground-mounted solutions
This segment designs and manufactures highly efficient transformers with advanced technology to control harmonics and noise, serving the heavy engineering and power distribution sectors. It provides application engineering and post-commissioning customer care.
Key Products & Services: Highly efficient Transformers designed to control generation of harmonics and noise • Industrial solutions involving application engineering
This segment is involved in the manufacturing of transmission line towers.
Key Products & Services: Transmission line towers
• ISO 9001:2015 certified
• Market leader in metal melting industries in India and globally
• Principle of servicing customers 'any time anywhere' enabling global presence
• Long-standing presence since 1983
• Customer-centric approach
• Renowned for supplying sturdy and highly efficient plant & machinery
• Extensive global reach (over 72 countries across Asia, Middle-East, and Africa)
• Significant installation base (over 7000 furnaces in India, over 800 worldwide)
• Expertise in EPC / turnkey solutions
• Western India's first fully integrated manufacturing facility (Steel & Pipes)
• Superior manufacturing process
• State-of-the-art technology
• Locational advantage for international clients due to proximity to ports
• Integrated facility for BIS approved Epoxy Coated TMT Bars
• Over 35 years of experience in 'Power Electronics'
• In-house R&D facility (Electric Vehicles)
• Established technical know-how
• Extensive dealer network for customer reach and after-sales service
• Proven track record with over one lakh customers and recognized as the largest selling electric vehicle manufacturer in India
• Pioneer in setting up solar plants over factory rooftops and commercial buildings
• Focus on highest power generation per kW
• Exceptional after-sales service
• 200+ installations completed (Renewables)
• Commitment to greatest quality engineering and reliability
• Seamless customer experience
• Application engineering expertise (Transformers)
• Continuous striving for industrial solutions with efficient transformers
• Superior technology for controlling harmonics and noise
• Proactive customer care and site visits
• Extensive experience (last 2 decades) with prestigious clients
• Effective quality assurance plan
• Customer First attitude
• Technology right-sized for process efficiency and product performance
• In-house manufacturing of critical customized parts under stringent quality control
• Just-In-Time delivery management
• Zero downtime objective for installed equipment servicing
• Extensive global service network (72 countries)
• Over 65% market share in induction melting equipment for steelmaking in India
• Leading TMT brand in Gujarat
• Leading manufacturer of DI Pipe in India
• Pioneer in battery-operated two-wheelers in India
• Engineering and manufacturing excellence since 1983
• Development of country's first 3 Ton Medium Frequency Induction Furnace for steel making
• Development of various furnace capacities and technologies
• Execution of turnkey projects
• Development of specialized equipment for productivity improvement
• Refined Steel TMT bars from LRF technology
• Development of digital technology for steel melting and foundry applications
• Indigenous development of technology (e.g., India's 1st DC Arc Furnace)
• Contribution to industrial development in India
• Eminence in the field of Engineering
• Contribution in the field of Electrical Sciences & Technology
• Adherence to best industrial practices
• Adoption of best technologies
• Investment in greener initiatives
• Focus on sustainable development integrated into the business model
• Commitment to long-term social responsibility over one-time acts