Electrotherm (India) Limited — Important, 11-02-2025: General Updates

**Company Update:**

Electrotherm (India) Limited has conducted a productive Board meeting where several key decisions were made. The company approved its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024. Standalone revenue from operations reached ₹1,081.23 crore, while net profit stood at ₹88.05 crore.

The Board also approved the issuance of 1,20,00,000 - 6% Non-Cumulative Redeemable Preference Shares (NCRPS) amounting to ₹12 crore to existing preference shareholders, contingent on necessary approvals. Furthermore, Mr. Amit Kumar Patwarika has been appointed as the new Chief Financial Officer, effective immediately.

On the operational front, the company is facing some financial strain with ongoing legal challenges, including actions by the Directorate of Enforcement related to accusations of money laundering. The current situation calls for close monitoring as it could impact the company’s financial stability and investor outlook. Despite challenges, the recent results indicate operational resilience, pointing to a cautious but potentially positive long-term outlook.