Electrotherm (India) Limited — Others, 11-02-2025: Appointment

Electrotherm (India) Limited's Board has approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024, reporting revenue from operations of ₹1,081.23 crore and a net profit of ₹88.05 crore. The company plans to issue 1.2 crore 6% Non-Cumulative Redeemable Preference Shares worth ₹12 crore, pending approvals. Mr. Amit Kumar Patwarika has been appointed as Chief Financial Officer. This strategic move may improve financial governance and operational oversight, potentially enhancing investor confidence despite existing challenges related to debt and regulatory scrutiny.