Electrotherm (India) Limited — Others, 29-07-2025: Change in Management

Electrotherm (India) Ltd. has released its financial results for the quarter ended June 30, 2025, reporting a consolidated net profit of Rs 27.75 Cr. Auditors, however, highlighted a significant qualification: the consolidated net profit is overstated by Rs 46.50 Cr due to unprovided interest on non-performing asset accounts, indicating substantial financial liabilities of Rs 1259.15 Cr. The Board has re-appointed Mr. Shailesh Bhandari as Executive Vice Chairman and Mr. Suraj Bhandari as Managing Director for five-year terms, pending shareholder approval. The company also plans to reclassify its Rs 78.59 Cr authorized share capital and approved a Rs 75.00 Cr technical consultancy agreement, a related party transaction for business enhancements.