Electrotherm (India) Limited — Board Meeting, 29-07-2025: Outcome of Board Meeting

Electrotherm (India) Ltd. reported Q1 FY26 consolidated revenue of ₹834.05 Cr and net profit of ₹27.75 Cr. *Auditors qualified results, noting profit is overstated by ₹46.50 Cr and loan liabilities understated by ₹1259.15 Cr from unprovided interest on NPA accounts. Material uncertainty also flagged for some subsidiaries/JVs' continued operations.*

The board re-appointed Mr. Shailesh Bhandari (Executive Vice Chairman) and Mr. Suraj Bhandari (MD) for five years (shareholder nod awaited). Key approvals included reclassifying share capital to convert preference shares to equity, and a ₹75 Cr technical consultancy deal over two years with a promoter-group firm.