Electrotherm (India) Limited — Others, 14-08-2025: Shareholders meeting

Electrotherm (India) Limited will hold its 39th Annual General Meeting virtually to approve several significant proposals. Key agenda items include adopting the financial results for FY25 and re-appointing Mr. Shailesh Bhandari and Mr. Suraj Bhandari as Managing Directors for five-year terms. Their proposed annual remuneration would be up to Rs. 12 Crore and Rs. 10.8 Crore, respectively. However, no remuneration has been paid recently due to loan defaults, and payments are contingent on bank approvals or default cessation. Shareholders will also consider ratifying the cost auditor's remuneration of Rs. 2.25 lakh and appointing a secretarial auditor. Critically, the company plans to reclassify Rs. 28.59 Crore of partially convertible preference shares into equity shares, aiming to simplify its capital structure and facilitate future equity issuance.