40th Annual Report 2025-26

( INDIA) LTD. Ref. No. : EIL/SD/40th AR/2026-2027/0309 Date : 03rd September, 2026 To, To, General Manager (Listing) Listing Department BSE Ltd. National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra – Kurla Complex, Dalal Street, Fort, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 COMPANY CODE : 526608 COMPANY CODE : ELECTHERM Dear Sir / Madam, Sub: Submission of Annual Report for the Financial Year ended on 31st March, 2026 Pursuant to Regulation 34(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations, 2015”), please find attached herewith 40th Annual Report for the financial year ended on 31st March, 2026 alongwith the notice of 40th Annual General Meeting and Statement on Impact of Audit Qualifications, which is being sent to the members through electronic means as per the circulars of the Ministry of Corporate Affairs and SEBI LODR Regulations, 2015. You are requested to kindly take the same on your record. Thanking you, Yours faithfully, For Electrotherm (India) Limited Fageshkumar R. Soni Company Secretary & Compliance Officer Membership No.: F8218 Encl: As above ELECTROTHERM (India) Limited REGD. OFFICE: 502, Parshwa Tower, Opp. Tej Motors, Nr. Madhur HEAD OFFICE & WORKS: Hotel, Sarkhej Gandhinagar Highway, Survey No. 72, Palodia, (Via Thaltej, Ahmedabad), Gujarat-382115, India. Bodakdev, Ahmedabad – 380054 Phone: +91-2717-660550 Phone: +91-2717-660550 Email: ho@electrotherm.com│Website: www.electrotherm.com CIN : L29249GJ1986PLC009126 Email: sec@electrotherm.com Other Offices: AngulBanglore Bangladesh  Bellary  Chennai  Coimbatore  Delhi  Ghaziabad  Goa  Hyderabad  Jaipur Jalna Jalandhar  Jamnagar  Jamshedpur  Kanpur Koderma Kolhapur  Kolkata  Ludhiana MandiGobindgarh Mumbai  Nagpur  Nasik Panaji Pune  Raipur Raigarh Rajkot  Rourkela Sambalpur ELECT R R □ THE rrl®(INDIA) LTD. Statement on Impact of Audit Qualifications (for audit report with modified opinion) submitted along-with Annual Audited Financial Results Statement on Impact of Standalone Audit Qualifications for the Financial Year ended 31st March, 2026 (See Regulation 33 of the SEBI (LODR) (Amendment) Regulations, 2016) I. Sr. Particulars Audited Figures Audited Figures No. (as reported (as reported after before adjusting adjusting for . for qualifications) qualifications) (Rs. In Crores) (Rs. In Crores) 1. Turnover/ Total Income 3696.54 3696.54 2. Total Expenditure 3716.35 3865.96 3. Exceptional Item (Loss) (3.62) (3.62) 4. Deferred Tax Assets (Net) 7.25 7.25 5. Net Profit /(Loss) {16.18) (165.79) 6. Earnings Per Share after Exceptional Item (12.70) (130.13) 7. Total Assets 1991.48 1991.48 8. Total Liabilities 2100.54 3166.66 9. Net Worth (109.06) (1175.18) 10. Any other financial item(s) (as felt Not Applicable appropriate by the management) II. Audit Qualification (each audit qualification separately) a. Details of Audit Qualification Non-provision of interest on · Non- Performing Assets (NPA) account of Rare Asset Reconstruction Limited (being debt assignee of Indian Overseas Bank) of Rs.149.61 Crore for the year under consideration and the total amount of such unprovided interest till date is Rs. 1066.12 Crore. b. Type of Audit Qualification : Qualified Opinion Qualified Opinion / Disclaimer of Opinion / Adverse Opinion C. Frequency of qualification : Repetitive (Since Financial Year 2011-12) Whether appeared first time / repetitive / since how long continuing --- \i\\caHon ~ ---u 1,:-,,. ,._'o~:'-l-'?l<AK4$~/~~~ ,o r-... .j -i ,. --- , 1~~ 4.{ ,/Mt. ~ IP !!~ :! l'I;'( -!. ~ ·t- -~ g D 840 '"' • • • ~ ~ REGD. OFFICE: % P · ;}; ... I ROTH ERM (India) L1m1ted -.~ . ~~';; 502, Parshwa Tower, Opp TeJ Motors, Nr. Madhur Hotel, '?,;:;;;. 'tJA~~'_f:; lJ OFFICE & WORKS ~ Sarkhej Gandhinagar Highway, i'q~~"' ey No. 72, Palodia, (Via Thaltej, Ahmedabad), GuJarat-382115, lndi~ Bodakdev, Ahmedabad - 380054 nPurpci hone: +91-2717-660550 Phone: +91-79-2717-660550 Email: ho@electrotherm.comIWebsite:www.electrotherm.com CIN: L29249GJ1986PLC009126 Email: sec@electrotherm.com Other Offices: •Angul•Banglore• Bangladesh • Bellary • Chennai • Coimbatore • Delhi • Ghaziabad • Goa • Hyderabad • Jaipur •Jalna• Jalandhar • Jamnagar • Jamshedpur • Kanpur •Koderma• Kolhapur • Kolkata • Ludhiana •MandiGobindgarh• Mumbai • Nagpur• Nasik •Panaji• Pune • Raipur •Raigarh• Rajkot • Rourkela •Sambalpur ELECT R R □ THE ITl®(INDIA) LTD. d. For Audit Qualification(s) where the impact The loan account of the Company has been is quantified by the auditor, Management's classified as Non-Performing Assets (NPA) views by Rare Asset Reconstruction Limited (being debt assignee of Indian Overseas Bank) and said bank/ ARC has not charged interest on the said account and therefore provision for interest has not been made in the books of account. The quantification has been done only for the loan which has not been settled. e. For Audit Qualification(s) where the impact Not Applicable is not quantified by the auditor (i) Management's estimation on the impact of audit qualification: (ii) If management is unable to estimate the impact, reasons for the same: Not Applicable (iii) Auditor's Comments on (i) or (ii) above: 111. Signatories For Electrotherm {India) Limited For Hitesh Prakash Shah & Co. Chartered Accountants ICAI Firm Registration No. 127614W Suraj Bhandari Managing Director -lhYf'P' DIN: 07296523 CA Akshit R Sha \Jo/. Partner °"'\.:,Amit Kumar Patwarika Membership N . c'hief Financial Officer Membership No.: A067311 &?ikan Chairman - Audit Committee DIN:03536047 Place : Palodia Date: May 21,2026 ELECTROTHERM {India) Limited REGO. OFFICE: 502, Parshwa Tower, Opp. Tej Motors, Nr. Madhur Hotel, HEAD OFFICE & WORKS: Sarkhej Gandhinagar Highway, Survey No. 72, Palodia, (Via Thaltej, Ahmedabad), Gujarat-382115, India. Bodakdev, Ahmedabad - 380054 Phone: +91-2717-660550 Phone: +91-79-2717-660550 Email: ho@electrotherm.com Website: www.electrotherm.com GIN: L29249GJ1986PLC009126 Email: sec@electrotherm.com Other Offices: •Angul•Banglore• Bangladesh • Bellary • Chennai • Coimbatore • Delhi • Ghaziabad • Goa • Hyderabad • Jaipur •Jalna• Jalandhar • Jamnagar • Jamshedpur • Kanpur •Koderma• Kolhapur • Kolkata • Ludhiana •MandiGobindgarh• Mumbai • Nagpur• Nasik •Panaji• Pune • Raipur •Raigarh• Rajkot • Rourkela •Sambalpur EL E TR THE R ITl®(INDIA) LTD. Statement on Impact of Audit Qualifications (for audit report with modified opinion) submitted along-with Annual Audited Financial Results Statement on Impact of Consolidated Audit Qualifications for the Financial Year ended 31st March, 2026 (See Regulation 33 of the SEBI (LODR) (Amendment) Regulations, 2016) I. Sr. Particulars Audited Figures Audited Figures No. (as reported before (as reported after adjusting for adjusting for qualifications) qualifications) (Rs. In Crores) (Rs. In Crores) 1. Turnover/ Total Income 3697.12 3697.12 2. Total Expenditure 3716.66 3911.65 3. Exceptional Item (Income) (3.62) (3.62) 4. Deferred Tax Assets (Net) 7.25 7.25 5. Share of Proft of Joint Venture 0.25 0.25 6. Net Profit (15.66) (210.65) 7. Earnings Per Share after Exceptional Item (12.29) (165.35) 8. Tota I Assets 2012.68 2012.68 9. Total Liabilities 2166.56 3574.20 10 Net Worth (153.88) (1561.52) 11. Any other financial item(s) (as felt Not Applicable appropriate by the management) 11. Audit Qualification (each audit qualification separately) a. Details of Audit Qualification Non-provision of interest on Non-Performing Assets (NPA) accounts of banks of Rs.194.99 Crore for the year under consideration and the total amount of such unprovided interest till date is Rs. 1407.64 Crore. b. Type of Audit Qualification : Qualified Opinion Qualified Opinion/ Disclaimer of Opinion/ Adverse Opinion C. Frequency of qualification : Repetitive (Since Financial Year 2011-12) Whether appeared first time/ repetitive/ since how long continuing d. For Aud [Showing first 8,000 characters — download PDF for full document]