Update - Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

( INDIA) LTD. Ref. No. : EIL/SD/Regl-30/2025-2026/2609 Date : 26th 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:- Update - Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: This is in reference to our letter dated 17th January, 2025, 31st January, 2025, 18th June, 2025, 5th February, 2026 and 4th August, 2026, informing about the search conducted by Directorate of Enforcement, Zonal Office, Ahmedabad (ED) related to complaint by Bank of India, freezing of bank accounts of the Company and Mr. Shailesh Bhandari, permission to operate the bank accounts as per the orders passed by Hon’ble Gujarat High Court, release of seized car on submission of Fixed Deposit Receipt (FDR) in favour of ED, complaint filed by ED under Section 44(1)(b) read with Section 45(1) under the provisions of Prevention of Money Laundering Act, 2002 (“PMLA”) before the Hon’ble Special Court for PMLA Cases at Ahmedabad, notices issue under Section 233 of the Bharatiya Nagarik Suraksha Sanhita 2023 (“BNSS”) for hearing on cognizance and provided the copy of said compliant. This is to further inform that, in additional to earlier proceedings of freezing, ED has issued the Provisional Attachment Order under Section 5(1) of the PMLA, on 25th September, 2026 and attached certain movable properties of the Company, Mr. Shailesh Bhandari, Promoter & Executive Vice Chairman and Mr. Mukesh Bhandari, Promoter and Ex-Chairman. Further, the Company and Mr. Shailesh Bhandari have already challenged the action of freezing of bank accounts before the Hon’ble Gujarat High Court / Hon’ble PMLA Appellate Tribunal, New Delhi and quashing of Enforcement Case Information Report (ECIR) registered by ED before Hon’ble Gujarat High Court, which are pending for further hearings. The Company is in process to seek appropriate legal advice for taking necessary action. The brief details pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular no. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated 30th January, 2026 are attached as Annexure – A. 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 ( INDIA) LTD. You are requested to please take the same on your record. Thanking you, Yours faithfully, For Electrotherm (India) Limited Shailesh Bhandari Executive Vice Chairman DIN: 00058866 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 ( INDIA) LTD. Annexure – A The brief details pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular no. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated 30th January, 2026 are as under: Sr. Particulars Details of disclosure 1 Name of the authority Directorate of Enforcement, Zonal Office, Ahmedabad (“ED”) 2 Nature and details of the action(s) taken, ED has issued the Provisional initiated or order(s) passed Attachment Order under Section 5(1) of the Prevention of Money-Laundering Act, 2002 (“PMLA”), on 25.09.2026, and attached/ freezing of the balances / amount of Rs. 25.08 Crore, lying in 2 bank accounts of the Company. Further, ED has also attached free-hold equity shares of the Company held by Mr. Shailesh Bhandari, Promoter & Executive Vice Chairman (i.e. 6,98,275 equity shares) and Mr. Mukesh Bhandari Promoter & Ex-Chairman (i.e. 6,59,500 equity shares). (The value per share of the Company is taken from NSE as last trading price per share as on the date of registration of the FIR by CBI.) Further, earlier, ED has already freezed the balance of Rs. 34.29 Crore, lying in two bank accounts of the Company and the balance of Rs. 83.18 Lacs, lying in the one of the bank account of Mr. Shailesh Bhandari. Further, the Company has also provided the Fixed Deposit Receipt of Rs. 3.20 Crore to release the car from seizure. 3 Date of receipt of direction or order, Provisional Attachment Order issued by including any ad-interim or interim orders, ED on 25th September, 2026 or any other communication from the authority 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 ( INDIA) LTD. 4 Details of the violation(s) / contravention(s) Proceedings under PMLA is initiated in committed or alleged to be committed connection with FIR registered by CBI, BS&FB, Mumbai against Electrotherm (India) Ltd. & its directors based on the complaint of Bank of India in December, 2021 for causing loss of Rs. 81.97 Crores to Bank of India, being the difference amount between the outstanding dues of Rs. 631.97 Crores and assignment of loan by Bank of India to Edelweiss Asset Reconstruction Company Limited on 30th June, 2014 for Rs. 550.00 Crores. The FIR registered by CBI has already been disclosed in the financial statements / annual reports of the Company since 2022 onwards. The Company and Mr. Shailesh Bhandari has filed a petition for quashing of CBI FIR before Hon’ble Gujarat High Court in April 2024 and Hon’ble Gujarat High Court by order dated 26th April, 2024 issued notice and notice as to interim relief. The said petition is pending for further hearing before Hon’ble Gujarat High Court. Further, the Company and Mr. Shailesh Bhandari have already challenged the action of freezing of bank accounts before the Hon’ble Gujarat High Court / Hon’ble PMLA Appellate Tribunal, New Delhi and quashing of Enforcement Case Information Report (ECIR) registered by ED before Hon’ble Gujarat High Court, which are pending for further hearings. Further, the complaint filed by ED under Section 44(1)(b) read with Section 45(1) under the provisions of PMLA before the Hon’ble Special Court for PMLA Cases at Ahmedabad (“Special Court”), notices issue un [Showing first 8,000 characters — download PDF for full document]