Update - NCLT Order - Issuance and allotment of Preference Shares under Section 55(3) of the Companies Act, 2013

( INDIA) LTD. Ref. No. : EIL/SD/Regl.-30/2026-2027/2207 Date : 22nd July, 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 - NCLT Order - Issuance and allotment of Preference Shares under Section 55(3) of the Companies Act, 2013: This is with reference to our earlier disclosure dated 11th February, 2025, i.e., intimation of outcome of Board meeting regarding, inter alia, approval for issuance and allotment of 1,20,00,000 – 6% Non-Cumulative Redeemable Preference Shares (“NCRPS”) of Rs. 10/- (Rupees Ten Only) each, in one or more tranches, pursuant to Section 55(3) of the Companies Act, 2013, to the existing NCRPS holders, of amount equivalent to the amount of unredeemed Preference Shares of Rs. 12,00,00,000/- (Rupees Twelve Crore Only), subject to requisite approval of majority holders of preference shares and the Hon’ble National Company Law Tribunal (“NCLT”), Ahmedabad Bench. This is to further inform you that the Hon’ble NCLT, Ahmedabad Bench, vide its order dated 21st July, 2026, has, inter alia, allowed the petition filed by the Company and permitted the Company, under Section 55(3) of the Companies Act, 2013: 1. To issue and allot 1,09,50,000 (One Crore Nine Lakhs and Fifty Thousand) 6% Non- Cumulative Redeemable Preference Shares of Rs. 10/- each to the existing five (5) preference shareholders (except Ahmedabad Aviation and Aeronautics Limited) on the same terms and conditions as the original issue, redeemable not earlier than two (2) years and not later than twenty (20) years from the date of such allotment. 2. Upon such issuance and allotment, the existing unredeemed preference shares corresponding thereto shall stand deemed to have been redeemed in accordance with Section 55(3) of the Companies Act, 2013. 3. In respect of Ahmedabad Aviation and Aeronautics Limited, being the non-consenting preference shareholder, the Company shall redeem 10,50,000 preference shares of Rs. 10/- each at par forthwith, in accordance with the proviso to Section 55(3) of the Companies Act, 2013. 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. The issuance of further redeemable preference shares pursuant to this order shall not be treated as an increase or reduction of share capital of the Company. Copy of said order is available on NCLT website. Further, the Company has downloaded the copy on 21st July, 2026 at 05:30 p.m. You are requested to take the same on your record. Thanking you, Yours faithfully, For Electrotherm (India) Limited Fageshkumar R. Soni Company Secretary & Compliance Officer Membership No.: F8218 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