BSECompany Update4 Aug 2026 · 4 Aug 2026, 04:32 pm
Update - Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Electrotherm (India) Ltd · 526608
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Electrotherm (India) Ltd has informed that the Directorate of Enforcement (ED) has filed a complaint under the Prevention of Money Laundering Act, 2002 against the company, its promoter and executive vice chairman, and another promoter. The company and the promoters have challenged the action in court and the matter is pending.
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Earnings Impact1/10
Growth Catalyst1/10
Governance Concern8/10
Regulatory Risk9/10
Balance Sheet Risk1/10
Liquidity Impact2/10
Market Sentiment1/10
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Electrotherm (India) Ltd - 526608 - Update - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
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( INDIA) LTD.
Ref. No. : EIL/SD/Regl‐30/2025‐2026/0408
Date : 04th August, 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 and
5th February, 2026 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 and release of seized Car on submission of Fixed Deposit
Receipt (FDR) in favour of ED.
This is to further inform that ED has filed complaint 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 (“Court”) against the Company, Mr.
Shailesh Bhandari, Promoter & Executive Vice Chairman and Mr. Mukesh Bhandari, Promoter &
Ex – Chairman and based on the notices issued under section 223 of the Bharatiya Nagarik
Suraksha Sanhita 2023 (“BNSS”) for hearing on cognizance, the Hon’ble Court has provided the
copy of said compliant on 03rd August, 2026 to the Company and Mr. Shailesh Bhandari.
The Company and Mr. Shailesh Bhandari had 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.
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: AngulBanglore 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