NSEGeneral Updates4 Aug 2026 · 4 Aug 2026, 04:35 pm

General Updates

Electrotherm (India) Limited · ELECTHERM

✦ AI Summary▼ NegativeRegulatory

Electrotherm (India) Limited has informed the Exchange about General Updates - Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company and Mr. Shailesh Bhandari have been served a complaint under section 44(1)(b) read with Section 45(1) under the Prevention of Money Laundering Act, 2002, by the Directorate of Enforcement (ED). The Hon'ble Special Court for PMLA Cases at Ahmedabad has provided a copy of the complaint to the Company and Mr. Shailesh Bhandari.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk9/10
Balance Sheet Risk6/10
Liquidity Impact4/10
Market Sentiment1/10

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Electrotherm (India) Limited has informed the Exchange about General Updates - Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

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ELECTHERM_04082026163455_SE_Letter.pdf

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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: 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