Outcome of Board Meeting

( INDIA) LTD. Ref. No. : EIL/SD/OBM/Regl.-30/2026-2027/2007 Date : 20th 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: Outcome of Board Meeting held on 20th July, 2026 This is to inform you that the Board of Directors (“Board”) of the Company at their meeting held on 20th July, 2026 has, inter-alia: 1. Approved the appointment of Mr. Raj Kumar Bansal (DIN: 00122506) as an Additional Director in the category of Non-Executive Independent Director of the Company, not liable to retire by rotation, to hold office for a term of five (5) consecutive years, with effect from 20th July, 2026 to 19th July, 2031 and he will hold office as an Additional Director upto the date of next Annual General Meeting. The brief details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations, 2015”) read with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 ("SEBI Master Circular") are attached as Annexure – A. 2. Approved the appointment of Mr. Harish Mukati (DIN: 03214401), Chief Executive Officer (Steel Division) of the Company as an Additional Director and Whole Time Director & Chief Executive Officer of the Company. He will hold office as an Additional Director, upto the date of next Annual General Meeting. Further, his Appointment as Whole Time Director is for a period of three (3) years, with effect from 20th July, 2026 to 19th July, 2029, which is subject to approval of the Members of the Company. The brief details required under Regulation 30 of the SEBI LODR Regulations, 2015 read with SEBI Master Circular are attached as Annexure – B. The Board Meeting commenced at 11:45 a.m. and concluded at 01:20 p.m. on 20th July, 2026. 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 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 ( INDIA) LTD. ANNEXURE – A 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 is as under: Particulars Details of Change Appointment of Mr. Raj Kumar Bansal (DIN: 00122506) as an Additional Director in the Reason for change Viz. Appointment, category of Non-Executive Independent 1 Resignation, Removal, Death or Director of the Company, not liable to retire by otherwise rotation, to hold office for a term of five (5) consecutive years. The term of appointment will be five (5) consecutive years as an Independent Director, Date of Appointment / Cessation (As with effect from 20th July, 2026 to 19th July, applicable) & term of Appointment 2031 and he will hold office as an Additional Director upto the date of next Annual General Meeting. Mr. Raj Kumar Bansal, aged 67 years, is a rank- holder Chartered Accountant. He is having about 40 years of experience in the Banking and Asset Reconstruction Company (“ARC”) industry. Mr. Raj Kumar Bansal is having expertise and experience in all functional areas of Banking, including Corporate Banking, Project Appraisal, Retail Banking, International Banking, Finance & Accounts (CFO), Resources, Recovery, Brief Profile (In case of Investments, Treasury and Operations etc. Appointment) Previously, Mr. Raj Kumar Bansal was the Managing Director and CEO of Edelweiss Asset Reconstruction Ltd. (EARC) from June 2018 to May 2024. Lastly, he has served as the President of Edelweiss Financial Services Limited till June, 2026. He was also the CEO of StockHolding Corporation of India Limited (SHCIL), IDBI Mutual Fund and IDBI Federal Life Insurance. Further, Mr. Raj Kumar Bansal was Chairman of CDR Empowered Group for two (2) years, from 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. 2013 to 2015. He is also actively serving as the Co-Chair on the FICCI Committee on Stressed Assets. He was also Chairman of the Association of ARCs in India till last year. He was also a member of the Indian Banks Association (IBA)’s Standing Committee on Retail Banking. He has served as Executive Director of IDBI Bank for eight (8) years, during which he played a crucial role in the bank’s growth and development. He has also held various board positions, including IDBI Federal Life Insurance Co. Ltd., ISIL, J.K. Lakshmi Cement Ltd., Uttam Value Steels Ltd., Small Industries Development Bank of India (SIDBI), IDBI Asset Management Ltd., National Securities Depository Limited (NSDL), and NSDL e-Governance Infrastructure Ltd. Disclosure of relationship between Mr. Raj Kumar Bansal is not related with any 4 Directors (In case of appointment of other Directors of the Company. a Director) Mr. Raj Kumar Bansal is not debarred from Information pursuant to NSE Circular accessing the capital market and/or restrained No. NSE/CML/2018/02 dated 20th from holding the position of Director in any 5. June, 2018 and BSE Circular No. listed company by virtue of any order of the LIST/COMP/14/2018-19 dated 20th Securities and Exchange Board of India or any June, 2018 other such authority. 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: +91-2717-660 [Showing first 8,000 characters — download PDF for full document]