ELECTHERM2025-07-012025-09-30ELECTHERM2025-09-30ELECTHERM2025-03-31ELECTHERM2025-04-012025-09-30ELECTHERM2025-07-012025-09-30in-capmkt:OtherExpenses1MemberELECTHERM2025-04-012025-09-30in-capmkt:OtherExpenses1MemberELECTHERM2025-07-012025-09-30in-capmkt:ReportableSegments1MemberELECTHERM2025-07-012025-09-30in-capmkt:ReportableSegments2MemberELECTHERM2025-07-012025-09-30in-capmkt:ReportableSegments3MemberELECTHERM2025-07-012025-09-30in-capmkt:ReportableSegments4MemberELECTHERM2025-04-012025-09-30in-capmkt:ReportableSegments1MemberELECTHERM2025-04-012025-09-30in-capmkt:ReportableSegments2MemberELECTHERM2025-04-012025-09-30in-capmkt:ReportableSegments3MemberELECTHERM2025-04-012025-09-30in-capmkt:ReportableSegments4MemberELECTHERM2025-07-012025-09-30in-capmkt:ReportableSegments1MemberELECTHERM2025-07-012025-09-30in-capmkt:ReportableSegments2MemberELECTHERM2025-07-012025-09-30in-capmkt:ReportableSegments3MemberELECTHERM2025-07-012025-09-30in-capmkt:ReportableSegments4MemberELECTHERM2025-04-012025-09-30in-capmkt:ReportableSegments1MemberELECTHERM2025-04-012025-09-30in-capmkt:ReportableSegments2MemberELECTHERM2025-04-012025-09-30in-capmkt:ReportableSegments3MemberELECTHERM2025-04-012025-09-30in-capmkt:ReportableSegments4MemberELECTHERM2025-07-012025-09-30in-capmkt:ReportableSegments1MemberELECTHERM2025-09-30in-capmkt:ReportableSegments1MemberELECTHERM2025-07-012025-09-30in-capmkt:ReportableSegments2MemberELECTHERM2025-09-30in-capmkt:ReportableSegments2MemberELECTHERM2025-07-012025-09-30in-capmkt:ReportableSegments3MemberELECTHERM2025-09-30in-capmkt:ReportableSegments3MemberELECTHERM2025-07-012025-09-30in-capmkt:ReportableSegments4MemberELECTHERM2025-09-30in-capmkt:ReportableSegments4MemberELECTHERM2025-07-012025-09-30in-capmkt:ReportableSegments1MemberELECTHERM2025-09-30in-capmkt:ReportableSegments1MemberELECTHERM2025-07-012025-09-30in-capmkt:ReportableSegments2MemberELECTHERM2025-09-30in-capmkt:ReportableSegments2MemberELECTHERM2025-07-012025-09-30in-capmkt:ReportableSegments3MemberELECTHERM2025-09-30in-capmkt:ReportableSegments3MemberELECTHERM2025-07-012025-09-30in-capmkt:ReportableSegments4MemberELECTHERM2025-09-30in-capmkt:ReportableSegments4MemberELECTHERM2025-07-012025-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss1ELECTHERM2025-04-012025-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares526608ELECTHERMNOTLISTEDINE822G01016ELECTROTHERM (INDIA) LIMITEDMain BoardEquity2025-04-012026-03-312025-11-102025-11-01INRCroresQuarterlySecond quarterMulti segment2025-11-1016:15:002025-11-1018:15:00trueCash Flow IndirectNot applicable2025-07-012025-09-30UnauditedConsolidated814260000013500000815610000058965000000389000005811000007180000010530000017474000008441000000-2849000000-2849000000-68100000-681000000-216800000000600000-216200000-13900000-230100000-2162000000-230100000012740000010-16.97-16.9700-16.97-16.971. The above Consolidated Financial Results of Electrotherm (India) Limited (holding Company) (the “holding Company” and along with its subsidiary and joint venture the “Group”) for quarter and half year ended September 30, 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on November 10, 2025. <BR> 3. Few accounts of “Trade Receivables,” “Trade Payables”, “Advances from Customer’, "Advances Recoverable in Cash or Kind”, “Advances to suppliers and other parties”, including very old balances, are subject to confirmation/reconciliation. The balance with revenue authorities are subject to final assessment order and/or submission of returns. <BR> 4. There are pending enquiries / notices / summons / litigation / recovery / fraud proceedings against the Group and directors of the Group before Debts Recovery Tribunal, Central Bureau of Investigation, Directorate of Enforcement, Regional Director of Ministry of Corporate Affairs, Direct Tax, Indirect Tax Department (Ahmedabad and Mumbai) and various courts. <BR> 6. Figure of previous period's have been regrouped, wherever considered necessary to make them comparable to current period figure. <BR> 2. (a) During the quarter ended March 31, 2025, the holding Company had fully repaid the principal amount and made a partial payment of Rs. 2.50 crores towards interest in accordance with the settlement terms agreed with Rare Asset Reconstruction Limited (assignee of Dena Bank). Subsequently, during the quarter ended June 30, 2025, the holding Company settled the remaining default interest amount of Rs. 3.19 crores. The holding Company is presently in the process of reconciling all loan accounts with Rare Asset Reconstruction Limited and obtaining the No Dues Certificate. Accordingly, the final accounting treatment of the said liability will be determined and given upon completion of the reconciliation process and receipt of the No Dues Certificate. <BR> (b) During the quarter and half year ended September 30, 2025, the holding Company had defaulted in repayment of the installment of Rs 8.00 crores and interest thereon amounting to Rs 2.45 crores, due to Invent Assets Securitisation & Reconstruction Private Limited (assignee of debts of Allahabad Bank, now Indian Bank, and Punjab National Bank). Subsequently, the holding Company requested the lender to reschedule the said payments, and the lender has agreed to such rescheduling, subject to payment of interest at 11% per annum, with the condition that the entire dues be cleared by December 31, 2025 <BR> 2025-04-012025-09-30UnauditedConsolidated164831000002120000016504300000123564000001900000-6595000001090000000153700000211100000329800000016451600000527000000527000000-7400000-7400000060100000000120000061300000-1390000047400000613000000474000000127400000104.814.81004.814.81Other Expenses1747400000Other Expenses329800000060836000001143900000005160000000081500000003664000004479000003288000001086000008164400000667100000050000020137000001941000005941000000860000028110000001455000001947800000115753000000019739700000127400000-1667800000-15404000000-154040000032126000000000321260000029600000000167000003525300000845640000012182000004244700000546290000018300000014102300000334640000030610000000177548000000021280100000197397000002. (c) In respect of the above loan, as per the terms of the settlement of loans, any default thereof, would result in withdrawal of the settlement and reinstatement of all dues and liabilities under the original loan agreement. Since the holding Company has paid the entire principal and interest as stipulated, it anticipates that no further liability will arise under the original loan terms. The impact of debt reduction arising from the settlement with the Asset Reconstruction Company will be recognized upon full compliance with all conditions of the settlement agreements and completion of the requisite formalities. <BR> (d) Hans Ispat Limited, a wholly owned subsidiary of the holding Company, has been in default of its loan repayment obligations since December 2019. Invent Assets Securitisation & Reconstruction Private Limited (Invent ARC), the lender, revoked the earlier settlement agreement on September 16, 2021, due to non-compliance with the agreed terms. Subsequently, Invent ARC has initiated recovery proceedings for an outstanding amount of Rs 122.28 crores before the Hon’ble Debts Recovery Tribunal (DRT), Ahmedabad. The matter is currently pending for adjudication. <BR> (e) As of June 30, 2025, the Group has (a) Three loan accounts with banks and Asset Reconstruction Companies (ARCs) that have been classified as non-performing assets (NPAs) and for which no settlement agreements have been entered into; and (b) One loan account, as referred to in point 2(d) above, with an ARC which was classified as an NPA and for which the previously agreed settlement agreement has been withdrawn/revoked. In respect of the above loan accounts, provision for interest on term loans and working capital loans from banks and ARCs for the quarter and half year ended September 30, 2025, amounting approximately to Rs 48.01 crore and Rs 94.51 Crore respectively, has not been provided in the books of accounts. As a result, the net loss of the Group for the Quarter ended September 30, 2025 is understated by Rs 48.01 crore and net result for the half year ended September 30, 2025 is overstated by Rs 94.51 crore. Accordingly, the loan liabilities from banks and ARCs and the total retained earnings/(losses) as on September 30, 2025, are understated by Rs 1307.16 crore. The Statutory Auditor has expressed a qualification in their audit report with respect to the non-provision of interest on the said loan. <BR> Engineering & Technologies Division2911200000Special Steel Division5137800000Electric Vehicle Divion146500000Others0Engineering & Technologies Division5107600000Special Steel Division11241200000Electric Vehicle Divion219400000Others08195500000165682000005290000085100000814260000016483100000Engineering & Technologies Division164000000Special Steel Division-349900000Electric Vehicle Divion-27300000Others100000Engineering & Technologies Division315600000Special Steel Division-49200000Electric Vehicle Divion-60300000Others300000-2131000002064000007180000015370000000-28490000052700000Engineering & Technologies Division7029200000Special Steel Division11983100000Electric Vehicle Divion310600000Others880000001941090000032880000019739700000Engineering & Technologies Division5659800000Special Steel Division15175100000Electric Vehicle Divion157700000Others287500000212801000000212801000005. (a) In respect of Joint Venture Bhaskarpara Coal Company Limited, the Ministry of Coal, Government of India has taken action for de-allocation of Coal Block, affecting the going concern of the said company. <BR> (b) In respect of Shree Ram Electro Cast Limited, one of the subsidiary, the State Bank of India has taken action under SARFAESI Act, 2002 and subsequent action of the sale through auction of the hypothecated / mortgaged assets of the Company situated at Honnarhalli Village, Hatchali Post, Siruguppa Taluk, Bellari District. Karnataka in February 2019, affecting the going concern of the said company. <BR> (c) Bank of Baroda had filed Original Application against Hans Ispat Limited (Wholly Owned Subsidiary Company) & its guarantors (i.e. Mr. Shailesh Bhandari and Mr. Mukesh Bhandari) before Debts Recovery Tribunal-1, Ahmedabad (“DRT”) under section 19 of the Recovery of Debts due to Banks and Financial Institutions Act 1993. As per judgement of the Hon’ble DRT, Ahmedabad, the recovery proceedings had been initiated for e-auction of properties and the properties has been auctioned for the amount of Rs. 33.03 Crores in November, 2021. Based on the application of the auction purchaser, the Hon’ble Recovery Officer by order dated July 18, 2024 authorized the bank officer for execution of sale deed in favour of auction purchaser, subject to there being no stay from any higher forum and accordingly the sale deed was presented / executed before SRO Anjar for registration. These conditions indicate the existence of a material uncertainty that may cast significant doubt about the Wholly Owned Subsidiary Company's ability to continue as a going concern. <BR> 140900000-7423000005936000000-255000000000870300000068870000002111000000064100000-257000000-338000000000000-114800000016266000001679300000000131000000166620000000000120000000028020000000000000000000000018800000056700000-20590000000000000011601000008400000018990000000-1358400000101900000010190000092200000194100000Remeasurement Gain/(Loss) on Defined Benefit Plans-13900000-13900000Remeasurement Gain/(Loss) on Defined Benefit Plans-13900000-139000000000-13900000-13900000