5266082026-04-012026-06-305266082026-06-305266082026-04-012026-06-30in-capmkt:OtherExpenses1Member5266082026-04-012026-06-30in-capmkt:ReportableSegments1Member5266082026-04-012026-06-30in-capmkt:ReportableSegments1Member5266082026-04-012026-06-30in-capmkt:ReportableSegments1Member5266082026-06-30in-capmkt:ReportableSegments1Member5266082026-04-012026-06-30in-capmkt:ReportableSegments1Member5266082026-06-30in-capmkt:ReportableSegments1Member5266082026-04-012026-06-30

ItemsThatWillNotBeReclassifiedToProfitAndLoss1

iso4217:INRxbrli:pureiso4217:INRxbrli:shares

526608

ELECTHERM

NOTLISTED

INE822G01016

ELECTROTHERM (INDIA) LIMITED

Main Board

Equity

2026-04-01

2027-03-31

2026-08-14

2026-08-05

INR

Crores

Quarterly

First quarter

Multi segment

2026-08-14

11:00:00

2026-08-14

15:15:00

Not applicable

false

true

2026-04-01

2026-06-30

Unaudited

Standalone

9133800000

15000000

9148800000

7137400000

-632900000

563700000

39700000

111300000

1841700000

9060900000

87900000

19300000

68600000

1400000

70000000

127400000

5.39

1. The above Standalone Financial Results of Electrotherm (India) Limited (the “Company”) were reviewed and recommended by the Audit Committee meeting held on August 13, 2026 and approved by the Board of Directors at their meeting held on August 14, 2026. 2. The figures of the last quarter ended on March 31, 2026 are the balancing figure between audited figures in respect of the full financial year ended on March 31, 2026 and the unaudited published year to date figures upto December 31, 2025, being the date of the end of third quarter, which were subjected to limited review. 3. As per Ind AS 108 "Operating Segments", if a financial report contains both consolidated financial statements and the standalone financial statements of the Parent Company, segment information may be presented based on the consolidated financial statements. Thus, disclosure required by Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 on segment information is given in consolidated financial results. 4. (a) The Company defaulted in the payment of loan installments amounting to Rs. 40.00 crore and the related interest of Rs. 6.46 crore due to Invent Assets Securitization and Reconstruction Private Limited (“Invent ARC”) from the quarter ended September 30, 2025 onwards till June 30, 2026. The company is in negotiation with Invent ARC for resedulement of the default principal and interest amount and the company is hopeful that there will be no further liability toward the loan. (b) The Company has requested Edelweiss Asset Reconstruction Company Ltd. (“Edelweiss ARC”) to grant extended time for payment of the outstanding amount of the last installment due in the month of March 2026 aggregating to Rs. 15.79 Crores due to temporary liquidity constraints. The request is presently under consideration for revised terms by Edelweiss ARC and accordingly, the said amount has not been considered as a default. (c)With regard to both the loan, as per the terms of the said settlement, in the event of default, the settlement is deemed to be withdrawn, and all dues and liabilities under the original loan agreement are liable to be reinstated. However, based on the discussion with Asset Reconstruction Companies (ARCs), it is hopeful that no further liability will arise under the original loan terms. The impact of debt reduction resulting from the settlement with ARCs will be accounted for upon final compliance with all terms and conditions of the respective settlement agreements. (d) Indian Overseas Bank had classified the loan account of the Company as a Non-Performing Asset (NPA) in August 2011 for a defaulted amount of Rs 189.96 crore. This loan was subsequently assigned to Rare Asset Reconstruction Limited ("Rare ARC"). However, as of the date of this report, the Company has not entered into any settlement agreement with Rare ARC. The Hon’ble Debt Recovery Tribunal (DRT), Ahmedabad, has passed a judgment against the Company and the guarantors for the recovery of dues, along with future interest at the rate of 12.75% per annum with monthly rests. The Company has not provided for interest expenses on the said loan for the quarter ended June 30, 2026, amounting to Rs 40.46 Crore. As a result, the net profit for the quarter is overstated by Rs 40.46 Crore. Consequently, the total liability towards Rare ARC and the retained earnings/(loss) as on June 30, 2026, are understated by Rs 1106.59 Crore. The Statutory Auditor has expressed a qualification in their audit report with respect to the non-provision of interest on the said loan.

Other Expenses

1841700000

Not Applicable

5. The Company has filed Company Petition No. 21 of 2025 under Section 55(3) of the Act, before the Hon’ble National Company Law Tribunal (“NCLT”), Ahmedabad Bench, on March 11, 2025, for approving issuance of 6% Non-Cumulative Redeemable Preference Shares (“NCRPS”) of 10/- (Rupees Ten Only) each, 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) on the same terms of existing 6% NCRPS, in lieu of the unredeemed preference shares. The Hon’ble NCLT, Ahmedabad Bench, vide Order dated July 21, 2026, has, inter alia, allowed the Company Petition No. 21 of 2025 and permitted the Company, to issue and allot 1,09,50,000 (One Crore Nine Lakhs and Fifty Thousand) 6% Non-Cumulative Redeemable Preference Shares (“NCRPS”) of Rs. 10/- each to the existing five (5) preference shareholders (except one non-consenting preference shareholder) 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, under Section 55(3) of the Act and redeem 10,50,000 6% NCRPS to a non-consenting preference shareholder. Further, upon issuance and allotment of such NCRPS, the existing unredeemed preference shares corresponding thereto stands deemed to have been redeemed in accordance with Section 55(3) of the Act. The necessary accounting effect of the same will be given on the date of allotment of such NCRPS and payment of redemption amount to the one non-consenting preference shareholder. 6. Directorate of Enforcement, Zonal Office, Ahmedabad (ED) conducted search in Janaury, 2025 in relation to the complaint by Bank of India, freezed bank accounts of the Company and Mr. Shailesh Bhandari, order of the Hon’ble Gujarat High Court for permission to operate the bank accounts and release of seized Car on submission of Fixed Deposit Receipt (FDR) in favour of ED during the pendency of investigation and now the 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 August 3, 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. 7. Few accounts of “Trade Receivables,” “Trade Payable”, “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. 8. There are pending enquiries / notices / summons / litigation / recovery / fraud proceedings against the company and directors of the company 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. 9. Figure of previous period’s have been regrouped, wherever considered necessary to make them comparable to current period figure.

Remeasurement Gain/(Loss) on Defined Benefit Plans

1400000

9862000000

1) The amount is as at 30th June, 2026 as per books of the Company on provisional basis and is subject to confirmation from lenders. 2) The Company has defaulted in repayment of loans to Assets Reconstruction Companies (ARCs) as certain banks have assigned their loans / debts to ARCs. The Company has entered into settlement with ARCs for payment of outstanding loans / debts on certain terms and conditions. The total amount outstanding shown at Sr. No.1A is the outstanding amount as per the Books of Accounts of the Company on provisional basis (excluding uncharged interest) after deduction of settlement amount already paid upto the date of default i.e. 30th June, 2026 and are subject to confirmation from ARCs.

2284200000

10006900000

1) The amount of outstanding borrowings from financial institutions / ARCs shown at Sr. No. 3 does not include the interest of unsettled lender – Rare Asset Reconstruction Limited (being assignee of Indian Overseas Bank) not provided in the books of accounts, after the loan account has been classified as Non-Performing Assets (NPA) by such lender.