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As per the Family Settlement Agreement (FSA) executed amongst the Mukesh Bhandari Family and Shailesh Bhandari Family, on 29th March, 2025, Mr. Mukesh Bhandari will transfer 809500 Equity shares (representing 6.35%) of Electrotherm (India) Limited to Mr. Shailesh Bhandari, upon fulfillment of terms and conditions of FSA. Further, Mr. Mukesh Bhandari has executed voting agreement and other related documents, in favour of Mr. Shailesh Bhandari, pursuant to said FSA. Further, the mode of transfer of said shares will be off market inter-se transfer. Also, the process of actual transfer of 809500 equity shares from Mr. Mukesh Bhandari to Mr. Shailesh Bhandari will be completed after the said shares of Mr. Mukesh Bhandari are free from attachment / freezing / encumbrance. 2. Pursuant to the FSA, Mrs. Jyoti Bhandari has executed gift deed on 29th March, 2025, for transfer of 2,01,525 Equity shares of the Company, to Mrs. Reema Bhandari, as such, shareholding of Mrs. Reema Bhandari is shown as 2,01,800 Equity share considering 2,01,525 Equity shares of Mrs. Jyoti Bhandari have been reansferred to Mrs. Reema Bhandari and shareholding of Mrs. Jyoti Bhandari is shown as '0' (Nil). However, Actual transfer of the said equity shares from Mrs. Jyoti Bhandari to Mrs. Reema Bhandari are under process. 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