Electrotherm (India) Limited
Incorporated in 1983, Electrotherm Ltd is inthe business of Engineering & Technologies, Special Steel and Electric Vehicles
What Electrotherm files
- Others61
- Important24
- Board Meeting15
- Updates2
- Results1
- QIP/Rights/Pref.1
Electrotherm (India) Ltd. defaulted on loan payments, disclosing Rs. 40 Cr principal and Rs. 6.46 Cr interest due to Invent ARC. Total outstanding borrowings from financial institutions are Rs. 986.20 Cr, with total financial indebtedness at Rs. 1000.69 Cr.
Electrotherm received NCLT approval to issue 1.095 Cr new 6% preference shares (Rs 10.95 Cr total) to existing holders, effectively extending their redemption period. The company will also redeem 1.05 Cr preference shares (Rs 1.05 Cr total) for a dissenting shareholder, restructuring its preference share capital.
Electrotherm (India) Ltd. has defaulted on loan payments, with Rs. 16 Cr principal and Rs. 2.68 Cr interest overdue to Invent ARC. Total borrowings are Rs. 1,041.17 Cr, and financial indebtedness stands at Rs. 1,055.67 Cr. The company is actively pursuing settlement.
Electrotherm has defaulted on loan payments, including Rs. 8.00 Cr principal and Rs. 2.45 Cr interest, totaling Rs. 10.45 Cr, to Invent ARC. Total outstanding borrowings stand at Rs. 1,091.66 Cr, with total financial indebtedness at Rs. 1,106.16 Cr.
Electrotherm appointed a new internal auditor and is shifting its registered office. The company faced fines from NSE and BSE for prior non-compliance regarding board composition but has since rectified the issue and paid the penalties.