Electrotherm (India) Limited has informed the Exchange regarding Appointment of M/s. V. H. Savaliya & Associates, Cost Accountants as Cost Auditor of the Company for the Financial Year 2026-27.
ELECTHERM · price
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Electrotherm (India) Limited reported a net loss of Rs 16.18 crore for FY2026 on standalone basis, compared to a profit of Rs 428.60 crore in FY2025. Revenue from operations declined to Rs 3,692 crore from Rs 4,115 crore. The company appointed M/s V. H. Savaliya & Associates as Cost Auditor for FY2026-27. The statutory auditors issued a qualified opinion due to non-provision of interest on NPA loans amounting to Rs 1,066 crore (consolidated Rs 1,408 crore). The company has negative equity of Rs 109 crore on standalone basis. Multiple loan defaults exist with ARCs, and there are income tax demands of Rs 76.64 crore pending appeal.
The company faces significant financial stress with negative shareholder equity, loan defaults, and qualified audit opinion. The stock is likely to remain under pressure due to governance concerns, ongoing DRT proceedings, and substantial hidden liabilities from unprovided interest on NPA accounts.