Electrotherm (India) Limited has informed the Exchange about Updates on Execution of Agreement
ELECTHERM · price
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Electrotherm (India) Limited has signed a Consultancy Agreement with Prandev Tech Limited (formerly Electrotherm Tech Limited) and Mr. Mukesh Bhandari on 6th August 2025. This is a related party transaction under SEBI LODR Regulations, as Mr. Mukesh Bhandari is a related party. The update is in continuation of a letter dated 29th July 2025 following a Board Meeting outcome, with detailed disclosures already filed in Annexure-C. The company has informed both BSE and NSE of the executed agreement.
This is a regulatory disclosure of a related party transaction, which is common for companies with promoter-linked entities. Investors should review the terms and value of the consultancy agreement, as related party deals can affect minority shareholder interests. No immediate material impact on operations or stock price is indicated.