Electrotherm (India) MD, chairman, board of directors and AGM
NSE: ELECTHERMBSE: 526608Industrial ProductsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹629.95.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹773 Cr1,467th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- Lossover the last 12 months
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
- Net worth zero or below
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business.
- Net worth zero or below
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 14 Aug 2026
- −4.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- Net worth zero or below
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 29,03449.3% delivered
Electrotherm (India) board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonDinesh Shankar Mukati
- Managing directorShailesh Bhanwarlal Bhandari
- Managing directorSuraj Shailesh Bhandari
- Company Secretary and Compliance OfficerFageshkumar R. Soni
6 directors3 independent3 executive
- Dinesh Shankar Mukati · ChairpersonIndependent · joined Sep 2017 · reappointed Sep 2022 · 105 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Shailesh Bhanwarlal Bhandari · Managing directorExecutive · joined Jun 1989 · reappointed Feb 2026 · 1 listed board · 1 committee seat
- Suraj Shailesh Bhandari · Managing directorExecutive · joined Nov 2019 · reappointed Nov 2025 · 1 listed board
- Mohan PratapIndependent · joined Sep 2017 · reappointed Sep 2022 · 105 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- Nivedita Ravindra SardaIndependent · joined May 2018 · reappointed May 2023 · 97 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 2 as chair
- Tushar Kantilal JaniExecutive · joined Apr 2025 · reappointed Apr 2025 · 1 listed board
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 21 May 20265 of 6 present3 independent · 98 days in between
- 11 Feb 20266 of 6 present3 independent · 32 days in between
- 9 Jan 20266 of 6 present3 independent
Audit Committee
Chair Mohan Pratap
Dinesh Shankar Mukati, Nivedita Ravindra Sarda
- 20 May 20263 of 3 present3 independent · 97 days in between
- 11 Feb 20263 of 3 present3 independent · 32 days in between
- 9 Jan 20263 of 3 present3 independent
Nomination and remuneration committee
Chair Mohan Pratap
Dinesh Shankar Mukati, Nivedita Ravindra Sarda
- 21 May 20263 of 3 present3 independent · 98 days in between
- 11 Feb 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair Nivedita Ravindra Sarda
Shailesh Bhanwarlal Bhandari, Mohan Pratap
- 20 May 20262 of 3 present2 independent · 97 days in between
- 11 Feb 20263 of 3 present2 independent
Corporate Social Responsibility Committee
Chair Shailesh Bhanwarlal Bhandari
Dinesh Shankar Mukati, Mohan Pratap
- 20 May 20262 of 3 present2 independent · 97 days in between
- 11 Feb 20263 of 3 present2 independent
Management Committee
Chair Shailesh Bhanwarlal Bhandari
Dinesh Shankar Mukati, Suraj Shailesh Bhandari
- 20 May 20262 of 3 present1 independent · 97 days in between
- 11 Feb 20263 of 3 present1 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- Hitesh Prakash Shah & CompanyPeer-review certificate valid to Aug 2027
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Electrotherm (India) AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Electrotherm (India) dividend history
Annual general meeting, 28 Sep 2026
9,076 shareholders on the register on 21 Sep 2026; present: 4 promoters and 45 others; votes counted by BHAVYA GAUDANA / GAUDANA AND GAUDANA.The company's voting result (opens in a new tab)
To consider and adopt audited standalone and consolidated financial statements of the Company for the financial year ended on 31st March, 2026 together with report of Board of Directors and Auditors’ Report thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 24.23% · promoters 52.22% · institutions 0.00% · other public 14.82%
- To appoint a Director in place of Mr. Suraj Bhandari (DIN: 07296523), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointmentOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 24.23% · promoters 52.22% · institutions 0.00% · other public 14.82%
- Appointment of Mr. Raj Kumar Bansal (DIN: 00122506) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 24.23% · promoters 52.22% · institutions 0.00% · other public 14.82%
- Appointment of Mr. Rajesh Bhalchandra Patel (DIN: 02735027) as a Non-Executive Non Independent Director of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 24.23% · promoters 52.22% · institutions 0.00% · other public 14.82%
- Appointment of Mr. Harish Mukati (DIN: 03214401) as a Director of the Company, liable to retire by rotationOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 24.23% · promoters 52.22% · institutions 0.00% · other public 14.82%
- Appointment of Mr. Harish Mukati (DIN: 03214401) as a Whole Time Director & Chief Executive Officer of the CompanySpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 24.23% · promoters 52.22% · institutions 0.00% · other public 14.82%
- Appointment of Mr. Davesh Khandelwal (DIN: 02997266) as a Director of the Company, liable to retire by rotationOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 24.23% · promoters 52.22% · institutions 0.00% · other public 14.82%
- Appointment of Mr. Davesh Khandelwal (DIN: 02997266) as a Whole Time Director of the CompanySpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 24.23% · promoters 52.22% · institutions 0.00% · other public 14.82%
- To ratify the remuneration of the Cost Auditor for the financial year ending on 31st March, 2027Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 24.23% · promoters 52.22% · institutions 0.00% · other public 14.82%
- To approve material related party transactions with Arvindbhai Steel Private LimitedOrdinaryPromoters have an interest in it99.96% for0.04% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 8.32% · promoters 0.00% · institutions 0.00% · other public 14.25%
- To approve material related party transactions with Powertrans Electric Co. Private LimitedOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 24.23% · promoters 52.22% · institutions 0.00% · other public 14.82%
- To approve material related party transactions with Emnis Systems Private LimitedOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 24.23% · promoters 52.22% · institutions 0.00% · other public 14.82%
- To approve material related party transactions with Powertrans Electro ControlOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 24.23% · promoters 52.22% · institutions 0.00% · other public 14.82%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 10 Sep 2025, 8 resolutions
9,434 shareholders on the register on 3 Sep 2025; present: 3 promoters and 53 others; votes counted by BHAVYA GAUDANA / GAUDANA AND GAUDANA.The company's voting result (opens in a new tab)
To consider and adopt audited standalone and consolidated financial statements of the Company for the financial year ended on 31st March, 2025 together with report of Board of Directors and Auditors’ Report thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 23.70% · promoters 49.98% · institutions 0.00% · other public 13.57%
- To appoint a Director in place of Mr. Shailesh Bhandari (DIN: 00058866), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointmentOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 23.70% · promoters 49.98% · institutions 0.00% · other public 13.57%
- To ratify the remuneration of the Cost Auditor for the financial year ending on 31st March, 2026Ordinary100.00% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 23.70% · promoters 49.98% · institutions 0.00% · other public 13.57%
- To approve the appointment of M/s. Bharat Prajapati & Co., Practising Company Secretaries as a Secretarial Auditor for five consecutive yearsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 23.70% · promoters 49.98% · institutions 0.00% · other public 13.57%
- To re-appoint Mr. Shailesh Bhandari (DIN: 00058866) as a Managing Director designated as an Executive Vice Chairman of the CompanySpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 23.70% · promoters 49.98% · institutions 0.00% · other public 13.57%
- To re-appoint Mr. Suraj Bhandari (DIN: 07296523) as a Managing Director of the CompanySpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 23.70% · promoters 49.98% · institutions 0.00% · other public 13.57%
- Reclassification of Authorised Share Capital and consequent alteration of Memorandum of Association of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 23.70% · promoters 49.98% · institutions 0.00% · other public 13.57%
- Alteration of Articles of Association of the CompanySpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 23.70% · promoters 49.98% · institutions 0.00% · other public 13.57%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 27 Jun 2025, 2 resolutions
8,927 shareholders on the register on 23 May 2025; votes counted by BHAVYA GAUDANA / GAUDANA AND GAUDANA.The company's voting result (opens in a new tab)
- Appointment of Mr. Tushar Jani (DIN: 06745225) as a Director of the Company, liable to retire by rotationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 23.24% · promoters 49.98% · institutions 0.00% · other public 12.69%
- Appointment of Mr. Tushar Jani (DIN: 06745225) as a Whole-time Director of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 23.24% · promoters 49.98% · institutions 0.00% · other public 12.69%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 12 Sep 2024, 4 resolutions
Present: 4 promoters and 47 others.The company's voting result (opens in a new tab)
To consider and adopt audited standalone and consolidated financial statements of the Company for the financial year ended on 31st March, 2024 together with report of Board of Directors and Auditors’ Report thereonMoreLess
Ordinary99.84% for0.16% againstAgainst: promoters 0.00% · institutions 1.21% · other public 0.00%
Turnout: all 32.25% · promoters 62.38% · institutions 85.48% · other public 13.80%
- To appoint a Director in place of Mr. Suraj Bhandari (DIN : 07296523), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointmentOrdinaryPromoters have an interest in it98.42% for1.58% against
Against: promoters 2.66% · institutions 0.00% · other public 0.00%
Turnout: all 32.25% · promoters 62.38% · institutions 85.48% · other public 13.80%
- To ratify the remuneration of the Cost Auditor for the financial year ending on 31st March, 2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 31.74% · promoters 60.72% · institutions 85.48% · other public 13.80%
- Continuation of Directorship of Mr. Mukesh Bhandari (DIN: 00014511) as a Non-Executive Director of the CompanyOrdinaryPromoters have an interest in it15.12% for84.88% against
Against: promoters 97.34% · institutions 0.00% · other public 97.87%
Turnout: all 32.25% · promoters 62.38% · institutions 85.48% · other public 13.80%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 19 Mar 2024, 2 resolutions
The company's voting result (opens in a new tab)
- Elevation and Re-designation of Mr. Suraj Bhandari (DIN: 07296523) from Whole-time Director to Managing Director with effect from 9th February, 2024OrdinaryPromoters have an interest in it99.93% for0.07% against
Against: promoters 0.00% · institutions 0.00% · other public 0.24%
Turnout: all 32.15% · promoters 60.18% · institutions 85.87% · other public 14.33%
- Re-designation of Mr. Shailesh Bhandari (DIN: 00058866), Managing Director as Executive Vice Chairman with effect from 9th February, 2024OrdinaryPromoters have an interest in it99.94% for0.06% against
Against: promoters 0.00% · institutions 0.00% · other public 0.22%
Turnout: all 32.15% · promoters 60.18% · institutions 85.87% · other public 14.33%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 9 Aug 2023, 4 resolutions
Present: 5 promoters and 42 others.The company's voting result (opens in a new tab)
To consider and adopt audited standalone and consolidated financial statements of the Company for the financial year ended on 31st March, 2023 together with report of Board of Directors and Auditors’ Report thereon.MoreLess
Ordinary77.68% for22.32% againstAgainst: promoters 38.07% · institutions 0.00% · other public 0.17%
Turnout: all 51.59% · promoters 97.18% · institutions 85.87% · other public 26.76%
- To appoint a Director in place of Mr. Shailesh Bhandari (DIN: 00058866), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it77.68% for22.32% against
Against: promoters 38.07% · institutions 0.00% · other public 0.17%
Turnout: all 51.59% · promoters 97.18% · institutions 85.87% · other public 26.76%
- To ratify the remuneration of the Cost Auditor for the financial year ending on 31st March, 2024Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 51.59% · promoters 97.18% · institutions 85.87% · other public 26.76%
- To re-appoint Ms. Nivedita R. Sarda (DIN: 00938666) as an Independent Director of the Company for a second term of 5 (five) yearsSpecial77.68% for22.32% against
Against: promoters 38.07% · institutions 0.00% · other public 0.17%
Turnout: all 51.59% · promoters 97.18% · institutions 85.87% · other public 26.76%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 28 Mar 2023, 1 resolution
The company's voting result (opens in a new tab)
- To re-appoint Mr. Shailesh Bhandari (DIN : 00058866) as a Managing Director for a period of three years with effect from 1st February, 2023 and concluding on 31st January, 2026OrdinaryPromoters have an interest in it68.88% for31.12% against
Against: promoters 38.07% · institutions 0.00% · other public 7.54%
Turnout: all 39.05% · promoters 97.18% · institutions 0.00% · other public 13.90%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 31 Aug 2022, 7 resolutions
Present: 6 promoters and 32 others.The company's voting result (opens in a new tab)
To consider and adopt audited standalone and consolidated financial statements of the Company for the financial year ended on 31st March, 2022 together with report of Board of Directors and Auditors’ Report thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 38.55% · promoters 76.72% · institutions 85.63% · other public 16.31%
- To appoint a Director in place of Mr. Suraj Bhandari (DIN: 07296523), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it84.30% for15.70% against
Against: promoters 21.55% · institutions 0.00% · other public 8.84%
Turnout: all 38.55% · promoters 76.72% · institutions 85.63% · other public 16.31%
- To re-appoint statutory auditors M/s. Hitesh Prakash Shah & Co., Chartered Accountants (Firm Registration No. 127614W) and fix their remunerationOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 38.54% · promoters 76.72% · institutions 85.63% · other public 16.30%
- To ratify the remuneration of the Cost Auditor for the financial year ending on 31st March, 2023Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 38.54% · promoters 76.72% · institutions 85.63% · other public 16.30%
- To re-appoint Mr. Suraj Bhandari (DIN: 07296523) as a Whole-time Director of the CompanyOrdinaryPromoters have an interest in it84.28% for15.72% against
Against: promoters 21.55% · institutions 0.00% · other public 8.89%
Turnout: all 38.55% · promoters 76.72% · institutions 85.63% · other public 16.31%
- To re-appoint Mr. Dinesh Mutati (DIN: 07909551) as an Independent Director of the Company for a second term of 5 (five) yearsSpecial84.28% for15.72% against
Against: promoters 21.55% · institutions 0.00% · other public 8.89%
Turnout: all 38.55% · promoters 76.72% · institutions 85.63% · other public 16.31%
- To re-appoint Mr. Pratap Mohan (DIN: 03536047) as an Independent Director of the Company for a second term of 5 (five) yearsSpecial84.28% for15.72% against
Against: promoters 21.55% · institutions 0.00% · other public 8.89%
Turnout: all 38.55% · promoters 76.72% · institutions 85.63% · other public 16.31%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.