Electrotherm declares unaudited Q1 FY27 results, approves preference share allotment

Electrotherm (India) Ltd announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors also approved the allotment of 1,09,50,000 6% Non-Cumulative Redeemable Preference Shares, amounting to ₹10,95,00,000, to existing shareholders in lieu of deemed redemption. Additionally, 10,50,000 preference shares were redeemed at par for ₹1,05,00,000 to a non-consenting shareholder as per NCLT order. The company also noted that the issuance and redemption of these preference shares will not be treated as an increase or reduction in share capital.