Electrotherm (India) Ltd: ED Issues Provisional Order

Electrotherm (India) Limited (NSE: ELECTHERM, BSE: 526608) has issued a regulatory disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, detailing fresh enforcement actions taken by the Directorate of Enforcement (ED), Ahmedabad Zonal Office. On September 25, 2026, the ED issued a Provisional Attachment Order under Section 5(1) of the Prevention of Money Laundering Act, 2002 (PMLA), freezing additional corporate bank balances and attaching promoter equity holdings Legal Status & Pending Challenges Electrotherm and its executives are contesting the underlying cases across multiple judicial platforms: Petition to Quash CBI FIR: Filed in the Hon'ble Gujarat High Court in April 2024. The High Court issued a notice regarding interim relief on April 26, 2024, and the petition remains pending. Challenge Against Bank Account Freezing: Challenged before both the Hon'ble Gujarat High Court and the Hon'ble PMLA Appellate Tribunal, New Delhi. Petition to Quash ED's ECIR: A petition requesting the quashing of the ED's Enforcement Case Information Report (ECIR) is currently pending before the Hon'ble Gujarat High Court. Special PMLA Court Proceedings: ED filed a prosecution complaint under Section 44(1)(b) read with Section 45(1) of the PMLA before the Special Court for PMLA Cases at Ahmedabad. Notices under Section 233 of the Bharatiya Nagarik Suraksha Sanhita, 2023 (BNSS) have been issued for a hearing on cognizance. Next Actions: The company has initiated the process of obtaining legal advice to determine appropriate legal steps to challenge the provisional attachment order.