Electrotherm Board Meeting Approves Appointment of Two New Directors

Electrotherm Board Meeting Approves Appointment of Two New Directors​

Electrotherm (India) Ltd. announced significant changes following its Board meeting held on July 20, 2026. The company approved the appointment of two senior executives, Mr. Raj Kumar Bansal and Mr. Harish Mukati, to key directorial positions.

The appointments saw Mr. Raj Kumar Bansal appointed as an Additional Director and Non-Executive Independent Director, while Mr. Harish Mukati was brought on board as an Additional Director and Whole Time Director & Chief Executive Officer (CEO).

Appointment of Mr. Raj Kumar Bansal​

Mr. Raj Kumar Bansal, a seasoned Chartered Accountant with nearly 40 years of experience in the Banking and Asset Reconstruction Company industry, has been appointed to serve as an Independent Director. His tenure is set for five consecutive years, effective from July 20, 2026, until July 19, 2031. He will continue as an Additional Director until the next Annual General Meeting.

Mr. Bansal’s extensive background includes serving as the Managing Director and CEO of Edelweiss Asset Reconstruction Ltd. (EARC) from June 2018 to May 2024. Previously, he served as President of Edelweiss Financial Services Limited until June 2026. His experience also encompasses roles such as CEO of StockHolding Corporation of India Limited (SHCIL), IDBI Mutual Fund, and IDBI Federal Life Insurance.

A summary of Mr. Bansal’s profile and the appointment details is provided below:

Appointment of Mr. Harish Mukati​

Mr. Harish Mukati, currently the Chief Executive Officer (Steel Division) of the company, was appointed as an Additional Director and Whole Time Director & CEO, effective from July 20, 2026. As a Whole Time Director and CEO, his appointment is set for a three-year period, concluding on July 19, 2029, subject to shareholder approval.

Mr. Mukati holds over 25 years of experience in the strategic planning and business operations within the engineering and steel industries. He possesses a Bachelor of Engineering in Civil & Structural Engineering from National Institute of Technology Bhopal and completed Executive Management Studies from IIM - Ahmedabad. Before his appointment, he had been associated with the company as CEO of the Steel Division since November 14, 2024.

The details regarding Mr. Mukati’s appointment are outlined in the table below:


The Board meeting commenced at 11:45 a.m. and concluded at 01:20 p.m. on July 20, 2026.

ELECTHERM Stock Price Movement​

Shares of Electrotherm (India) Limited are shedding value during the day, dipping by 0.47% to reach ₹1047.2 as of 2:02 PM in live trading. The stock sits under its day high of ₹1075.8, with 5,316 shares having traded thus far into the session.