Electrotherm (India) Limited has submitted a formal clarification to BSE Limited regarding queries about significant volume increases in the company's shares. The steel sector company responded to BSE's surveillance department inquiry dated December 24, 2025, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company's Response to Volume Inquiry

The company addressed BSE's letter reference number L/SURV/ONL/PV/APJ/2025-2026/799 through its official communication dated December 24, 2025. Electrotherm stated that it is not aware of any specific reason for the significant increase in share volume across exchanges, describing the movement as purely market-driven.

Regulatory Compliance Confirmation

Electrotherm reaffirmed its commitment to regulatory compliance in its response to the exchange. The company confirmed that it has consistently informed stock exchanges of all events and information as required under Regulation 30 of SEBI regulations.

The management emphasized that all price-sensitive information that may impact the company's operations or performance has been disclosed appropriately. The company assured continued compliance with disclosure requirements under the applicable regulatory framework.

Management Authorization

The clarification was signed by Fageshkumar R. Soni, Company Secretary and Compliance Officer (Membership No.: F8218), demonstrating senior management oversight of regulatory communications. The company maintains its registered office at Survey No. 72, Palodia, (Via Thaltej, Ahmedabad), Gujarat-382115, with head office at Bodakdev, Ahmedabad.

Alok Industries Limited has announced that its subsidiary, Alok Industries International Limited (AIIL), has entered into an agreement to sell its entire stake in Czech textile manufacturing unit Mileta a.s. The buyer, CRESCON a.s., will acquire the stake for a cash consideration of EUR 558,825, equivalent to approximately ₹5.00 crore.

Transaction Details

The Share Purchase Agreement was signed on December 16, with the following key details:

About Mileta a.s.

Mileta a.s. operates in the textile manufacturing sector with diversified business activities including manufacturing of textile fibers, fabrics, and other textile goods. The company also engages in wholesale trade, yarn dyeing, and chemical processing of fabrics.

Financial Performance

Mileta's financial contribution to Alok Industries' consolidated operations shows moderate scale:

For context, Alok Industries reported a consolidated net worth of negative ₹16,755.15 crore, highlighting the company's ongoing financial restructuring efforts.

Transaction Structure and Timeline

The Share Purchase Agreement is subject to certain customary closing conditions typical of such transactions. The deal is structured as a straightforward asset divestment with completion expected by March 2026. Upon successful closure, Mileta will cease to be a subsidiary of Alok Industries, effectively removing its operations from the company's consolidated financial statements.

CRESCON, a.s. does not belong to the promoter, promoter group, or group companies of Alok Industries, making this a non-related party transaction. The company received intimation about the SPA execution on December 16, 2025, at 5:48 PM, ensuring compliance with disclosure requirements under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.