Megamont Limited has announced its participation as a Sponsor and Diamond Partner at Globoil India 2026, held from September 29 to October 1, 2026, at The Westin Mumbai Powai Lake.

The company’s presence at this established annual gathering underscores its commitment to the global edible oils and oilseeds trade. Megamont aims to deepen relationships with partners, buyers, and policymakers across the value chain through this high-level sponsorship.

Event details and industry context

Globoil India is now in its 29th edition and serves as a leading platform for the edible oils, oilseeds, and allied agri-commodities sector in Asia. The event brings together senior professionals from over 60 countries.

The 2026 edition featured 60+ global speakers across 28 sessions covering themes such as commodity prices, global trade, sustainability, biofuels, and the future of the food industry. It also included the Globoil Awards 2026 Gala Night.

Strategic participation

Megamont participated at the Diamond Partner level, one of the highest sponsorship categories at the summit. This status provides enhanced brand visibility and opportunities to connect with senior decision-makers across the global edible oil ecosystem.

Key representatives from the company included Sunil Jain, Business Head for Veg Oils and Pulses, and Tejas Patil, Director of Megamont Limited. The participation is intended to help the company strengthen existing relationships, explore new business opportunities, and gain insights into developments shaping international edible oils and commodity markets.

Management commentary

Tejas Patil described the partnership as a significant moment for the company. He noted that Globoil brings together the entire edible oil ecosystem under one platform, creating valuable opportunities to connect with global leaders and industry experts. Patil added that participating at this level allowed the team to exchange perspectives on the evolving global market and understand emerging opportunities.

Sunil Jain expressed delight at being part of the prestigious industry platform. He stated that the company looks forward to building stronger partnerships and creating greater opportunities in the global edible oils and agri-commodities space.

About Megamont Limited

Megamont Limited is an international trading and supply-chain company engaged in sourcing and supplying industrial raw materials, metals, energy commodities, edible oils, and agricultural commodities across global markets. The company operates across diverse product portfolios including:

• Edible oils and agri commodities
• Metals and mining resources
• Building materials
• Industrial chemicals and rubber
• Machinery and equipment
• Electronics and technology
• Energy and petrochemical products

With sourcing relationships across India, CIS, China, Brazil, South Africa, Russia, and Europe, Megamont combines sourcing, trade structuring, trade finance, logistics, and risk management to connect global producers with industrial and commercial buyers.

Megamont promoters and the Parushana Suyash Chhajed group increased their shareholdings following warrant conversions on September 3, 2026.

Promoters Minal Gaurav Patil and Maddukuri Mounica raised their stake to 60.22%, while Parushana Suyash Chhajed and Persons Acting in Concert (PACs) increased their holding to 6.89%.

Promoter Acquisition Details

The promoters converted warrants issued on a preferential basis, adding 40,80,000 shares to their portfolio pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to this move, the promoters held 1,60,11,146 shares, representing 55.44% of total voting capital and 47.99% of diluted voting capital. There were no encumbrances or pledges on these shares.

Non-Promoter Acquisition Details

Parushana Suyash Chhajed, along with PACs Synergy Technoeco Consultancy Pvt. Ltd and Suyash Rajendra Chhajed, acquired 4,00,000 shares through the same warrant conversion mechanism. This group is not part of the promoter circle.

The acquisition raised the Chhajed group's stake from 6.58% to 6.89% of the total voting capital. Like the promoters, there were no encumbrances on these shares.

Capital Structure Impact

The combined conversions expanded Megamont Limited's equity share capital from 1,48,91,806 shares (as per promoter filing context) or 2,88,81,806 shares (as per Chhajed filing context prior to specific tranche conversion) to a final post-conversion total of 3,33,61,806 shares. Each equity share has a face value of ₹10.

The total diluted share/voting capital after the acquisitions stands at 3,33,61,806 equity shares, indicating no further outstanding convertible securities from these specific instruments.