Megatherm Induction Limited filed a regulatory disclosure with the National Stock Exchange of India Ltd on April 3, 2026, pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulation, 2011. The filing pertains to the financial year ended March 31, 2026, and contains declarations received from the company's promoters regarding encumbrance on their shareholding.

Disclosure Overview

The submission was made by Abanti Saha Basu, Company Secretary & Compliance Officer of Megatherm Induction Limited, from the company's registered office at Megatherm Tower, Plot L1, Block GP, Sector-V, Electronics Complex, Salt Lake City, Kolkata - 700 091. The filing is referenced under the company's internal reference number NSE/2026-27/02.

Promoter Declarations

Three separate declarations were submitted by the promoters of Megatherm Induction Limited, each dated April 1, 2026. All declarations were addressed to both the Listing Department of the National Stock Exchange of India Ltd and the Chairman of the Audit Committee of Megatherm Induction Limited.

The key details of each declaration are summarised below:

Megatherm Electronics Private Limited's declaration was signed by Shesadri Bhusan Chanda in his capacity as Director (DIN: 00961593) of the promoter entity.

Nature of the Disclosure

Each promoter, along with persons acting in concert, has declared that no new encumbrance — whether direct or indirect — was created on their shareholding in Megatherm Induction Limited during the financial year ended March 31, 2026, beyond what had already been disclosed. This disclosure is a mandatory annual compliance requirement under the SEBI Takeover Regulations, aimed at ensuring transparency in promoter shareholding and any pledging or encumbrance activity.

Megatherm Induction , a key player in the induction heating equipment industry, has announced ambitious growth projections for the current financial year and beyond. The company's optimistic outlook signals potential opportunities in the industrial heating sector.

Robust Growth Expectations

Megatherm Induction is anticipating a strong performance in the ongoing financial year, with projected growth ranging between 15% to 20%. This forecast underscores the company's confidence in its market position and the demand for its induction heating solutions.

Order Book Set to Surge

Adding to the positive outlook, Megatherm Induction expects a significant boost to its order book. While specific figures were not disclosed, the company's statement suggests a substantial increase in incoming orders, which could provide a solid foundation for future revenue growth.

Long-Term Expansion Plans

Looking beyond the immediate future, Megatherm Induction has set its sights on aggressive expansion. The company has outlined plans for multi-fold growth over the next three to four years. This ambitious target indicates Megatherm's strategic intent to capitalize on market opportunities and potentially increase its market share in the induction heating equipment sector.

Industry Implications

The optimistic projections from Megatherm Induction may reflect broader positive trends in the industrial heating equipment market. As industries continue to seek energy-efficient and precise heating solutions, companies specializing in induction technology could be well-positioned for growth.

Investors and industry observers will likely keep a close watch on Megatherm Induction's performance in the coming quarters to see if these projections materialize into tangible results. The company's ability to secure and fulfill a larger order book will be crucial in achieving its ambitious growth targets.