Megatherm Induction Limited has secured shareholder approval to provide loans, guarantees, or securities to its subsidiaries or other specified entities. The special resolution was passed with 99.98% of the valid votes cast in favor, following a remote e-voting process that concluded on May 29, 2026. This authorization permits the company to extend financial support under Section 185 of the Companies Act, 2013.

The postal ballot process was managed by scrutinizer Anjan Kumar Roy & Co, Company Secretaries. Voting commenced on April 30, 2026, and concluded on May 29, 2026, utilizing the electronic platform provided by National Securities Depository Limited (NSDL). The resolution was deemed passed on the final date of e-voting.

A total of 13,681,854 votes were cast in favor of the resolution by 13 voters, representing 99.9825% of the total valid votes. Conversely, 2,400 votes were cast against the resolution by 3 voters, accounting for 0.0175% of the total. There were no invalid votes recorded during the process.

The scrutinizer unblocked the remote e-voting module at 5:13 P.M. IST on May 29, 2026, in the presence of independent witnesses Sandip Paul and Sayan Bhattacharyya. The results have been submitted to the National Stock Exchange of India Ltd for record-keeping purposes.

Voting Results Summary

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.