Megatherm Induction Credit Rating
CRISIL Ratings has upgraded Megatherm Induction Limited's long-term rating to 'CRISIL BBB+/Stable' and short-term rating to 'CRISIL A2'. The upgrade applies to bank facilities totaling Rs. 105 Crore.
- Value
- ₹105.0 Cr
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CRISIL Ratings has upgraded Megatherm Induction Limited's long-term rating to 'CRISIL BBB+/Stable' and short-term rating to 'CRISIL A2'. The upgrade applies to bank facilities totaling Rs. 105 Crore.
Megatherm Induction Limited held its 16th Annual General Meeting on August 29, 2026. The proceedings covered routine business, including adopting financial statements and appointing auditors.
Megatherm Induction Limited notified the exchange about dispatching letters to unregistered shareholders providing the web-link to access the FY 2025-26 Annual Report.
Megatherm Induction Limited has issued a notice for its 16th Annual General Meeting scheduled for August 29, 2026. Shareholders will deliberate on audited financial statements and director re-appointments.
Megatherm Induction Limited executed a joint venture agreement with Smart Induction Converter Technologies S.L. (SicTech) for manufacturing induction converter modules.
Megatherm Induction Limited has executed an unsecured loan agreement with its joint venture entity, Megatherm Cyprium INC, for corporate and operational purposes.
Megatherm Induction Limited re-appointed M S K A & Associates LLP as Statutory Auditor for a 60-month term. The board approved this reappointment on August 1, 2026.
The board approved the reappointment of statutory auditors, a loan agreement of USD 500,000 (approx. ₹4.75 Crore), and the incorporation of a joint venture.
Megatherm Electronics Private Limited, the corporate promoter, purchased 4,800 shares on the exchange. This signals promoter confidence in the company's prospects.
Megatherm Induction Limited's H2 & FY26 call highlights incremental growth with revenue at ~₹350cr and PAT at ₹23.7cr. Strategy focuses on expanding the transformer business and scaling export markets for induction equipment.
CRISIL re-affirmed Megatherm Induction Limited's credit rating at 'CRISIL BBB/Stable' for Rs. 105 Crore bank facilities. This stable investment-grade rating reflects maintained creditworthiness.
Megatherm Induction Limited reports FY26 revenue of ₹3,528 Mn, up 9% YoY. Strategy focuses on high-margin Solar Transformers and global expansion in the Induction segment.
Megatherm Induction Limited announced the successful passage of a postal ballot resolution via remote e-voting. Shareholders approved providing loans or guarantees to subsidiaries with 99.98% majority.
Megatherm Induction Ltd reported revenue from operations of ₹187.2 Cr (+8.5% YoY) and net profit of ₹11.6 Cr (-3.3% YoY) for H2 FY26.
Megatherm Induction Limited reported FY26 total income of ₹352.83 Crore. The Board also approved utilization certificates for IPO proceeds during this session.
Megatherm Induction Limited will hold a board meeting on May 29, 2026, to consider audited financial results. This meeting reviews the company's yearly standalone performance.
Megatherm Induction Limited has issued a postal ballot notice to seek shareholder approval for a special resolution. The resolution proposes providing loans, guarantees, or security to subsidiaries and group entities up to ₹10 Crore. Voting concludes on May 29, 2026.
Megatherm Induction Limited has issued a postal ballot notice to seek shareholder approval via special resolution. The resolution proposes authorizing the Board to provide loans, guarantees, or securities up to ₹10 Crore to subsidiaries or other specified entities. The voting period concludes on May 29, 2026.
Megatherm Induction Limited has issued a postal ballot notice seeking shareholder approval to provide loans, guarantees, or security up to ₹10 Crore to subsidiaries or other entities. The e-voting period runs from April 30 to May 29, 2026, with results announced by June 1, 2026.
Megatherm Induction Limited has initiated construction of its fourth production facility to expand transformer manufacturing capacity. The expansion follows positive market feedback and a strong order pipeline. This strategic move aims to meet growing demand and scale the company's operational footprint.
Megatherm Induction Limited has announced the re-appointment of its Internal, Secretarial, and Cost auditors effective April 10, 2026. M A T R & Associates, Anjan Kumar Roy & Co., and Amit Khetan & Co. were re-appointed for a one-year term to ensure continued regulatory compliance and internal oversight.
Megatherm Induction Limited submitted an undertaking regarding the non-applicability of Corporate Governance provisions. As an SME-listed entity, the company is exempt from Regulation 27(2) of SEBI LODR Regulations, 2015. A supporting certificate from a Practising Company Secretary was enclosed for the record.
Megatherm Induction Limited submitted its Structured Digital Database (SDD) Compliance Certificate for the financial year ended March 31, 2026. Issued by M/s. TP & Associates, the certificate confirms the company has maintained a non-tamperable internal database with audit trails in compliance with SEBI (Prohibition of Insider Trading) Regulations.
Megatherm Induction Limited's Board approved the reappointment of M/s. M A T R & Associates as Internal Auditors, M/s. Anjan Kumar Roy & Co. as Secretarial Auditors, and M/s. Amit Khetan & Co. as Cost Auditors for the upcoming financial years.
Megatherm Induction Limited submitted its quarterly certificate under SEBI (Depositories and Participants) Regulations for the period ended March 31, 2026. The Registrar, Bigshare Services, confirmed that all company shares are held in dematerialized form and no rematerialization requests were received during the quarter.