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.