Megatherm Induction Limited — Others, 04-01-2025: Cessation

Mr. Siddhartha Sen will complete his term as an Independent Director of Megatherm Induction Limited, ceasing to be a part of the Board effective from the close of business on January 4, 2025. He has opted not to seek reappointment for a second term. This transition may prompt the company to evaluate potential candidates for board diversity and governance, especially in light of the ongoing focus on robust governance structures. Investors may view this as a potential change in leadership dynamics, although it does offer an opportunity for fresh perspectives on the Board going forward.