Megatherm Induction Limited — Board Meeting, 04-01-2025: Outcome of Board Meeting

Megatherm Induction Limited's Board has taken significant steps, including approving changes to the Memorandum and Articles of Association to incorporate a borrowing clause, and a related party transaction for the purchase of a complete shed building at the Kharagpur factory. A Postal Ballot is set for January 15 to February 13, 2025, for member approvals on these amendments and the appointment of Mr. Shravan Manjaya Shetty as an Independent Director. The Board also noted the completion of Mr. Siddhartha Sen's tenure as an Independent Director and reconstituted the Statutory Committees accordingly.