Megasoft Limited announced the outcome of its Board Meeting held on January 2, 2026. The board noted and approved the sanctioning of the Scheme of Amalgamation between Sigma Advanced Systems Private Limited (Transferor Company) and Megasoft Limited (Transferee Company) by the National Company Law Tribunal (NCLT), Chennai Bench, through an order dated December 16, 2025. The effective date of the Scheme is December 31, 2025, which is the date the NCLT order was filed with the Registrar of Companies, Chennai. The appointed date for the scheme is April 1, 2024. The share exchange ratio has been set at 316 fully paid equity shares of ₹10 each in Megasoft Limited for every 100 fully paid equity shares of ₹10 each held in Sigma Advanced Systems Private Limited. The record date for determining eligible shareholders of the Transferor Company for receiving shares in the Transferee Company is Wednesday, January 14, 2026. Following the amalgamation, the Memorandum and Articles of Association of Megasoft Limited will be amended. The Transferee Company will be renamed 'SIGMA ADVANCED SYSTEMS LIMITED', and its authorized share capital will be consolidated to ₹250,00,00,000, comprising 25,00,00,000 equity shares of ₹10 each. The Board also noted compliance with Regulation 17 of SEBI LODR Regulations, 2015 regarding board constitution for the quarter ended September 30, 2025, and advised management on future compliance. Furthermore, the Board acknowledged the subsidiary and associate companies of the Transferee Company from the appointed date: Indrajaal Drone Defence India Private Limited (Associate Company) and Indorus Opto Sights Private Limited (Subsidiary Company). Additionally, Megasoft Limited approved extending corporate guarantees on behalf of Nasmyth Group. These guarantees are for Secure Trust Bank PLC (up to GBP 5.80 Mn), Thyssenkrupp Materials (UK) Limited (up to GBP 1.50 Mn), and Blaenavon Forgings Limited (up to GBP 1.50 Mn). These guarantees are considered contingent liabilities with no immediate financial impact on the company. The Board meeting commenced at 2:30 PM and concluded at 3:30 PM.
