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Megasoft Limited announced the outcome of its Board Meeting held on January 2, 2026, detailing key approvals and notes regarding the amalgamation with Sigma Advanced Systems Private Limited.

The Board noted the receipt of the certified true copy of the order dated December 16, 2025, passed by the National Company Law Tribunal (NCLT), Chennai Bench, sanctioning the Scheme of Amalgamation. The effective date of the Scheme was established as December 31, 2025, which is the date the NCLT order was filed with the Registrar of Companies. The appointed date for the scheme is April 1, 2024.

The approved share exchange ratio stipulates that 316 fully paid equity shares of Megasoft Limited (face value ₹10 each) will be issued for every 100 fully paid equity shares of Sigma Advanced Systems Private Limited (face value ₹10 each). The record date for determining eligible shareholders of Sigma Advanced Systems Private Limited for the share issuance is set for Wednesday, January 14, 2026.

Following the amalgamation, the company's Memorandum of Association and Articles of Association will be amended. The Transferee Company's name will change to ‘SIGMA ADVANCED SYSTEMS LIMITED’. The authorised share capital will be consolidated to ₹250,00,00,000 (Rupees Two Hundred and Fifty Crores only), comprising 25,00,00,000 equity shares of ₹10 each.

The Board also noted compliance with Regulation 17 of SEBI LODR Regulations, 2015, regarding minimum board constitution for the quarter ended September 30, 2025, and advised management on future compliance. The Board took note of 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 include a guarantee of up to GBP 5.80 Mn for Secure Trust Bank PLC, United Kingdom, and up to GBP 1.50 Mn each for Thyssenkrupp Materials (UK) Limited and Blaenavon Forgings Limited. While these guarantees represent contingent liabilities, they do not have an immediate financial impact on the company.