Megasoft Limited announced the outcome of its Board Meeting held on January 16, 2026. The board approved the allotment of 10,24,69,664 equity shares of ₹10 each to the shareholders of Sigma Advanced Systems Private Limited as part of the Scheme of Amalgamation. Following this allotment, the company's total equity shares will stand at 1,76,23,97,050.

Furthermore, Mr. Raju Somashekar Baggavalli was appointed as an Additional Director (Non-Executive, Independent) of the company. The board also approved the shifting of the company's corporate office and its books of accounts to a new location in Telangana, effective January 16, 2026. Additionally, the registered office of the company in Chennai will be shifted within the city limits, also effective January 16, 2026.

In a significant development, the company's name has been changed from Megasoft Limited to Sigma Advanced Systems Limited. Concurrently, the investor email ID has been updated from investors@megasoft.com to investors@sigmaadvsys.com, and the company website has been changed from www.megasoft.com to www.sigmaadvsys.com. The board meeting commenced at 3:00 PM and concluded at 4:00 PM.