Megasoft Limited: NCLT Sanctions Amalgamation Scheme with Sigma Advanced Systems
Megasoft Limited announced that the Hon'ble National Company Law Tribunal (NCLT), Chennai Bench, has passed a final order on December 16, 2025, sanctioning the Scheme of Amalgamation amongst Sigma Adv...
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Why is Megasoft Limited in the news today?
Megasoft Limited (MEGASOFT) is in the news due to the nclt sanctioning the amalgamation scheme is a positive development, indicating regulatory approval and progress towards the merger, which is expected to bring synergistic benefits.
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Megasoft Limited: NCLT Sanctions Amalgamation Scheme with Sigma Advanced Systems
December 19, 2025, 12:45 PM
Megasoft Limited announced that the Hon'ble National Company Law Tribunal (NCLT), Chennai Bench, has passed a final order on December 16, 2025, sanctioning the Scheme of Amalgamation amongst Sigma Advanced Systems Private Limited (Transferor Company) and Megasoft Limited (Transferee Company). This order was made accessible on the NCLT website on December 19, 2025.
The 'Appointed Date' for the Scheme is April 1, 2024. The Effective Date will be when the certified true copy of the NCLT order and the Scheme of Amalgamation are filed with the Registrar of Companies, Chennai.
The amalgamation is expected to yield synergistic benefits, allowing Megasoft to leverage its position in the Aerospace and Defence sector. The scheme involves a share swap ratio of 316 equity shares of Megasoft for every 100 equity shares of Sigma Advanced Systems. The NCLT has approved the scheme, noting that it is prima facie beneficial and that all requisite statutory compliances have been fulfilled. The NCLT order also details the transfer of properties, rights, liabilities, and employees, and directs the filing of revised Memorandum and Articles of Association.
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