Megasoft completes Sigma merger, renames company and allots shares

Listed Co AcquisitionNclt Scheme FiledStrategic Transactions View source PDF Explain this filing

SIGMAADV · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-5.0%Reaction day

₹190.80

prior close

₹187.20

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-1.3%-3.7% vs market

On the reaction day the stock moved 3.7 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.5

10m

+1.0

15m

+1.0

30m

+0.9

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-5.0-1.3-3.7

Next day

-9.1-4.0-5.1

-13.5-4.8-8.8

-8.8-3.3-5.6

-7.5-5.3-2.2

-10.9-5.2-5.7

-7.3-3.7-3.6

15d

-0.5+3.6-4.0

-4.2+0.1-4.4

-13.8-8.9-4.9

+7.9+3.2+4.7

UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Megasoft merged with Sigma Advanced Systems Private Limited under Section 230-232 amalgamation. Board allotted 10.24 crore shares to Sigma shareholders, raising total shares to 176.24 crore. Company renamed to Sigma Advanced Systems Limited. Retired Lt Gen Raju Baggavalli appointed independent director. Offices shifted in Hyderabad and Chennai.

Likely market impact

Reverse merger done. Company renamed Sigma Advanced Systems. Shareholders diluted by 10.24 crore new shares. New director adds defence leadership.