Megasoft Limited has informed the Exchange about General Updates- Sub: Proceedings of the meeting of the Equity Shareholders of Megasoft Limited held on Saturday, August 30, 2025 at 10.00 A.M pursuant to the order of the Hon'ble National Company Law Tribunal, Chennai Bench I. Ref: Intimation pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ).
SIGMAADV · price
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Megasoft Limited held a meeting of equity shareholders on August 30, 2025, at 10:00 AM via video conferencing, as directed by the NCLT Chennai Bench-I, to approve the Scheme of Amalgamation with Sigma Advanced Systems Private Limited (Transferor Company). The company secretary explained the rationale, synergies, share exchange ratio, valuation report, fairness opinion, and impact on shareholders. E-voting was conducted through CDSL from August 26 (9:00 AM) to August 29 (5:00 PM), with an additional window during the meeting. The meeting concluded at 11:00 AM, and the scrutinizer's report with voting results is yet to be declared and submitted to the stock exchanges.
This is a procedural update in the ongoing merger process. The actual shareholder approval outcome and subsequent NCLT sanction are still pending, so the stock may remain sensitive to the declared voting results. If approved, the listed entity Megasoft will absorb Sigma Advanced Systems, which could change its business profile.