Megasoft Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 27, 2025-Submission of Summary of Proceedings of 25th Annual General Meeting (AGM) of Megasoft Limited as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Megasoft Limited held its 25th AGM on Saturday, September 27, 2025, at 10:00 AM via Video Conferencing, which concluded at 10:35 AM. Four items of business were taken up: (1) adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025; (2) re-appointment of Mr. Sunil Kumar Kalidindi (Executive Director & CEO) as a Director retiring by rotation; (3) appointment of a Branch Auditor; and (4) appointment of M/s. M. Damodaran & Associates as Secretarial Auditors for a five-year term (FY2025-26 to FY2029-30). The CEO highlighted the company's continuing expansion into the Aerospace & Defence sector and its strategy to grow through inorganic means. He also informed members that the Scheme of Amalgamation with Sigma Advanced Systems Private Limited has received approvals from BSE, NSE, and SEBI, and the company is now awaiting NCLT approval. Remote e-voting was conducted from September 23 to September 26, 2025, and results are to be declared within two working days.
The most material update for shareholders is the progress on the merger with Sigma Advanced Systems, which has cleared exchange and SEBI approvals and now awaits only NCLT clearance — a key milestone to watch. E-voting outcomes on the four resolutions (especially auditor appointments and director re-appointment) are pending and will be disclosed shortly, but no contentious items were flagged in the proceedings.