Megasoft Limited has informed the Exchange regarding 'Board comments on fine levied by the Exchange .
SIGMAADV · price
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The NCLT Chennai Bench has approved the merger of Sigma Advanced Systems Private Limited into Megasoft Limited, with an effective date of December 31, 2025 and an appointed date of April 1, 2024. Under the scheme, shareholders of Sigma Advanced Systems will receive 316 Megasoft equity shares for every 100 shares held, with the record date set for January 14, 2026. As part of the merger, the company will change its name to 'SIGMA ADVANCED SYSTEMS LIMITED' and consolidate its authorised share capital to ₹250 crore (25 crore equity shares of ₹10 each). The Board also acknowledged payment of a SEBI fine for non-compliance with Regulation 17 (minimum 6 directors) for the quarter ended September 30, 2025. Additionally, two new entities — Indrajaal Drone Defence India (Associate) and Indorus Opto Sights (Subsidiary) — are now part of the group from the appointed date. The Board also approved corporate guarantees totalling GBP 8.80 million on behalf of the UK-based Nasmyth Group to three lenders.
This is a transformative event — Megasoft is effectively pivoting into a defence-tech entity (drone defence, opto sights, UK aerospace forgings) through the Sigma Advanced Systems merger, which also drives the name change. Existing Megasoft shareholders gain exposure to defence and aerospace businesses, while Sigma shareholders receive Megasoft stock. The SEBI fine is a minor compliance issue already settled, and the UK corporate guarantees represent contingent liabilities (not immediate cash outflow) supporting overseas operations.