Megasoft Limited has informed the Exchange regarding Proceedings of Court Convened General Meeting held on August 30, 2025
SIGMAADV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Megasoft Limited held a court-convened meeting of its equity shareholders on August 30, 2025, via video conferencing, as directed by the NCLT Chennai Bench. The sole business before the meeting was the proposed Scheme of Amalgamation of Sigma Advanced Systems Private Limited (transferor) into Megasoft Limited (transferee) under Sections 230-232 of the Companies Act, 2013. The NCLT-appointed Chairperson, Mr. Shashi Pratap Singh, conducted the meeting, while CDSL administered the e-voting facility. Remote e-voting ran from August 26 to August 29, 2025, with an additional e-voting window during the meeting itself. The meeting concluded at 11:00 A.M., and the scrutinizer's report along with the voting results is yet to be declared and filed with the stock exchanges.
The actual outcome of the shareholder vote is still pending and will determine whether the merger with Sigma Advanced Systems proceeds. Approval would advance the amalgamation; rejection could delay or derail the deal. Investors should wait for the formal voting result announcement for clarity on the merger's next steps.