Megasoft Limited has informed the Exchange regarding Notice of Postal Ballot-Postal Ballot Notice Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Megasoft Limited has issued a Postal Ballot Notice to seek shareholder approval for three special resolutions aimed at supporting its growth and expansion plans in the Aerospace and Defence sector. The key proposal is to enhance the overall borrowing limit from the existing Rs. 200 crores to Rs. 800 crores — a four-fold increase. The company is also seeking approval to create security/charge on its assets up to Rs. 800 crores and to grant loans, investments, and corporate guarantees up to Rs. 800 crores. The Board approved these proposals on July 16, 2025. E-voting will take place from August 4, 2025 to September 2, 2025.
This is a capacity-building move rather than an immediate debt action — the company is giving itself room to raise up to Rs. 800 crores for future growth in Aerospace and Defence. For shareholders, a 'Yes' vote expands the Board's financial flexibility but also signals significant capex or acquisition intent. Watch for the actual fund-raising or deal announcements that may follow if these resolutions pass.