Megasoft Limited has informed the Exchange regarding 'Update on draft Scheme of Amalgamation amongst Sigma Advanced Systems Private Limited ( Transferor Company ) and Megasoft Limited ( Transferee Company ) and their respective shareholders and creditors under Section 230- 232 and other applicable provisions of the Companies Act, 2013 ( Scheme ). '.
SIGMAADV · price
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Awaiting price reaction for this filing.
Megasoft Limited has filed the First Motion of Joint Application with the NCLT Chennai Bench for its proposed amalgamation with Sigma Advanced Systems Private Limited under Sections 230-232 of the Companies Act, 2013. This follows the no-objection/observation letters received from BSE and NSE on May 16, 2025. Sigma Advanced Systems is the Transferor Company and Megasoft is the Transferee Company. The filing moves the scheme one step closer to NCLT approval, though the swap ratio, shareholder voting, and final sanction are still pending.
This is a procedural step towards the amalgamation, not an immediate value trigger. Shareholders should watch for the NCLT hearing date, the share swap ratio announcement, and the outcome of the shareholder and creditor meetings that will follow before final approval.