Megasoft Limited has informed the Exchange regarding 'Update on 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 ). '.
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Megasoft Limited has shared an update on its ongoing scheme of amalgamation with Sigma Advanced Systems Private Limited, where Megasoft is the Transferee Company and Sigma Advanced Systems is the Transferor Company. The merger is being pursued under Sections 230-232 of the Companies Act, 2013, which means it will go through the National Company Law Tribunal (NCLT) for approval. This is an update filing, indicating the scheme process is already underway and moving through regulatory steps. No specific share swap ratio, valuation details, or timeline has been disclosed in this update. The amalgamation, once approved, would merge Sigma Advanced Systems Private Limited into Megasoft Limited.
For Megasoft shareholders, this amalgamation could expand the company's scale and operations, but the actual financial benefit depends on the swap ratio and valuation which are not yet disclosed. Investors should watch for further filings containing the swap ratio, NCLT hearing dates, and approval timeline.