NCLT sanctions amalgamation of Sigma Advanced Systems into Megasoft

Listed Co AcquisitionNclt Scheme FiledStrategic Transactions View source PDF Explain this filing

SIGMAADV · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+2.3%Reaction day

₹202.29

prior close

₹200.90

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.5%+2.8% vs market

On the reaction day the stock moved 2.8 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.4

10m

-1.4

15m

-1.9

30m

+3.1

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+2.3-0.5+2.8

Next day

-3.7-1.3-2.4

-6.0-1.4-4.6

-6.1+0.0-6.1

-2.4+0.2-2.6

+2.5+1.2+1.3

-0.1+0.8-0.9

15d

-10.4-5.1-5.3

-16.0-8.8-7.2

-21.9-4.5-17.4

-23.2-13.7-9.6

UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Megasoft Limited received the Certified True Copy of NCLT Chennai order dated Dec 16, 2025, sanctioning the amalgamation of Sigma Advanced Systems Pvt Ltd into Megasoft Ltd. Swap ratio: 316 Megasoft shares for every 100 SASPL shares. Appointed date April 1, 2024. Post-merger, Megasoft will rename to Sigma Advanced Systems Ltd. Deal aims to bring SASPL defence and aerospace business into Megasoft.

Likely market impact

New Megasoft shares will be issued to SASPL holders at the swap ratio, likely diluting existing Megasoft shareholders. Megasoft pivots into defence and will rename to Sigma Advanced Systems Ltd.