Sigma Advanced Systems and Indrajaal announce 250 crore counter-drone partnership

Marquee Jv AnnouncedStrategic Transactions View source PDF Explain this filing

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

+4.5%Reaction day

₹172.80

prior close

₹180.00

announcement price

After-mkt

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+1.3%+3.2% vs market

On the reaction day the stock moved 3.2 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

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Reaction day

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Next day

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AI summary

Megasoft, now renamed Sigma Advanced Systems, announced a long-term strategic partnership with Indrajaal Drone Defence worth about 250 crore in first-year contracts. Sigma will exclusively supply radar, sensing, jamming, and spoofing subsystems for Indrajaal's counter-drone platforms. The tie-up also opens EU and NATO defence market access for Indrajaal via Sigma's European arm Nasmyth. The deal marks Sigma's strategic shift toward IP-led defence electronics.

Likely market impact

Material revenue boost in year one, validates indigenous defence tech positioning, and may lift investor sentiment on the stock.