Megasoft Limited — JV/Acquisition, 18-10-2024: Amalgamation/Merger

Megasoft Limited's Board has approved the amalgamation of Sigma Advanced Systems Private Limited into Megasoft. This strategic move, subject to necessary approvals, aims to enhance operations in the Aerospace and Defence sector, generating synergistic benefits and increased market presence. The share exchange ratio is set at 316 equity shares of Megasoft for every 100 shares of Sigma. The amalgamation is expected to provide operational revenues and expand growth opportunities for both companies.