Megasoft Limited — Board Meeting, 18-10-2024: Outcome of Board Meeting

Megasoft Limited's Board of Directors has approved the amalgamation of Sigma Advanced Systems Private Limited into Megasoft. The merger, which is subject to approval from shareholders and regulatory authorities, aims to leverage synergies in the aerospace and defense sectors. The share exchange ratio is set at 316 Megasoft shares for every 100 Sigma shares. This strategic move is expected to enhance operational efficiencies and market positioning for both entities.