Megasoft Limited — Others, 01-08-2025: Shareholders meeting

Megasoft Limited seeks shareholder approval via postal ballot to significantly increase its financial flexibility. The company proposes raising its overall borrowing limit from Rs 200 Cr to Rs 800 Cr, enabling it to secure these new loans by creating charges on its assets. Additionally, it aims to enhance its limit for making loans, investments, and corporate guarantees to other entities, also from Rs 200 Cr to Rs 800 Cr. These moves are crucial for funding Megasoft's growth and expansion plans, particularly in the Aerospace and Defence sectors, which is a key strategic focus. Shareholders will vote electronically until September 2, 2025.