Megasoft Limited has approved the amalgamation of Sigma Advanced Systems Private Limited (SASPL) into its operations. This merger is part of Megasoft’s strategic plan to strengthen its presence in the aerospace and defense sector. The board of directors gave the green light to this merger on October 18, 2024, which is expected to create synergies between the two companies.
Sigma, recognized for its expertise in the defense sector, will bring its comprehensive product portfolio, including advanced avionics, naval systems, and radar solutions, under Megasoft’s umbrella. The merger will allow both companies to leverage pooled resources, enhance operational efficiency, and access new markets, ultimately benefiting stakeholders.
The share exchange ratio for the merger has been set at 316 equity shares of Megasoft for every 100 shares of Sigma Advanced Systems. This amalgamation is subject to regulatory approvals, including from the National Company Law Tribunal (NCLT) and SEBI.
