Chintalapati Holdings Private Limited has completed a major acquisition in Sigma Advanced Systems Limited (formerly Megasoft Limited), securing a substantial 46.31% stake through a scheme of amalgamation. The transaction, disclosed under SEBI regulations on January 21, 2026, represents one of the significant corporate restructuring activities in the technology sector.

Amalgamation Details and Regulatory Approval

The acquisition stems from the amalgamation of Sigma Advanced Systems Private Limited into Sigma Advanced Systems Limited, which received approval from the Hon'ble NCLT Chennai on December 16, 2025. Following the merger order, the Board of Directors of Sigma Advanced Systems Limited convened on January 16, 2026, to approve the allotment of equity shares to shareholders of the transferor company.

Share Capital Transformation

The amalgamation has resulted in a significant expansion of Sigma Advanced Systems' equity base. The company's total equity share capital witnessed substantial growth following the completion of the merger process.

Regulatory Compliance and Disclosure

Chintalapati Holdings Private Limited, identified as a promoter group entity, has fulfilled its disclosure obligations under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company, incorporated with CIN U65921TG2000PTC033327 and headquartered in Hyderabad, formally notified the stock exchanges and Sigma Advanced Systems about the substantial acquisition.

The disclosure confirms that Chintalapati Holdings had no prior shareholding in Sigma Advanced Systems before this acquisition. The entire 46.31% stake was acquired solely through the amalgamation process, with the shares carrying full voting rights and no encumbrances.

Corporate Structure Impact

Sigma Advanced Systems Limited, listed on both NSE and BSE, has undergone significant ownership restructuring with Chintalapati Holdings emerging as the largest shareholder. The company, previously known as Megasoft Limited, operates in the technology sector and is now positioned with a strengthened promoter base following the successful completion of the amalgamation scheme.

Sigma Advanced Systems Limited (formerly Megasoft Limited) has successfully completed its amalgamation process with Sigma Advanced Systems Private Limited, marking a significant milestone in the company's corporate restructuring journey. The Board of Directors approved the allotment of 10.25 crore equity shares and several other strategic decisions during their meeting held on January 16, 2026.

Share Allotment and Capital Structure

The company has allotted 10,24,69,664 fully paid equity shares of ₹10.00 each to shareholders of Sigma Advanced Systems Private Limited pursuant to the approved scheme of amalgamation. This allotment significantly expands the company's equity base and completes the merger process that had received regulatory approvals.

Board Strengthening and Leadership

The Board appointed Mr. Raju Somashekar Baggavalli as Additional Director (Non-Executive, Independent) effective January 16, 2026. Lt Gen Baggavalli brings nearly four decades of senior leadership experience, having served as Vice Chief of the Army Staff and Director General of Military Operations. His extensive background in governance, strategic decision-making, and organizational leadership at national security levels adds significant value to the Board's oversight capabilities.

Corporate Identity and Office Relocation

The company has formalized its transformation from Megasoft Limited to Sigma Advanced Systems Limited, updating all corporate communications and digital presence. The registered office has been relocated from Kutchery Road, Mylapore, Chennai to Prestige Palladium, Nungambakkam, Chennai, while the corporate office has shifted to Hardware Park, Srisailam Road, Hyderabad.

The successful completion of this amalgamation process demonstrates the company's commitment to strategic growth and operational efficiency. The expanded equity base, strengthened Board composition, and updated corporate infrastructure position Sigma Advanced Systems for its next phase of business development.