Sigma Advanced Systems Limited has entered into a strategic acquisition agreement to purchase a 51% stake in AS Strategic Private Limited, a Delhi-based aerospace and defence company, for INR 20 crores. The Share Purchase Agreement was signed on February 10, 2026, marking a significant expansion of Sigma's presence in the aerospace and defence sector.

Acquisition Details

The transaction involves a cash consideration of INR 20 crores for acquiring 51% equity shareholding in AS Strategic Private Limited. The deal is structured as a straightforward equity purchase and is expected to be completed within 4 to 6 weeks.

Target Company Profile

AS Strategic Private Limited operates as a defence and space-focused company based in Delhi, India. The company has established long-term joint ventures and partnerships with leading European and global defence Original Equipment Manufacturers (OEMs). This strategic positioning provides access to established relationships within the European aerospace and defence ecosystem.

Financial Performance

AS Strategic has demonstrated remarkable growth trajectory over the past three years, with turnover increasing substantially:

The company's turnover growth from Rs. 2 lacs in March 2023 to Rs. 608 lacs in March 2025 reflects significant business expansion and operational scaling.

Strategic Rationale

According to the disclosure, this acquisition represents a key step in Sigma's strategy to build a globally embedded aerospace and defence platform. The transaction will provide Sigma Advanced Systems with access to AS Strategic's established joint ventures with major European Aerospace & Defence OEMs, enhancing its international market presence and technological capabilities.

Regulatory Compliance

The acquisition does not fall within related party transactions, and the promoter/promoter group/group companies have no interest in the entity being acquired. The Audit Committee and Board of Directors have approved the Share Purchase Agreement execution and proposed acquisition in accordance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No additional governmental or regulatory approvals are required for completing this transaction.

Megasoft Limited has completed its corporate rebranding to Sigma Advanced Systems Limited, marking a significant milestone in the company's evolution. The transformation includes both a new corporate identity and updated trading symbols across major Indian stock exchanges.

Regulatory Approvals and Timeline

The company secured essential regulatory clearances for the name change through a systematic approval process. The Ministry of Corporate Affairs granted approval through its Central Processing Center, issuing a fresh Certificate of Incorporation dated January 12, 2026. Subsequently, both major stock exchanges provided their consent on February 3, 2026.

Trading Symbol Transition

The stock exchanges will implement the new trading identity effective February 9, 2026. The company will trade under the symbol SIGMAADV, replacing its previous MEGASOFT designation across both BSE and NSE platforms.

Corporate Structure and Operations

Sigma Advanced Systems Limited operates under CIN L24100TN1999PLC042730, maintaining its established corporate registration framework. The company's operational headquarters remain at Hardware Park in Hyderabad, while its registered office continues in Chennai.

Key Corporate Details:

• Operational Address: Survey No 1/1, Plot No 24/A, Hardware Park, Hyderabad
• Registered Office: No.43/1, Prestige Palladium, 8th Floor, Chennai
• Company Secretary: Thakur Vishal Singh
• Website: www.sigmaadvsys.com

Compliance and Disclosure

The company fulfilled its disclosure obligations under Regulation 30 and 45 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Company Secretary Thakur Vishal Singh communicated the changes to both stock exchanges, ensuring transparent information flow to stakeholders and trading members.

The rebranding reflects the company's strategic positioning in advanced technology systems, as indicated by its new corporate identity. All existing shareholding patterns, corporate governance structures, and operational frameworks remain unchanged during this transition period.