Sigma Advanced Systems Limited has disclosed details of a share acquisition by Yash Dubey following the completion of its scheme of amalgamation with Megasoft Limited. The disclosure was made under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The acquisition occurred as a result of the scheme of amalgamation between Megasoft Limited and Sigma Advanced Systems Limited becoming effective. Under this arrangement, equity shareholders of Sigma Advanced Systems Private Limited were allotted equity shares according to the predetermined share exchange ratio.

Regulatory Framework

The acquisition is exempt from making an open offer under Regulation 10(1)(d)(ii) of SEBI Takeover Regulations, which covers acquisitions pursuant to a scheme of amalgamation. The company confirmed that no prior disclosure under Regulation 10(5) was required for this transaction.

Sigma Advanced Systems Limited's shares are listed on both BSE Limited and National Stock Exchange of India Limited, making this disclosure applicable across both exchanges.

Shareholding Changes

The transaction resulted in a change in shareholding pattern for the acquirer:

The acquirer, Yash Dubey, held no shares in Sigma Advanced Systems Limited prior to this transaction. Following the completion of the amalgamation scheme, the shareholding increased to 47,716 shares, representing 0.0271% of the company's total diluted share capital.

Compliance and Documentation

The disclosure has been filed in accordance with the exemption provisions under SEBI regulations for acquisitions through amalgamation schemes. The company has fulfilled its regulatory obligations by providing comprehensive details of the transaction, including the rationale, shareholding changes, and relevant regulatory framework governing the acquisition.

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.