Megasoft Limited has announced a key leadership addition to its Board of Directors with the appointment of Dr. Cheemarla Damodar Reddy as Additional Director (Non-Executive, Non-Independent), effective December 22, 2025.

Regulatory Filing and Compliance

The company has formally notified BSE Limited and National Stock Exchange of India Limited about the appointment through an official communication dated December 23, 2025. The appointment was approved through a Circular Resolution dated December 22, 2025, at 11:08 PM, based on the recommendation of the Nomination and Remuneration Committee.

Professional Background and Expertise

Dr. Cheemarla Damodar Reddy brings substantial industry experience to Megasoft's Board. He is a highly accomplished professional with over 37 years of distinguished experience in the field of Electronics and Communication. His career includes more than three decades as an entrepreneur and Founder Director of Sigma Advanced Systems.

Dr. Reddy's expertise spans several critical areas including technical project management, strategic business development, and organizational leadership. He is recognized as a widely acknowledged leader within the Indian Defence and Aerospace ecosystem.

International Experience and Technology Transfer

During the early stages of his career, Dr. Reddy worked in the United States and Canada, where he played a pivotal role in the transfer of advanced technologies. His international experience particularly focused on embedded systems and data acquisition systems, leading the successful execution of several high-impact programmes for the Defence and Aerospace sector.

Regulatory Compliance and Independence

The company has confirmed that Dr. Cheemarla Damodar Reddy is not debarred from holding the office of Director by virtue of any order of Securities and Exchange Board of India or any such authority, in accordance with the circular dated June 20, 2018, issued by the exchanges. Additionally, he is not related to any of the existing Directors of the Company.

Strategic Appointment Impact

This appointment reflects Megasoft Limited's commitment to strengthening its Board composition with experienced professionals who can contribute to the company's strategic direction and governance practices. The addition of Dr. Reddy's expertise in Electronics and Communication, combined with his entrepreneurial background, aligns with the company's operational focus and growth strategy in the technology sector.

Megasoft Limited , an aerospace and defence sector company, has received final approval from the National Company Law Tribunal (NCLT) Chennai for its scheme of amalgamation with Sigma Advanced Systems Private Limited. The tribunal sanctioned the scheme on December 16, 2025, marking a significant milestone in the company's strategic expansion.

NCLT Final Order and Regulatory Approval

The NCLT Chennai Division Bench pronounced its final order on December 16, 2025, approving the scheme of amalgamation between Sigma Advanced Systems Private Limited (Transferor Company) and Megasoft Limited (Transferee Company). The order was made accessible on the NCLT website on December 19, 2025.

Financial Performance Highlights

The company's recent financial results demonstrate exceptional growth, primarily driven by a significant property sale transaction. For the half-year ended September 30, 2025, Megasoft reported remarkable financial improvements across all key metrics.

The exceptional growth was largely attributed to the sale of landed property in April 2025, which resulted in a profit of ₹18,463.74 crore.

Strategic Rationale and Benefits

The amalgamation scheme is designed to create synergistic benefits for both companies in the aerospace and defence sector. Megasoft will gain ready access to defence business technology, reducing the gestation period for entering the profitable defence sector. The company will acquire Sigma's well-established brand and track record with inherent experience in the defence space.

Regulatory Compliance and Next Steps

The company has fulfilled all statutory requirements, including obtaining approvals from various regulatory authorities. The effective date of the scheme will be determined when the certified true copy of the NCLT order is filed with the jurisdictional Registrar of Companies, Chennai.

Megasoft maintains its focus exclusively on the aerospace and defence segment, with operations across Chennai and Hyderabad offices. The company's balance sheet has been significantly strengthened, with total assets of ₹37,352.08 crore as of September 30, 2025.