Megasoft seeks approval to quadruple borrowing limit to INR 800 crores

Megasoft Limited is seeking shareholder approval to increase its borrowing limits from INR 200 crores to INR 800 crores to fund organic and inorganic growth in the aerospace and defense sectors.

Shareholders will also vote on creating security on company assets to back these borrowings and increasing the limit for granting loans, investments, and corporate guarantees to INR 800 crores.