FilingReader Intelligence

Megasoft funds subsidiary's aerospace and defense acquisition drive

October 18, 2025 at 09:09 AM UTCBy FilingReader AI

Megasoft Limited announced that its board of directors, in a meeting held on October 18, 2025, approved a loan agreement with Sigma Advanced Systems UK LTD, a wholly-owned subsidiary. This agreement facilitates a loan of up to £20.00 million, extended in one or more tranches, to enable the subsidiary to pursue potential acquisitions in the aerospace and defense sectors in the US and UK.

The unsecured loan carries an interest rate of 8.25% per annum, compounded annually, with a tenure of 3 years. Repayment is expected within 3 years or on demand, whichever is earlier. The transaction is classified as a related-party transaction but is conducted at arm’s length. The execution of the agreement is anticipated on or before October 31, 2025.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:MEGASOFTBombay Stock Exchange

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