Megasoft has informed that the Company is in receipt of an E-mail from BSE & National Stock Exchange of India for non-compliance within the provisions of the Regulation 17 of SEBI (LODR) Regulations, 2015. Post resignation of Krishna Yeachuri as Director, the Board comprises of 5 Directors as against the minimum requirement of 6 Directors as per Regulation 17 of SEBI (LODR) Regulations, 2015. The Company is in an advanced of an amalgamation of Sigma Advanced Systems Private Limited into Megasoft Limited and as part of the same the Company shall reconstitute the Board to be aligned with the requirement of Regulation 17 of the SEBI (LODR) Regulations, 2015. Details required to be disclosed under the SEBI Listing Regulations read with Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 have been provided as Annexure - I.

The above information is a part of company’s filings submitted to BSE.