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The latest announcement is out from Megasoft Limited ( (IN:MEGASOFT) ).
Megasoft Limited, a company listed on the BSE and NSE, has been fined for non-compliance with SEBI’s Regulation 17 regarding board composition. The company fell short of the required number of directors following a resignation. Megasoft is currently in the process of amalgamating with Sigma Advanced Systems Private Limited, which will include reconstituting its board to meet regulatory requirements. The fine, totaling Rs. 5,42,800, does not materially impact the company’s financials or operations, and Megasoft is taking steps to address the compliance issue.
More about Megasoft Limited
Average Trading Volume: 47,654
Technical Sentiment Signal: Strong Buy
Current Market Cap: 14.76B INR
Learn more about MEGASOFT stock on TipRanks’ Stock Analysis page.