Loan & Debt19 Oct 2025, 05:16 am
Megasoft Ltd Approves Loan Agreement with Subsidiary Sigma Advanced Systems UK LTD
AI Summary
Megasoft Limited's Board of Directors has approved entering into a Loan Agreement with its wholly owned subsidiary, Sigma Advanced Systems UK LTD, during a board meeting held on October 18, 2025. The purpose of the agreement is to grant a loan of up to GBP 20.00 Million to the subsidiary for potential acquisitions in the Aerospace and Defense sectors in the US and/or UK, in line with the company's strategic growth plans.
Key Highlights
- Loan Agreement between Megasoft Limited and Sigma Advanced Systems UK LTD
- Loan amount: up to GBP 20.00 Million
- Purpose: enabling subsidiary to make potential acquisitions in Aerospace and Defense sectors
- Loan term: 3 years or on demand (whichever is earlier)
- Interest rate: 8.25% per annum, compounded annually