Rossell Techsys Limited has issued a corrigendum to the notice for its Extraordinary General Meeting (EGM) scheduled for October 15, 2026. This amendment addresses stock exchange observations regarding the proposed preferential issue of equity shares, specifically clarifying details on allottees.

The corrigendum supplements the original notice dated September 18, 2026, which sought member approval for issuing 25,72,898 fully paid-up equity shares of face value ₹2 each. The changes were necessitated by requests from BSE and NSE for additional disclosure under Regulation 28(1) of the SEBI Listing Regulations.

Enhanced Disclosure on Allottees

The primary modification involves the detailed breakdown of SBI Mutual Fund's participation in the preferential issue. Previously disclosed on an aggregate basis, the notice now specifies the scheme-wise allocation across six distinct funds managed by SBI Mutual Fund. Additionally, it identifies the ultimate beneficial owners for SBI Optimal Equity Fund - Long Term, a Category III Alternative Investment Fund.

The revised tables substitute the original entries in the resolution and explanatory statement, ensuring compliance with the Companies Act, 2013 and SEBI ICDR Regulations. The total number of shares and the aggregate amount remain unchanged at ₹299,99,99,068.

Scheme-Wise Allocation Details

The following table outlines the specific equity share allocation among SBI Mutual Fund schemes and the alternative investment fund:

Beneficial Ownership Clarification

For SBI Optimal Equity Fund - Long Term, the company clarified that identification of natural persons beyond the listed entity is not required. The fund is a scheme of SBI Alternative Equity Fund, managed by SBI Funds Management Limited, which is listed on both NSE and BSE. Consequently, the ownership chain ends at the listed investment manager, satisfying regulatory requirements without piercing the corporate veil further.

Procedural Updates

The corrigendum was sent electronically to all members prior to the commencement of remote e-voting on October 12, 2026. It is available on the company website, NSDL e-voting portal, and stock exchange websites. All other contents of the original EGM notice remain unchanged, with the corrigendum forming an integral part of the notice from October 9, 2026.

Rossell Techsys reported its highest-ever revenue for FY26, with top line expanding 87% to ₹485 crore from ₹259 crore in the previous year. The company also recorded a Profit Before Tax of ₹28 crore, marking a defining year of growth and operational transformation.

The annual general meeting, held on September 24, 2026, highlighted significant order visibility. Rossell concluded the fiscal year with strategic agreements aggregating approximately ₹3,000 crore and confirmed purchase orders worth approximately ₹800 crore. This backlog provides substantial confidence for capacity expansion and talent acquisition to support future demand.

Strategic expansion and sector diversification

While Aerospace & Defense remains the core business, the company is actively diversifying into semiconductor equipment manufacturing and commercial aerospace segments in the United States and Europe. To support this growth, Rossell leased an additional 2,10,000 square feet facility within its existing Aerospace Park. This new infrastructure is dedicated to Semiconductor and Space programs, allowing the existing facility to focus on Aerospace & Defense operations.

The company also received AS9110 Maintenance, Repair and Overhaul (MRO) certification and a Domestic Tariff Area (DTA) licence. These certifications enable participation in India's aviation maintenance ecosystem and broader domestic aerospace markets. Workforce strength increased from approximately 680 employees to nearly 1,200 over the past two years, supported by investments in training and capability development.

Operational efficiency and shareholder returns

Operational discipline remained a key focus during FY26. Inventory coverage was reduced from 10 months to 7.67 months through improved planning and supply chain coordination. The company received the Outstanding Supplier Recognition Certificate from Lockheed Martin and the Best Organization to Work Award from ET Group during the year.

Shareholders approved several resolutions at the AGM, including the adoption of financial statements and the re-appointment of directors. A final dividend of ₹0.30 per equity share was declared for FY26. Independent Directors Arvind Ghei and Shobhana Joshi were re-appointed via special resolutions.

AGM voting results

Pursuant to Regulation 44 of SEBI (LODR) Regulations, 2015, the company disclosed the voting results for the Fourth Annual General Meeting held on September 24, 2026. All five resolutions were passed with requisite majority. The total number of shareholders on the record date was 29,687, with a voting turnout of approximately 76.23% of outstanding shares.

The scrutinizer's report confirmed that remote e-voting commenced on September 20, 2026, and ended on September 23, 2026. The votes were unblocked and counted in the presence of two witnesses not employed by the company.

What the numbers show

The divergence between revenue growth (87%) and inventory reduction (from 10 months to 7.67 months) indicates strong operational leverage. The company achieved higher sales volume while simultaneously improving working capital efficiency, suggesting that the growth is not driven by inventory build-up but by genuine demand conversion and supply chain optimization. The large order book relative to current revenue (₹3,000 crore agreements vs ₹485 crore revenue) signals high future visibility, though execution capacity will be critical to converting these orders into delivered revenue in FY27.