Sigma Advanced Systems Limited has secured shareholder approval to reappoint Mr. Sivalenka Kalyan Vijay as an Independent Director for a second term of five consecutive years effective from June 28, 2026. The special resolution was passed with an overwhelming majority, receiving 99.9973% of votes in favour through a remote e-voting process conducted under the provisions of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The postal ballot notice was dispatched on May 27, 2026, to members holding shares as on the cut-off date of Friday, May 22, 2026. The e-voting facility, provided by M/s Central Depository Services (India) Limited (CDSL), commenced on Thursday, May 28, 2026, at 9.00 a.m. and concluded on Friday, June 26, 2026, at 5.00 p.m. (IST).

Voting Results

A total of 218 valid e-votes were cast, representing 129,369,758 shares. The resolution received support from shareholders across various categories, with Promoter and Promoter Group voting 100% in favour.

Scrutinizer's Report

M Damodaran & Associates LLP, appointed as the scrutinizer, oversaw the e-voting process to ensure fairness and transparency. The firm reported that the resolution was passed with the requisite majority on June 26, 2026. The votes were unblocked at 5.01 p.m. on the same day in the presence of individuals not employed by the company, following which the results were downloaded from the CDSL e-voting system.

The reappointment of Mr. Sivalenka Kalyan Vijay (DIN: 06404449) as a Non-Executive Independent Director is now effective for a five-year term starting June 28, 2026. The company has submitted the necessary disclosure documents, including the scrutinizer's report, to the BSE Limited and the National Stock Exchange of India Limited.

Sigma Advanced Systems has issued a corrigendum to its Extra-Ordinary General Meeting (EGM) notice scheduled for June 28, 2026, to provide clarifications and additional information regarding proposed preferential share issues. The company filed the intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015, following suggestions from BSE Limited and National Stock Exchange of India Limited.

The corrigendum specifies that the company intends to utilize up to 25% of the issue proceeds from the preferential issue, amounting to approximately ₹115 crore, for general corporate purposes. This allocation is intended to meet ongoing corporate exigencies and contingencies. The company noted that the specified amount may deviate by +/- 10% based on management estimates and commercial factors.

Preferential Issue for Cash

The document updates the details regarding the ultimate beneficial owners of Syncorp Ventures LLP, identifying Vikram Shah, Ami Shah, Naishadh Shah, and Ruchira Shah. It further clarifies that all proposed allottees, including various mutual funds and individuals, fall under the non-promoter category and will remain so after the allotment.

The following table outlines the pre-issue and post-issue shareholding for select proposed allottees:

Preferential Issue for Consideration Other Than Cash

The company also revised the resolution for the issuance of 4,32,777 equity shares at an issue price of ₹346.74 per share for consideration other than cash. This issuance is towards the acquisition of 3,907 equity shares in AS Strategic Private Limited, representing 25% of its paid-up share capital. The objective is to strengthen the company's defence business globally.

The allottees for this non-cash consideration include SA Insights Private Limited and Mr. Adhiraj Khanna, both classified as non-promoters. The post-issue shareholding structure indicates SA Insights Private Limited will hold 0.08% and Mr. Adhiraj Khanna will hold 0.17% of the equity shares.

The updated shareholding pattern on a fully diluted basis shows the total promoter holding at 71.04% and public shareholding at 28.96% post-allotment. The corrigendum confirms that a certificate from Practicing Company Secretary CS Prachi Bansal and a valuation report by Registered Valuer Sampath Soora are available on the company's website.