Sigma Advanced Systems Limited has scheduled its 26th Annual General Meeting (AGM) for September 30, 2026. The meeting will be held through video conferencing or other audio-visual means at 10:00 am to adopt the financial statements for the year ended March 31, 2026.

The cut-off date for determining shareholder eligibility is September 23, 2026. Remote e-voting begins on Saturday, September 26, 2026, at 9:00 am and concludes on Tuesday, September 29, 2026, at 5:00 pm. Shareholders holding shares in physical or dematerialized form as on the cut-off date may cast their votes electronically during this period or at the AGM.

Financial Performance in FY26

The company reported significant growth in its consolidated financial results for FY26, driven by the amalgamation of Sigma Advanced Systems Private Limited with Megasoft Limited and subsequent acquisitions. Consolidated revenue from operations stood at ₹4,918.8 crore, a substantial increase from ₹1,073.6 crore in FY25.

Profit after tax for the consolidated entity was ₹2,680.4 crore in FY26, compared to a loss of ₹140 million (approx ₹13.98 crore) in the previous year. This turnaround was largely influenced by one-time gains, including a profit of ₹1,846.4 crore from the sale of land and building, and a profit of ₹768.9 crore from the sale of its associate, Extrovis AG. Operational EBITDA for the first quarter of FY27 increased 11% quarter-on-quarter to ₹61 crore, with margins moderating to 16% from 17% as the lower-margin UK business scaled within the group.

Strategic Developments and Order Book

Sigma Advanced Systems has expanded its global footprint through key acquisitions. In October 2025, it acquired Nasmyth Group Limited, UK, followed by a 51% stake in AS Strategic Private Limited in April 2026 and Bromford Precision Solutions Limited in July 2026. These moves have strengthened its position in the global aerospace and defence supply chain, particularly within the Rolls-Royce ecosystem.

The company’s order book stands at approximately ₹8,000 crore as of April 2026, with about 75% linked to aerospace. In August 2026, its UK subsidiary Bromford secured a further long-term agreement with Rolls-Royce worth approximately £125 million (~₹1,600 crore), adding to the existing ₹3,800 crore agreement. More than 90% of the order book is international, with contracts extending up to eight years.

Governance Details

Mr. M. Damodaran, Managing Partner of M Damodaran & Associates LLP, has been appointed as the scrutinizer for the e-voting process. The Board of Directors concluded its meeting on September 8, 2026, after approving the resolutions for the AGM. The notice and directors' report for the financial year ended March 31, 2026, were also approved by the board.

What the Numbers Show

The FY26 results highlight a structural shift in the company's revenue composition. While operational revenue grew significantly due to the inclusion of new acquisitions like Nasmyth, the net profit margin of approximately 54% was heavily skewed by non-operating income. Other income accounted for ₹2,958 crore of the total income, with capital gains from asset sales and divestments contributing the bulk of the profit. This indicates that while the operational scale has expanded rapidly, the core profitability is still stabilizing as the integrated platform matures.

Sigma Advanced Systems has begun production at its new aerospace manufacturing facility in Sri City, Andhra Pradesh. The company completed the transition from groundbreaking to active operations in eight months. Co-CEO Sunil Kalidindi stated the facility is central to global manufacturing strategy and the company aims for double-digit EBITDA growth.

The initial phase involves a 75,000 sq ft operational area within a larger 500,000 sq ft campus. This first batch of precision-machined aerospace components has been manufactured and shipped to Sigma UK for final verification. The facility currently offers 100,000 annual machining hours of capacity.

Operational Scale and Capability

The Sri City operation is designed to replicate the manufacturing capabilities of Sigma’s UK subsidiaries, Nasmyth and Bromford. The company has completed the initial stages of the source-change approval process with Rolls-Royce Aerospace.

Sunil Kalidindi, Chief Executive Officer and Executive Director, stated that the objective is to progressively bring a larger part of the aerospace manufacturing value chain into India. The remaining campus is expected to become operational in the next 12 months, adding further aerospace-critical processes.

What the Numbers Show

The rapid deployment of 100,000 machining hours within an eight-month build-out period highlights the efficiency of the greenfield project execution. With the facility budgeted to scale to nearly 300,000 AMH, the current capacity represents approximately one-third of the immediate target, indicating significant near-term upside in utilization rates as NADCAP accreditation progresses.

Strategic Outlook

Sigma expects the Sri City operation to employ more than 500 people over the next two to three years. The location was selected for its connectivity to four major ports, supporting export-oriented operations. The company plans to develop specialized aerospace manufacturing skills through on-campus training.

This facility forms part of a broader strategy to establish a multi-site aerospace manufacturing footprint across India and the UK. Once fully operational, approximately 70% of the manufacturing process is expected to be undertaken in India.