Sigma Advanced Systems Limited has successfully concluded its postal ballot process, announcing comprehensive voting results that demonstrate strong shareholder confidence in the company's governance initiatives. The remote e-voting process, conducted in compliance with regulatory requirements, resulted in overwhelming approval for three critical director appointments.

Voting Process and Participation

The postal ballot notice dated March 16, 2026, facilitated remote e-voting for shareholders holding shares as of the cut-off date of March 13, 2026. The electronic voting commenced on March 17, 2026 at 9:00 a.m. and concluded on April 15, 2026 at 5:00 p.m. (IST), providing shareholders with nearly a month to participate in the decision-making process.

Director Appointment Results

All three resolutions received exceptional shareholder support, with 99.99% of votes cast in favor across all appointments. The voting demonstrated remarkable consistency in shareholder confidence, with only minimal opposition recorded.

Resolution 1: Lt Gen Raju Somashekar Baggavalli Appointment

Shareholders approved the appointment of Lt Gen Raju Somashekar Baggavalli (DIN: 11482140) as Independent Director for a five-year term effective January 16, 2026. This special resolution received comprehensive support across all shareholder categories.

Resolution 2: Amb. Dr. Venkata Nagendra Prasad Thatipamula Appointment

The appointment of Amb. Dr. Venkata Nagendra Prasad Thatipamula (DIN: 11499183) as Independent Director for five years from March 16, 2026, received identical voting support. This special resolution demonstrated consistent shareholder confidence in the company's leadership expansion.

Resolution 3: Mr. Kartheek Raju Chintalapati Appointment

Shareholders approved the ordinary resolution for appointing Mr. Kartheek Raju Chintalapati (DIN: 02921819) as Non-Executive, Non-Independent Director effective March 16, 2026. The voting pattern remained consistent with the previous resolutions, showing unified shareholder support.

Regulatory Compliance and Transparency

The postal ballot process adhered to Section 108 and 110 of the Companies Act, 2013, along with relevant rules and SEBI regulations. M. Damodaran of M Damodaran & Associates LLP served as the appointed Scrutinizer, ensuring transparent and fair conduct throughout the voting process. The scrutinizer's report confirmed that all resolutions were passed with requisite majority, validating the integrity of the electoral process.

Corporate Governance Enhancement

The successful completion of these appointments strengthens Sigma Advanced Systems Limited's board composition with experienced professionals from diverse backgrounds. The addition of military leadership through Lt Gen Baggavalli and diplomatic expertise via Amb. Dr. Thatipamula, alongside Mr. Chintalapati's appointment, reflects the company's commitment to robust governance structures and strategic leadership diversity.

Sigma Advanced Systems Limited has submitted its compliance certificate to stock exchanges under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The certificate confirms the company's adherence to dematerialisation processes and regulatory requirements during Q4FY26.

Regulatory Compliance Framework

Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 mandates companies to provide quarterly certificates confirming proper handling of securities received for dematerialisation. This regulation ensures transparency in the conversion process from physical to electronic form and maintains investor protection standards.

Q4FY26 Compliance Certificate Details

The compliance certificate was issued by Cameo Corporate Services Limited, the company's Registrar and Share Transfer Agent, dated April 1, 2026. The certificate covers the quarter ended March 31, 2026 and confirms adherence to all regulatory requirements:

Regulatory Confirmations

Cameo Corporate Services Limited confirmed that all securities received from depository participants for dematerialisation during Q4FY26 were properly processed. The registrar verified that securities comprised in the certificates have been listed on stock exchanges where the company's earlier issued securities are traded. Additionally, physical security certificates received for dematerialisation have been mutilated and cancelled after due verification by depository participants.

Filing and Documentation

The compliance certificate was submitted to both BSE Limited (Scrip Code: 532408) and National Stock Exchange of India Limited (Symbol: SIGMAADV) on April 10, 2026. The submission was digitally signed by Thakur Vishal Singh, Company Secretary and Compliance Officer of Sigma Advanced Systems Limited, ensuring proper authentication and regulatory compliance.

Company Information

Sigma Advanced Systems Limited, formerly known as Megasoft Limited, operates under CIN L24100TN1999PLC042730. The company maintains its corporate office at Hardware Park, Srisailam Road, Hyderabad, Telangana, while its registered office is located at Prestige Palladium, Greams Road, Chennai, Tamil Nadu. The quarterly compliance certificate demonstrates the company's commitment to maintaining transparent and efficient dematerialisation processes for investor benefit.