Sigma Advanced Systems Limited has issued a revised disclosure of postal ballot voting results dated March 21, 2026, correcting the categorization of shares while maintaining the overall approval outcome for Mr. Cheemarla Damodar Reddy's appointment as Whole-Time Director. The company filed the revised disclosure under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, addressing categorization adjustments for Promoter and Promoter Group and Public Non-Institution shares.

Revised Voting Results and Corrections

The revised disclosure maintains the same overall voting outcome while correcting share categorization details. Company Secretary Thakur Vishal Singh digitally signed the revised documents on March 21, 2026, confirming no other changes to the earlier disclosure filed on March 20, 2026.

Updated Shareholder Category Breakdown

The revised voting results show corrected share distribution across different shareholder categories while maintaining the same total votes polled and approval percentage for the special resolution.

Regulatory Compliance and Communication

The revised disclosure was communicated to BSE Limited (Scrip Code: 532408) and National Stock Exchange of India Limited (Symbol: SIGMAADV) as per regulatory requirements. The special resolution for Mr. Cheemarla Damodar Reddy's appointment as Whole-Time Director (Executive, Promoter Category) for five consecutive years effective February 14, 2026, remains approved with the requisite majority.

The e-voting period conducted from February 19, 2026, to March 20, 2026, through CDSL platform achieved 73.32% voter participation with 129,227,761 votes polled out of 176,239,705 total outstanding shares. The company confirmed that except for the share categorization corrections, all other details from the March 20, 2026, disclosure remain unchanged.

Sigma Advanced Systems Limited has announced a comprehensive board reconstitution to support its next phase of global growth in the aerospace and defence sector. The company has inducted three new directors with specialized experience across defence procurement, aerospace manufacturing, and international trade, effective March 16, 2026.

Strategic Board Expansion

The board reconstitution brings together experienced leaders from the defence ecosystem, aerospace manufacturing, and international trade to strengthen governance and strategic oversight. According to the company's press note, this refreshed board structure is designed to combine operational experience with independent oversight while supporting expanding international ambitions.

Distinguished Military Leadership

Lt. Gen. B.S. Raju (Retd.), PVSM, UYSM, AVSM, YSM, brings distinguished military experience as a former Vice Chief of the Army Staff who served from May 2022 to February 2023. He previously served as the General Officer Commanding-in-Chief South Western Command and as the 44th Vice Chief of the Army Staff. His role as Director General Military Operations (DGMO) provides deep experience in the defence ecosystem.

International Trade Expertise

Ambassador Nagendra Prasad contributes over three decades of diplomatic experience from the Indian Foreign Service. He retired as Ambassador of India to Kazakhstan on June 30, 2025, and brings expertise in international trade, export controls, ITAR/EAR compliance, and global regulatory frameworks. His diplomatic career includes serving as Ambassador to Turkmenistan, Consul General in San Francisco, and postings in Switzerland, Bhutan, Iran, and the UK.

Educational Background:

• PhD in Horticulture from Indian Agricultural Research Institute, New Delhi
• M.Sc with ICAR Senior fellowship with University Gold Medals
• B.Sc in Horticulture with University Gold Medal

Key Administrative Roles:

• Regional Passport Officer for Karnataka in Bengaluru (1998-2000)
• Project Director of e-Governance 'Passport Seva Project' (2008-2011)
• Head of Gulf Division, coordinating Prime Ministerial visits (2018-2020)
• Led Covid pandemic repatriation through 'Vande Bharat' mission

Aerospace Manufacturing Leadership

Kartheek Raju brings deep expertise in large-scale aerospace manufacturing and global supply chains. As a second-generation entrepreneur with over 15 years of international consulting and investment experience, he has led the iLabs Family Office for the past decade. His professional background includes serving as Business Analyst at McKinsey & Company's Dubai office and driving diversification across life sciences, power, and defense sectors.

Professional Qualifications:

• Bachelor of Business Administration from Claremont McKenna College
• Concentration in economics, finance, and accounting
• Expertise in corporate strategy, capital allocation, and team building

Enhanced Governance Framework

The company is strengthening key board committees, including Audit, Risk, Nomination, and Remuneration. Decision-making is expected to become more structured and committee-driven, with greater emphasis on compliance, risk oversight, and financial discipline. The board will play a larger role in reviewing export controls, cybersecurity safeguards, internal audits, and quality systems.

Strategic Vision for Global Expansion

Commenting on the development, Sunil Kalidindi, CEO of Sigma Advanced Systems Limited, emphasized the strategic importance of this transition. "The reconstitution of our board reflects Sigma's transition into its next phase of growth. By bringing in deeper aerospace and defence as well as international expertise, we are strengthening our governance foundation while positioning the company for sustained expansion," he stated.

The timing reflects the company's transition into a new phase marked by expansion into international markets, growing export programs, and deeper participation in global aerospace supply chains. Over the next three to five years, the board is expected to serve as both a governance anchor and strategic guide, helping accelerate growth initiatives and enhance institutional credibility in the global aerospace and defence market.