Sigma Advanced Systems has scheduled an Extra-Ordinary General Meeting (EGM) on June 28, 2026, to seek shareholder approval for the issuance of up to 1,32,56,470 fully paid-up equity shares on a preferential basis. The issue price is fixed at ₹347 per share, including a premium of ₹337, aggregating to a total of ₹459,99,95,090. The proceeds are intended for general corporate purposes and funding requirements, subject to regulatory approvals.

The preferential allotment targets non-promoters, including mutual funds such as Bank of India Flexi Cap Fund, Bank of India Small Cap Fund, and Taurus Flexi Cap Fund, as well as individual investors. The board has appointed India Ratings and Research Private Limited as the Monitoring Agency pursuant to Regulation 162A of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, to oversee the utilization of funds exceeding ₹100 crore.

The EGM will be held via video conferencing at 11:00 A.M. (IST). The e-voting period begins on June 24, 2026, and ends on June 27, 2026, with the record date set as June 21, 2026. Shareholders holding shares in dematerialized form can vote through their depository accounts using CDSL or NSDL e-voting systems.

Additionally, the board approved the issuance of 4,32,777 equity shares of ₹10 each on a preferential basis for consideration other than cash. This involves acquiring an additional 25% equity shareholding in its subsidiary, AS Strategic Private Limited, through a share swap. The subsidiary, operating in the aerospace and defence sector, reported a turnover of ₹608 lacs for the twelve-month period ended March 2025.

Preferential Allotment Details

Sigma Advanced Systems Limited has issued a postal ballot notice seeking shareholder consent for the reappointment of Mr. Sivalenka Kalyan Vijay as a Non-Executive Independent Director for a second term of five consecutive years effective from June 28, 2026. The resolution requires approval by way of a Special Resolution. The remote e-voting period commences on May 28, 2026, at 9:00 a.m. and concludes on June 26, 2026, at 5:00 p.m. Shareholders whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date of May 22, 2026, are eligible to vote.

Reappointment Details

The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has proposed the reappointment of Mr. Sivalenka Kalyan Vijay (DIN: 06404449). His first term is set to expire on June 27, 2026. The Board noted that his continued association would enhance the collective expertise at the leadership level, strengthen the governance framework, and provide strategic direction for the company, particularly within the Aerospace and Defence sector. He has confirmed that he meets the criteria of independence under Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of the SEBI (LODR) Regulations, 2015.

E-Voting Schedule and Process

The company has appointed Mr. M. Damodaran, Managing Partner of M/s M. Damodaran & Associates LLP, as the Scrutinizer for the postal ballot process. The e-voting facility is provided through Central Depository Services (India) Limited (CDSL) and NSDL. Shareholders holding shares in demat mode can vote through their depository accounts using a single login credential, while those holding physical shares or non-individual shareholders must use the CDSL e-voting system at www.evotingindia.com .

Director Profile

Mr. Sivalenka Kalyan Vijay is the Founder & MD of Springforth and a Charter holder from the CFA Institute, USA. He brings extensive experience in investments, entrepreneurship, corporate finance, and private wealth management. During the financial year 2025-26, he attended all 12 Board meetings and received a sitting fee of ₹6.50 Lakhs. He currently serves as the Chairperson of the Audit/Risk & Compliance Committee and Stakeholders' Relationship Committee of Sigma Advanced Systems Limited.