Sigma Advanced Systems has scheduled a meeting of its Board of Directors for June 4, 2026, to consider a preferential issue of equity shares. The board will evaluate the proposal under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, including the determination of the issue price as permitted by applicable laws. The company intends to seek the required regulatory and statutory approvals, including consent from shareholders.

In conjunction with the capital raising proposal, the Board will deliberate on convening an Extra-Ordinary General Meeting (EGM). The EGM is being planned to secure shareholder approval specifically for the preferential allotment of equity shares. This move follows the standard compliance requirements for issuances that necessitate shareholder nod.

The company has also announced the closure of the trading window for its Designated Persons. Effective immediately, the trading window will remain shut until 48 hours after the conclusion of the Board Meeting on June 4, 2026. This measure is in accordance with the code of conduct adopted under the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The intimation was submitted to the exchanges under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sigma Advanced Systems, formerly known as Megasoft Limited, is listed on both BSE and NSE with the scrip code 532408 and symbol SIGMAADV respectively.

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.