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.

Sigma Advanced Systems (formerly Megasoft Limited) has secured an export order worth USD 11.4 Mn (~INR 107 Cr) from a customer in North America for the supply of 90,000 units of Filled Fuzes for 155 mm artillery shells. The announcement was made on May 14, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The order pertains specifically to Point Detonating M557 Filled Fuzes, a critical component of 155 mm artillery ammunition.

Order Details

The following table summarises the key parameters of the export order:

The contract is to be executed over a ten-month period, with deliveries scheduled for completion within this timeframe. Manufacturing will be carried out in India, in compliance with applicable defense export regulations and norms. The company stated that the order is being executed through its in-house capabilities, leveraging its Build-to-Spec expertise developed over decades of experience serving Indian defense customers.

Strategic Significance

This export order represents a notable milestone for Sigma Advanced Systems. Historically, the company has focused on partnerships with global OEMs for the Indian market. This engagement signals a shift towards direct export relationships, underlining its growing capabilities and credibility as a global supplier. The company also highlighted that this order could open the door for follow-on contracts from the same customer, indicating the potential for a longer-term engagement pipeline, with its in-house R&D capability expected to provide an edge in securing repeat orders.

Product Context

The 155 mm artillery shell is among the most widely deployed artillery munitions globally. The order for Point Detonating M557 Filled Fuzes addresses a critical component requirement within this ammunition category. Known for their reliability and versatility, 155 mm munitions are compatible with a broad range of artillery gun systems currently in service worldwide.

Management Commentary

Sunil Kalidindi, CEO & ED, Sigma Advanced Systems, commented on the announcement:

"This order marks a significant milestone for Sigma Advanced Systems and reflects the growing global confidence in Indian defense manufacturing capabilities. Securing a direct export engagement of this scale highlights our evolution into a trusted global supplier and underscores the strength of our in-house engineering, precision manufacturing, and R&D expertise developed over decades of serving the Indian defense sector."

He further added:

"As demand for reliable artillery ammunition components continues to grow globally, we see strong long-term potential in this segment. This engagement further strengthens our international footprint while reinforcing our commitment to supporting India's emergence as a global defense manufacturing hub."

Company Overview

Sigma Advanced Systems is a globally integrated aerospace and defence company with more than three decades of manufacturing experience. Operating across India and the UK, with expansion underway in the United States, the company is among the largest India-headquartered manufacturers of aero-engine and aerostructure components. The company works closely with global aerospace and defence OEMs at the program level through long-term agreements and delegated responsibilities, combining customer proximity in Western markets with India's manufacturing base to deliver high-complexity, safety-critical components, assemblies, and systems across aerospace, defence, and emerging technologies.