Sigma Solve Limited has filed its mandatory annual disclosure under SEBI regulations, providing transparency on promoter shareholdings for the financial year ended March 31, 2026. The disclosure was submitted to both the National Stock Exchange of India Limited and BSE Limited on April 3, 2026.

Promoter Shareholding Details

According to the disclosure filed under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulation, 2011, the promoters and promoter group collectively held 75249980 shares of Sigma Solve Limited as of March 31, 2026. Managing Director Prakash R. Parikh, representing the promoter group, confirmed that no encumbrance of shares was made during the financial year.

Promoter Group Composition

The promoter and promoter group consists of eight members with varying shareholdings:

Key Shareholding Highlights

The two primary promoters, Prakash Ratilal Parikh and Parikh Kalpana Prakashbhai, hold the largest individual stakes with 21375000 and 21359850 shares respectively. Biren Harshad Zaverchand and Pujan Biren Zaverchand each hold significant positions of 16251260 shares within the promoter group category.

Regulatory Compliance

The disclosure demonstrates Sigma Solve Limited's adherence to SEBI regulations requiring annual transparency on substantial shareholdings. The filing was digitally signed by Managing Director Prakash R. Parikh and submitted within the prescribed timeline. The company confirmed that all shareholding information has been provided for regulatory records and compliance purposes.

Company Information

Sigma Solve Limited operates from its registered office at 801-803, PV Enclave, ICICI Bank Lane Road, Sindhubhavan Road, Ahmedabad - 380054. The company maintains its listing on both major Indian stock exchanges with the symbol SIGMA on NSE and scrip code 543917 on BSE.

Sigma Solve Limited has formally reconstituted its key board committees following the resignation of two directors, as confirmed during a board meeting held on March 18, 2026. The company disclosed these developments to stock exchanges under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting and Regulatory Compliance

The board meeting was conducted virtually from 06:15 p.m. to 06:30 p.m. IST on March 18, 2026, with Managing Director Prakash Ratilal Parikh chairing the proceedings. The meeting formally approved the reconstitution of three critical committees to ensure continued governance oversight following recent director departures.

Director Resignations Background

The committee reconstitution follows the confirmed resignations of Mr. Sharmeel Sanjay Gandhi (DIN: 07659873) as Independent Director and Mr. Nitin Pramukhlal Patel (DIN: 08370120) as Non-Executive Director, both effective March 16, 2026. Both directors cited preoccupation with other work commitments as their reason for departure.

Reconstituted Committee Structure

The board approved the reconstitution of three key committees, maintaining compliance with regulatory requirements for independent director participation across all governance functions.

Audit Committee

Nomination & Remuneration Committee

Stakeholders Relationship Committee

Additional Corporate Actions

The board also approved changing the dividend account name from "Sigma Solve Dividend account for the Financial year 2025-2026" to "Unpaid/ Unclaimed Dividend account Sigma solve Limited for the Financial year 2025-2026" to ensure proper nomenclature compliance with regulatory standards.

Regulatory Confirmations

Both resigned directors have confirmed they are not debarred from holding directorship positions by virtue of any SEBI order or other regulatory authority. Neither director currently holds directorship in any other listed entity. The company has fulfilled all mandatory disclosure requirements under SEBI regulations and NSE Circular NSE/CML/2018/02 dated June 20, 2018, ensuring complete transparency in the transition process.