Sigma Advanced Systems Limited has secured a significant ₹100 crore order from the Ministry of Defence and associated defence public sector undertakings, reinforcing its position as a key player in India's defence manufacturing ecosystem. The announcement, made on February 23, 2026, highlights the company's continued role in supporting India's strategic defence programmes across multiple critical domains.

Strategic Defence Programme Coverage

The comprehensive order encompasses multiple strategic defence applications that demonstrate the breadth of Sigma's capabilities:

The scope of work covers built-to-spec systems, control electronics, and actuation solutions that meet the stringent reliability standards required for mission-critical defence applications.

Key Customer Partnerships

Sigma will execute these orders for India's leading defence organizations, strengthening its partnerships with established institutions:

• Bharat Dynamics Limited (BDL)
• Hindustan Aeronautics Limited (HAL)
• Defence Research and Development Organisation (DRDO) establishments

These partnerships underscore the long qualification cycles and reliability standards that characterize the defence electronics sector, where customer reliance on proven suppliers remains paramount.

Leadership Perspective

Commenting on the development, Sunil Kalidindi, Chief Executive Officer of Sigma Advanced Systems, stated: "These orders demonstrate the continued confidence of India's defence ecosystem in Sigma's engineering, manufacturing capabilities, and ability to deliver complex systems for mission-critical applications. Sigma remains committed to strengthening indigenous defence capability through reliable delivery, technology depth, and sustained programme support."

Company Capabilities and Infrastructure

With more than three decades of experience in indigenous defence programmes, Sigma Advanced Systems has established itself as a comprehensive solutions provider. The company's Hyderabad facility combines deep R&D expertise with design, manufacturing, and environmental testing capabilities at a single location. This integrated approach enables support for long-cycle defence programmes from development through production phases.

Sigma's product portfolio spans avionics, torpedo systems, radar equipment, communication solutions, and embedded electronics designed for high-reliability applications. The company operates as a globally integrated aerospace and defence manufacturer with presence across India and the UK, with expansion underway in the United States.

These latest orders represent a meaningful advancement for Sigma Advanced Systems, highlighting both the immediate business impact and the technical trust that customers place in the company's ability to deliver complex, mission-critical systems that support India's ongoing defence modernisation and indigenisation initiatives.

Megasoft (formerly known as Sigma Advanced Systems Limited) has announced a postal ballot notice to seek shareholder approval for a key board appointment. The company is proposing the appointment and re-designation of Mr. Cheemarla Damodar Reddy as Whole-Time Director (Executive, Promoter Category) for a term of five consecutive years.

Postal Ballot Details and Timeline

The postal ballot notice, dated February 18, 2026, outlines the voting process for shareholders to approve the special resolution. The company has set specific timelines for the e-voting process to ensure proper shareholder participation.

Shareholders whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date are entitled to vote on the resolution. The postal ballot notice is being sent electronically to members who have registered their email addresses with the company, Registrar and Share Transfer Agent, or depositories.

Director Appointment and Remuneration Structure

The proposed appointment involves Mr. Cheemarla Damodar Reddy (DIN: 01643638), who was initially appointed as Additional Non-Executive, Non-Independent Director on December 22, 2025. The Board of Directors, in its meeting dated February 14, 2026, approved his re-designation to Whole-Time Director based on the Nomination and Remuneration Committee's recommendation.

The remuneration will be paid even in the absence of adequate profits during his tenure, subject to the provisions of Schedule-V of the Companies Act, 2013.

Professional Background and Expertise

Mr. Cheemarla Damodar Reddy brings substantial experience to the organization with over 37 years of distinguished experience in Electronics and Communication. His professional background includes more than three decades as an entrepreneur and extensive work in the Defence and Aerospace sector.

Key aspects of his professional profile include:

• Extensive expertise in technical project management and strategic business development
• Organizational leadership experience within the Indian Defence and Aerospace ecosystem
• International experience in the United States and Canada
• Pivotal role in advanced technology transfer, particularly in embedded systems and data acquisition systems
• Educational qualifications: M.Tech (Embedded Systems) and Ph.D
• Current shareholding in the company: 75,42,079 shares

Regulatory Compliance and Voting Process

The postal ballot is being conducted in compliance with Sections 110 and 108 of the Companies Act, 2013, and various SEBI regulations. The company has partnered with Central Depository Services (India) Limited (CDSL) to facilitate the e-voting process for shareholders.

Shareholders can access the e-voting facility through multiple channels:

• Individual shareholders with demat accounts can vote through their depository websites (CDSL/NSDL)
• Physical shareholders and non-individual demat holders can use the CDSL e-voting platform at www.evotingindia.com
• The postal ballot notice is available on the company's website and stock exchange platforms

The resolution requires approval as a Special Resolution, and the results will be declared within two working days of the postal ballot process conclusion. The company has appointed Mr. M. Damodaran as the Scrutinizer to ensure a fair and transparent voting process.

Source: