EGM Details

The Extra-Ordinary General Meeting of Sigma Advanced Systems Limited was held on Sunday, June 28, 2026, from 11:00 AM to 12:03 PM IST through Video Conferencing/Other Audio-Visual Means (VC/OAVM). The meeting was convened pursuant to the Notice dated June 6, 2026, and a Corrigendum dated June 19, 2026.

Attendance

Directors Present:

  • Mr. Sunil Kumar Kalidindi (Independent Director)
  • Lt Gen Raju Somashekar (Executive Director & Chief Executive Officer)
  • Mr. Baggavalli (Non-Executive, Independent Director)
  • Amb. Dr. Venkata Nagendra Prasad Thatipamula (Non-Executive, Independent Director)
  • Mr. Cheemarla Damodar Reddy (Whole-Time Director, Executive, Promoter Category)
  • Mrs. Leona Ambuja (Non-Executive, Non-Independent Director)
  • Mr. Suryanarayana Raju Nandyala (Non-Executive, Independent Director)

In Attendance:

  • Mr. Shridhar Thathachary (Chief Financial Officer)
  • Mr. Krishna Chaitanya Sadhu (Company Secretary and Compliance Officer)
  • Mr. Pramod Giridhar Raju (President, Corporate Finance and M&A)

Scrutinizer:

  • CS M Damodaran, Partner, M/s. M Damodaran & Associates LLP

Business Transacted

The EGM considered and approved two special resolutions:

1. Item 1: To consider and approve issue of equity shares on preferential basis for consideration in cash

2. Item 2: To consider and approve issue of equity shares on preferential basis for consideration other than cash

Both resolutions were passed with requisite majority.

Voting Process

Remote e-voting commenced on June 24, 2026, at 9:00 AM IST and ended on June 27, 2026, at 5:00 PM IST through CDSL e-Voting platform. E-voting was also conducted during the EGM for members who had not voted remotely. The cut-off date for determining shareholders entitled to vote was June 21, 2026.

Voting Results

Total Shareholders as on cut-off date: 44,375

Shareholders attending through VC: 71 individuals

Non-individual shareholders attending through VC: 0

Item 1 Results (Preferential Issue for Cash Consideration):

  • Total valid votes cast: 197
  • Votes in favor: 189 (131,081,682 shares | 99.9983%)
  • Votes against: 8 (2,261 shares | 0.0017%)
  • No invalid or abstained votes

Item 2 Results (Preferential Issue for Non-Cash Consideration):

  • Total valid votes cast: 197
  • Votes in favor: 187 (131,081,319 shares | 99.9980%)
  • Votes against: 10 (2,624 shares | 0.0020%)
  • No invalid or abstained votes

Management Commentary

Mr. Sunil Kumar Kalidindi, ED & CEO, apprised members on:

  • The company's strategic acquisitions and global expansion marking its entry into the global Aerospace and Defence sector
  • Plans for raising capital to support future growth
  • Management's continuous evaluation of acquisition and investment opportunities across global markets
  • Addressed member queries regarding business, products, technology, proposed utilization of proceeds, and the company's roadmap for the next two years

Capital Structure Impact

The preferential allotment will increase the total share capital from 176,239,705 shares to 189,928,952 shares, representing an increase of 13,689,247 shares.

Pre and Post Shareholding Pattern (Fully Diluted Basis):

  • Promoter Shareholding: Decreases from 71.22% (125,516,948 shares) to 66.09% (125,516,948 shares)
  • Public Shareholding: Increases from 28.78% (50,722,757 shares) to 33.91% (64,412,004 shares)
  • Notable changes in public shareholding include increase in Mutual Funds holding to 2,305,472 shares (1.21%), Resident Individuals to 47,168,929 shares (24.84%), and NRIs to 4,808,702 shares (2.53%)

Effective Date

All resolutions are deemed to be passed on the date of the EGM, June 28, 2026.