Key Amendments to Item No. 1 (Preferential Issue for Cash)

1. Objects of the Issue:

The object "General corporate purposes" has been clarified. The Company will utilize up to 25% of the issue proceeds, an amount of about INR 115 Crore, for this purpose. This includes meeting ongoing general corporate exigencies, contingencies, and expenses. The disclosure notes that this amount may deviate by +/- 10% as per NSE notice no. NSE/CML/2022/56 and BSE notice no. 20221213-47, dated December 13, 2022.

2. Ultimate Beneficial Owner (UBO) of Syncorp Ventures LLP:

The UBOs for Syncorp Ventures LLP have been identified as Ami Shah, Naishadh Shah, and Ruchira Shah.

3. Status of Allottees:

A clarifying sentence has been inserted stating that all 35 proposed allottees for the cash issue are and will remain in the 'Non-promoter' category after the allotment.

4. Allottee Details with Pre and Post Preferential Holding:

A comprehensive table has been inserted detailing the pre-issue holding, number of shares to be allotted, and the resulting post-issue holding for all 35 allottees.

  • The total number of shares to be allotted in the preferential issue for cash is 1,32,56,470.
  • The aggregate post-issue shareholding of these allottees will be 1,40,78,970 equity shares, representing 7.41% of the total paid-up capital.
  • Key allottees include various Bank of India and Taurus mutual fund schemes, Akshat Greentech Private Limited (1,440,922 shares), and several individuals.

Key Amendments to Item No. 2 (Preferential Issue for Non-Cash Consideration)

1. Objects of the Issue:

The object for the non-cash issue has been rephrased. The Company, which already holds a 51% stake in AS Strategic Private Limited, aims to acquire a further 25% stake to strengthen and expand its defence business globally.

2. Issue Price in Resolution Text:

The issue price for the equity shares, which was missing from the resolution text in the original notice, has been specified as INR 346.74 per share.

3. Correction to Issue Price in Explanatory Statement:

The issue price mentioned in point no. 5 of the explanatory statement has been corrected to INR 346.74 per share from an incorrectly stated value.

4. Allottee Details and Shareholding Pattern:

  • The two allottees for this issue are SA Insights Private Limited (1,38,462 shares) and Mr. Adhiraj Khanna (2,94,315 shares), both classified as 'Non-Promoter'.
  • A sentence was added confirming these allottees are and will remain in the 'Non-promoter' category.
  • The post-preferential issue shareholding pattern of the Company on a fully diluted basis has been provided, showing the promoter holding decreasing from 71.22% to 71.04% and public shareholding increasing from 28.78% to 28.96% after the issue.
  • The total number of equity shares post both preferential issues will be 1,76,67,2482.

5. Website Links for Certificates:

The exact web links for the Compliance Certificate from the Practicing Company Secretary and the Valuation Report from the Registered Valuer have been provided:

  • Compliance Certificate: https://sigmaadvsys.com/wp-content/uploads/2026/06/ComplianceCertificatePCSICDR.pdf
  • Valuation Report: https://sigmaadvsys.com/investors/new/RVReport-SWAP-1.pdf

General Information

The corrigendum dated June 19, 2026, forms an integral part of the original EGM notice. Except for the specified changes, all other contents of the original notice remain unchanged. The notice is available on the company's website at https://sigmaadvsys.com/investors-services/announcements/.