26th Annual General Meeting Details

  • Date: September 30, 2026 at 10:00 AM IST
  • Mode: Virtual meeting through Video Conference/Other Audio-Visual Means
  • Business: Adoption of financial statements, director appointments (including re-appointment of Mr. Sunil Kumar Kalidindi), and auditor appointments
  • Voting: Remote e-voting available September 27-29, 2026 via www.evotingindia.com; e-voting during meeting; no physical polling
  • Record Date: September 23, 2026 for determining voting eligibility

Financial Performance Highlights

FY 2025-26 Standalone Performance:

  • Revenue from Operations: ₹491.88 crore (4x growth from ₹107.36 crore in FY25)
  • Profit Before Tax: ₹301 crore (vs loss in previous year)
  • Net Profit: ₹268 crore (including one-off gains of ~₹260 crore)
  • EPS: ₹11.38 (vs ₹1.44 in FY25)
  • Total Assets: ₹1,059.13 crore (PY: ₹468.34 crore)

Consolidated Performance:

  • Revenue: ₹491.88 crore (vs ₹107.36 crore)
  • Net Profit: ₹268.04 crore (vs loss of ₹13.98 crore)
  • Total Equity: ₹468.41 crore (PY: ₹204.30 crore)

Auditor's Report and Compliance

Audit Firm: N.C. Rajagopal & Co., Chartered Accountants

Audit Opinion: Unmodified opinion confirming true and fair view in accordance with Indian Accounting Standards (Ind AS)

Compliance: Confirmed adherence to Companies Act 2013, SEBI LODR Regulations, and accounting standards

Internal Controls: Adequate internal financial controls maintained and operating effectively as of March 31, 2026

Strategic Developments and Acquisitions

Completed Acquisitions:

  • Nasmyth Group UK (October 2025): 100% acquisition for approximately ₹228 crore
  • AS Strategic Private Limited (April 2026): 51% stake acquisition for ₹20 crore
  • Bromford Precision Solutions UK (July 2026): 100% acquisition

Corporate Restructuring:

  • Scheme of Amalgamation with Sigma Advanced Systems Private Limited sanctioned by NCLT Chennai Bench on December 16, 2025, effective December 31, 2025
  • Name change from Megasoft Limited to Sigma Advanced Systems Limited effective January 12, 2026
  • Allotted 102,469,664 equity shares pursuant to amalgamation at swap ratio of 316:100

Order Book and Business Position

  • Total Order Book: ~₹8,000 crore as of April 2026
  • Aerospace: ~75% of order book (~₹6,300 crore)
  • Defense: ~₹1,400 crore export order book
  • Defense Electronics: ~₹250 crore order book
  • Contract Duration: Up to 8 years visibility

Operational Footprint and Capacity

  • Total Employees: 700+ FTEs as of March 31, 2026
  • Manufacturing Space: 300,000+ sq. ft. across 8 locations in India and UK
  • Indian Facilities: Hyderabad, Bangalore, Sri City
  • UK Facilities: 6 locations through Nasmyth acquisition

Capital Structure and Shareholding

Capital Changes:

  • Authorized share capital increased from ₹200 crore to ₹250 crore
  • Paid-up capital increased from ₹73.77 crore to ₹176.24 crore
  • Preferential issue of ~₹460 crore adding 1,32,56,760 equity shares

Major Shareholders (>5%):

  • Chintalapati Holdings Private Limited: 46.31%
  • Ramanagaram Enterprises Private Limited: 14.68%
  • Hillpark Event Management LLP: 5.81%
  • Cheemarla Damodar Reddy: 4.28%

Regulatory and Compliance Matters

GST Litigation:

  • Multiple writ petitions filed in Telangana High Court challenging GST notifications
  • ₹16.81 crore paid under protest; matter sub judice

Income Tax Matters:

  • Multiple appeals filed with CIT(A) and High Court regarding disallowances and penalties

SEBI Compliance:

  • Penalties paid to BSE and NSE for non-compliance with Regulation 17(1)(c) regarding board composition
  • Total fines: ₹10.26 lakh (including GST) for two quarters of non-compliance

Management and Governance

Director Appointments:

  • Mr. Cheemarla Damodar Reddy: Whole-time Director (from February 14, 2026)
  • Lt. Gen. Raju Somashekar Baggavalli: Independent Director (from January 16, 2026)
  • Amb. Dr. Venkata Nagendra Prasad Thatipamula: Independent Director (from March 16, 2026)
  • Mr. Kartheek Raju Chintalapati: Non-Executive Director (from March 16, 2026)

Key Managerial Personnel:

  • Mr. Sunil Kumar Kalidindi: Executive Director & CEO
  • Mr. Shridhar Thathachary: Chief Financial Officer
  • Mr. Krishna Chaitanya Sadhu: Company Secretary & Compliance Officer (from May 25, 2026)

Dividend and Capital Allocation

The Board of Directors does not recommend any dividend for FY 2025-26 in view of the company's growth plans and capital requirements, prioritizing investment in strategic expansion and operational capabilities.