SIGMAADVBSESigma Advanced Systems LtdMediumNeutral
Announced Fri, 19 Jun · 15:28 IST

Corrigendum to EGM notice - Preferential Issue details revised

Board & Shareholder Meetings View source PDF

SIGMAADV · price

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Price reaction · full curve 14 horizons · vs prior close
+10.2%1-day move
₹500.05
prior close
₹525.05
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+10.2+15.8+21.5+25.0+16.8+16.2+16.8+7.0
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AI summary

Sigma Advanced Systems has issued a corrigendum to its June 6 EGM notice following BSE and NSE feedback. The EGM is on June 28. Item 1: cash preferential issue of 1.33 crore shares to 35 non-promoter allottees, with up to Rs 115 crore for general corporate purposes. Item 2: share swap of 4.33 lakh shares at Rs 346.74 each to acquire an additional 25 percent in AS Strategic Pvt Ltd, expanding the defence business. Other corrections include UBO details, shareholding pattern, and document links.

Likely market impact

Procedural update to EGM notice. No new business decisions; investors should review revised allottee and pricing details before voting.