EGM held: Preferential share issuance resolutions considered
SIGMAADV · price
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Sigma Advanced Systems (formerly Megasoft) held its EGM on June 28, 2026 via video conferencing. Two special resolutions were tabled for shareholder approval: (1) issue of equity shares on preferential basis for cash, and (2) issue of equity shares on preferential basis for non-cash consideration. The CEO discussed strategic acquisitions, entry into the global Aerospace and Defence sector, and plans to raise capital for future growth. E-voting ran from June 24 to June 27, 2026. Results will be declared within two working days.
If approved, the preferential share issuances may dilute existing shareholders but raise capital for acquisitions and expansion into the global Aerospace and Defence sector.