SIGMA ADVANCED SYSTEMS LIMITED has informed the Exchange regarding Appointment of Mr Amb. Dr. Venkata Nagendra Prasad Thatipamula as Non- Executive Independent Director of the company w.e.f. March 16, 2026.
SIGMAADV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sigma Advanced Systems Limited (formerly Megasoft Limited) has appointed two new Additional Directors on its board effective March 16, 2026. Amb. Dr. Venkata Nagendra Prasad Thatipamula has been appointed as a Non-Executive Independent Director for a 5-year term; he is a retired Indian Foreign Service officer who last served as Ambassador of India to Kazakhstan. Mr. Kartheek Raju Chintalapati has been appointed as a Non-Executive Non-Independent Director; he is a second-generation entrepreneur from iLabs Group with prior experience at McKinsey and over 15 years in consulting and investments. The company has also approved a Postal Ballot to regularize these appointments, along with the earlier January 2026 appointment of Lt Gen Raju Somashekar Baggavalli. Both new directors are confirmed as not debarred by SEBI and are not related to existing directors.
For shareholders, this is a routine board strengthening move. Adding a retired senior diplomat brings government and international relations experience, while the iLabs Group nominee adds strategic investment and sector expertise (pharma, defence, energy). No negative governance signals are present, and there is no immediate material impact on the stock price expected from this announcement.