SIGMA ADVANCED SYSTEMS LIMITED has informed the Exchange regarding Notice of Postal Ballot-Postal Ballot Notice Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Sigma Advanced Systems Limited (formerly Megasoft Limited) has issued a Postal Ballot Notice seeking shareholder approval for three director appointments. The first item is the appointment of Lt Gen Raju Somashekar Baggavalli (former Vice Chief of Army Staff and GOC-in-C South Western Command) as an Independent Director for a five-year term from January 16, 2026 to January 15, 2031, via Special Resolution. The second item seeks approval to appoint Amb. Dr. Venkata Nagendra Prasad Thatipamula (former Indian Ambassador to Bhutan, Switzerland, Turkmenistan, and Kazakhstan) as an Independent Director for five years from March 16, 2026 to March 15, 2031, via Special Resolution. The third item proposes the appointment of Mr. Kartheek Raju Chintalapati as a Non-Executive, Non-Independent Director from March 16, 2026 via Ordinary Resolution. E-voting will run from March 17, 2026 (9:00 AM) to April 15, 2026 (5:00 PM), with the cut-off date being March 13, 2026.
These appointments strengthen the board's expertise in the aerospace and defence sector, bringing in senior military and diplomatic experience. Shareholders need to vote during the e-voting window; approval is largely procedural as the board has already inducted the directors as Additional Directors subject to shareholder ratification within three months.