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 has issued a postal ballot notice seeking shareholder approval for the reappointment of Mr. Sivalenka Kalyan Vijay as an Independent Director (Non-Executive) for a second term of five consecutive years from June 28, 2026 to June 27, 2031. This is a Special Resolution requiring shareholder consent. Mr. Vijay's first term expires on June 27, 2026. The company highlights his strong background in investments, corporate finance, and entrepreneurship, noting his alignment with the company's strategic growth plans in the Aerospace and Defence sector. The board based its recommendation on the Nomination and Remuneration Committee's assessment of his performance, expertise, and contributions during his first term. The e-voting period runs from May 28, 2026 to June 26, 2026. Mr. Vijay attended all 12 board meetings in FY 2025-26 and currently chairs the Audit/Risk & Compliance Committee and Stakeholders' Relationship Committee.
Shareholders are asked to approve routine reappointment of an existing independent director; no material impact on stock price expected as this is a standard governance matter. The director brings finance and investment expertise relevant to the company's defence sector growth plans.