SIGMA ADVANCED SYSTEMS LIMITED has informed the Exchange regarding Appointment of Mr Kartheek Raju Chintalapati as Non- Executive Director of the company w.e.f. March 16, 2026.
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Sigma Advanced Systems Limited (formerly Megasoft Limited) has appointed two new directors via a circular board resolution passed on March 16, 2026. The first is Amb. Dr. Venkata Nagendra Prasad Thatipamula as a Non-Executive Independent Director for a 5-year term; he is a retired Indian Foreign Service ambassador with over three decades of diplomatic experience. The second is Mr. Kartheek Raju Chintalapati as a Non-Executive Non-Independent Director; he is a second-generation entrepreneur from iLabs Group with 15+ years of consulting and investment experience across pharmaceuticals, defence, and power sectors. The Board also approved a Postal Ballot to regularize these appointments and that of Lt Gen Raju Somashekar Baggavalli, who was appointed on January 16, 2026. Both new appointees are confirmed as not debarred by SEBI and not related to any existing directors.
This is a routine governance update that broadens the board's expertise with diplomatic and private investment perspectives. For shareholders, it signals continued board reconstitution with diverse profiles, though these are additional directors pending shareholder regularization, so no immediate operational or financial impact is expected.