Sigma Advanced Systems Limited's Board of Directors, in a meeting held on June 4, 2026, approved a significant preferential issuance of equity shares. The company will issue up to 1,32,56,470 fully paid-up Equity Shares at a price of ₹347 per share, including a premium of ₹337, aggregating up to ₹459.99 crore. These shares will be issued to non-promoters, subject to regulatory and member approvals. India Ratings and Research Private Limited has been appointed as the Monitoring Agency for this issuance. Additionally, the Board approved the issuance of 4,32,777 Equity Shares of ₹10 each on a preferential basis for consideration other than cash. This move involves acquiring an additional 25% equity shareholding in its subsidiary, AS Strategic Private Limited, via a share swap. This acquisition aims to strengthen and expand the company's defense business globally by creating an integrated and scalable platform. The company also approved the draft notice for an Extra-Ordinary General Meeting (EGM) to be held on June 28, 2026, through Video Conferencing. The board meeting commenced at 3:00 p.m. and concluded at 8:15 p.m.
