Sigma Advanced Systems Approves Large Preferential Share Issue and Strategic Defense Stake Acquisition
Sigma Advanced Systems Limited has approved several strategic decisions following a Board meeting held on June 4, 2026, including the preferential issuance of equity shares and a plan to increase its stake in its subsidiary, AS Strategic Private Limited.The Board sanctioned the issue of up to 13,256,470 fully paid-up Equity Shares on a preferential basis to non-promoters. These shares are offered at a price of ₹347 per share, comprising a premium of ₹337. The total aggregated value of this issuance is up to ₹459,99,95,090.
The company also approved the appointment of India Ratings and Research Private Limited as its Monitoring Agency for the preferential issue.
Strategic Acquisition in Aerospace & Defence Sector
In a separate decision, the Board approved the issuance of 4,32,777 Equity Shares at ₹10 each to secure an additional 25% equity shareholding in AS Strategic Private Limited (AS), which is a defense and aerospace focused company. This acquisition will be executed through a swap of shares, with an approximate cost of acquisition set at INR 15 Crores.The current holding stands at 51%, and the proposed additional acquisition would bring the total stake to 76%. The company aims for this expanded ownership to create an integrated and scalable platform for strengthening its global defence business.
Investor Allocation Details
The preferential allotment of up to 13,256,470 shares is allocated to various non-promoter investors. Below is a summary of the proposed allocations across different investor categories:Summary of Preferential Allotment (Annexure I)
| Particular | Details |
|---|---|
| Type of Securities Proposed | Equity Shares |
| Issuance Type | Preferential Allotment |
| Total Shares Being Issued (Up to) | 1,32,56,470 |
| Issue Price / Aggregate Value | ₹347 / ₹459,99,95,090 |
Proposed Allottees for Preferential Issuance (Annexure I(A))
The following table provides a detailed view of the proposed shares and corresponding consideration for specific non-promoter investors:
| Name of Proposed Allottee | Category | Number of Shares | Amount of Consideration (₹) | Post-Issue Shareholding Structure (%) |
|---|---|---|---|---|
| Bank of India Flexi Cap Fund | Non-Promoter - Mutual Fund | 734,870 | 254,999,890 | 0.39 |
| Bank of India Small Cap Fund | Non-Promoter - Mutual Fund | 680,115 | 235,999,905 | 0.36 |
| Taurus Flexi Cap Fund | Non-Promoter - Mutual Fund | 345,821 | 119,999,887 | 0.18 |
| Akshat Greentech Private Limited | Non-Promoter | 1,440,922 | 499,999,934 | 0.76 |
| Kuldip Singh Rathee | Non-Promoter | 1,453,461 | 249,999,967 | 0.77 |
Details of Acquisition Shares for AS Strategic Private Limited (Annexure II)
The issuance of 4,32,777 Equity Shares to acquire the additional stake in AS Strategic Private Limited is allocated to various investors. These shares are issued at a price of ₹10 each.Details of Proposed Allottees for AS Strategic Stake Acquisition:
| Name of Proposed Allottee | Category | Number of Shares | Pre-Issue Shareholding (%) | Post-Issue Shareholding (%) |
|---|---|---|---|---|
| SA Insights Private Limited | Non - Promoter | 1,38,462 | 0.00 | 0.08 |
| Adhiraj Khanna | Non - Promoter | 2,94,315 | 0.00 | 0.17 |
The company noted that AS Strategic Private Limited is a Defence and Aerospace focused entity based in Delhi.
SIGMAADV Stock Price Movement
SIGMA ADVANCED SYSTEMS LIMITED rallied strongly on Thursday, surging by 4.99% to close at ₹458.7, marking a remarkable ascent for the Capital Goods firm. The stock settled at this level, achieving its 52-week high and trading amidst a volume of 224,154 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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