News ArticleSigma Advanced Systems Announces Q2 FY2027 Financial Results and Approves ₹3,000 Crore Fundraising Plan
Board appoints new independent directors and designates Lt. Gen. Retd. Raju Somashekar Baggavalli as Chairman; approves postal ballot notice
Sigma Advanced Systems Limited announced its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The Board approved a fundraise of up to ₹3,000 crores through various methods including public and rights issues, alongside key board appointments and management changes.
Sigma Advanced Systems Limited
Financial Results
Sigma Advanced Systems Limited released its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, reporting total revenue of ₹10,340.01 lakh for the half year and net profit of ₹2,444.89 lakh. The Board also approved raising up to ₹3,000 crores through equity or other securities.
Total revenue from operations for the quarter ended September 30, 2026 stood at ₹4,651.63 lakh, contributing to a half-year revenue of ₹8,784.48 lakh. Other income amounted to ₹1,555.54 lakh for the half year, which includes profits from sale of property and rental income.
The company registered a profit before tax of ₹3,194.91 lakh for the half year ended September 30, 2026, with tax expenses totaling ₹3,100 lakh, resulting in a net profit after tax of ₹2,444.89 lakh for the same period.
The Board approved a fundraise up to ₹3,000 crores through multiple instruments including equity shares, preferential allotment, private placement, rights issue, and qualified institutions placement. The final terms including pricing will be decided by the Board or a designated committee.
Key appointments approved include Mr. Galla Jayadev and Ms. Urkavalan Jeya Santhi as Independent Directors, with Lt. Gen. Retd. Raju Somashekar Baggavalli designated as Chairman of the Board.
Mr. Kartheek Raju Chintalapati’s designation changed to Whole-Time Director and Vice Chairman, while Mr. Sunil Kumar Kalidindi was appointed Managing Director. Several resignations from the board were also noted during the meeting.
Highlights
- Total revenue stood at ₹10,340.01 lakh for half year ended September 30, 2026.
- Net profit after tax for the half year was ₹2,444.89 lakh.
- Board approved raising funds up to ₹3,000 crores via equity and other securities.
- Appointment of two new Independent Directors and a new Board Chairman.
- Key management role changes including promotion of Managing Director and Vice Chairman.
- Meetings held on November 6, 2026, with resolutions passed for financial and corporate governance matters.
Key Data Snapshot
What happened
- Sigma Advanced Systems announced unaudited standalone and consolidated financial results for Q2 and H1 FY2027.
- The company’s Board approved raising funds up to ₹3,000 crores via equity or other securities, subject to approvals.
- Key appointments and changes in the Board and senior management were approved.
- Noted resignations from certain Board members were accepted.
Financial performance
- Standalone revenue from operations for the quarter was ₹4,651.63 lakh and ₹8,784.48 lakh for the half year ended September 30, 2026.
- Total revenue including other income reached ₹10,340.01 lakh for the half year.
- Profit before tax for the half year ended September 30, 2026 was ₹3,194.91 lakh.
- Net profit after tax stood at ₹2,444.89 lakh for the same period.
Strategic context
- The approved fundraise of up to ₹3,000 crores may be conducted via multiple routes such as further public offer, preferential allotment, rights issue, private placement or qualified institutions placement.
- The purpose of fundraising and usage of funds were not specified in the filing.
Regulatory and governance context
- All fundraising and appointments are subject to regulatory approvals including shareholders’ approval via postal ballot.
- Financial results were approved in accordance with SEBI Listing Regulations and relevant provisions.
- The company will publish extracts of the financial results in English and Tamil newspapers and on its website.
Next milestones
- Further announcements will be made regarding the timing and terms of the fundraising.
- Shareholders will be notified about the postal ballot for approvals.
Highlights
- Total revenue stood at ₹10,340.01 lakh for half year ended September 30, 2026.
- Net profit after tax for the half year was ₹2,444.89 lakh.
- Board approved raising funds up to ₹3,000 crores via equity and other securities.
- Appointment of two new Independent Directors and a new Board Chairman.
- Key management role changes including promotion of Managing Director and Vice Chairman.
- Meetings held on November 6, 2026, with resolutions passed for financial and corporate governance matters.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
- Companies Act, 2013
- SEBI ICDR Regulations, 2018
Source Information
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