Sigma Solve logo

Sigma Solve MD, chairman, board of directors and AGM

NSE: SIGMABSE: 543917IT - ServicesSmall Cap

Last close ₹42.17down ₹0.49 (1.15%)BSE ₹42.39

Share price at the NSE close on 23 Oct 2026. Previous close ₹42.66.

52-week range of traded prices to 23 Oct 2026
₹35.46Low, 30 Mar 2026₹64.20High, 6 Jan 2026
Market cap
₹433 Cr1,894th largest listed
P/E
13.9
P/B
5.6
Dividend yield
1.19%
ROE
49.4%
ROCE
38.1%
Debt to equity
0.03
Volume, NSE
70,41961.1% delivered

Sigma Solve board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorPRAKASH RATILAL PARIKH

8 directors4 independent4 executive

  • PRAKASH RATILAL PARIKH · Chairperson and managing directorExecutive · joined Apr 2010 · reappointed Apr 2010 · 1 listed board
  • KALPANA PRAKASH PARIKHExecutive · joined Apr 2010 · reappointed Apr 2010 · 1 listed board
  • PRERAK PRAKASH PARIKHExecutive · joined Jun 2025 · reappointed Jun 2025 · 1 listed board
  • PUJAN BIREN ZAVERCHANDExecutive · joined Jun 2025 · reappointed Jun 2025 · 1 listed board
  • ARCHANA SAMIRBHAI SHAHIndependent · joined Aug 2023 · reappointed Aug 2023 · 38 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • SIDDHRAJSINH GOHILIndependent · joined Jun 2025 · reappointed Jun 2025 · 16 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • PRATIK NARESHKUMAR SHAHIndependent · joined Jul 2025 · reappointed Jul 2025 · 15 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • ADITYA VIKRAMBHAI PATELIndependent · joined Jun 2025 · reappointed Jun 2025 · 13 months as independent · 7 listed boards · 7 as independent · 5 committee seats, 10 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

5 directors who left
  • NITIN PRAMUKHBHAI PATEL, left 16 Mar 2026: Others
  • SHARMIL SANJAY GANDHI, left 16 Mar 2026: Others
  • Bharatkumar H Shah, left 22 Jul 2025: Others
  • RAXITKUMAR SURESHBHAI PATEL, left 30 Jun 2025: Tenure Completion
  • JAYESH RAMANLAL SHAH, left 30 Jun 2025: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 25 Sep 20266 of 8 present4 independent · 37 days in between
    • 18 Aug 20266 of 8 present4 independent · 17 days in between
    • 31 Jul 20266 of 8 present4 independent · 72 days in between
    • 19 May 20266 of 8 present4 independent
  • Audit Committee

    Chair PRATIK NARESHKUMAR SHAH

    ADITYA VIKRAMBHAI PATEL, SIDDHRAJSINH GOHIL

    • 31 Jul 20263 of 3 present3 independent · 72 days in between
    • 19 May 20263 of 3 present3 independent
  • Nomination and remuneration committee

    Chair PRATIK NARESHKUMAR SHAH

    ADITYA VIKRAMBHAI PATEL, SIDDHRAJSINH GOHIL

    • 19 May 20263 of 3 present3 independent
  • Stakeholders Relationship Committee

    Chair ADITYA VIKRAMBHAI PATEL

    PRATIK NARESHKUMAR SHAH, ARCHANA SAMIRBHAI SHAH

    • 19 May 20263 of 3 present3 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • MISTRY & SHAH LLPPeer-review certificate valid to Oct 2028
1 earlier auditor
  • MISTRY AND SHAH LLPNamed in filings from Mar 2025 to Mar 2026

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Sigma Solve AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Sigma Solve dividend history

Annual general meeting, 23 Sep 2026

21,403 shareholders on the register on 16 Sep 2026; present: 7 promoters and 41 others; votes counted by MUKESH SHAH / MUKESH H SHAH & CO.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March, 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.98% · promoters 99.99% · institutions 0.00% · other public 6.61%

  2. To Appoint Mr.Prerak Prakash Parikh who retires by rotation and being eligible, offers him-self for reappointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.98% · promoters 99.99% · institutions 0.00% · other public 6.61%

  3. To declare a Final Dividend on Equity Shares for the financial year 2025-26
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.98% · promoters 99.99% · institutions 0.00% · other public 6.61%

  4. Re- appointment of Statutory Auditors of the Company
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.98% · promoters 99.99% · institutions 0.00% · other public 6.61%

  5. REVISION OF BORROWING LIMIT UNDER SECTION 180(1)(C) OF THE COMPANIES ACT, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.98% · promoters 99.99% · institutions 0.00% · other public 6.61%

  6. REVISION OF LIMIT UNDER SECTION 186 OF THE COMPANIES ACT, 2013
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.98% · promoters 99.99% · institutions 0.00% · other public 6.61%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 17 Sep 2025, 12 resolutions

13,263 shareholders on the register on 10 Sep 2025; present: 5 promoters and 41 others; votes counted by MUKESH H SHAH / MUKESH H SHAH & CO..The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 56.96% · promoters 71.58% · institutions 0.00% · other public 16.98%

  2. To Appoint Mr.Nitin Pramukhlal Patel who retires by rotation and being eligible, offers him-self for reappointment
    OrdinaryNot passedRecorded as not passed although most votes were for it; no reason is given
    100.00% for0.00% against

    Against: promoters 0.00% · other public 0.00%

    Turnout: all 56.96% · promoters 71.58% · other public 16.98%

  3. To Appoint Mr.Nitin Pramukhlal Patel who retires by rotation and being eligible, offers him-self for reappointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · other public 0.00%

    Turnout: all 56.96% · promoters 71.58% · other public 16.98%

  4. To Regularization Of Appointment Of Mr. Prerak Parikh (DIN : 09575923) as a Director
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · other public 0.00%

    Turnout: all 4.55% · promoters 0.00% · other public 16.98%

  5. To Regularization Of Appointment Of Mrs. Pujan Biren Zaverchand (DIN :09838037) as a Director
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · other public 0.00%

    Turnout: all 4.55% · promoters 0.00% · other public 16.98%

  6. To Regularization Of Appointment Of Mr. Sharmil Gandhi (DIN : 07659873) as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · other public 0.00%

    Turnout: all 56.96% · promoters 71.58% · other public 16.98%

  7. Regularization Of Appointment Of Mr. Aditya Patel (Din : 09121052) As An Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · other public 0.00%

    Turnout: all 56.96% · promoters 71.58% · other public 16.98%

  8. Regularization Of Appointment Of Mr. Pratik Shah (Din : 11202218) As An Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · other public 0.00%

    Turnout: all 56.96% · promoters 71.58% · other public 16.98%

  9. To Regularization Of Appointment Of Mr. Siddhrajsinh Gohil ( DIN : 11152554) As An Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · other public 0.00%

    Turnout: all 56.96% · promoters 71.58% · other public 16.98%

  10. Split/Sub-Division Of Company’s 1(ONE) Equity Share Of Face Value Of Rs.10/-(Rupees Ten Only) Each Into 10 (Ten) Equity Shares Of Face Value Of Rs.1/- (Rupees One Only) Each
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · other public 0.00%

    Turnout: all 56.96% · promoters 71.58% · other public 16.98%

  11. To consider and approve alteration of Capital Clause of the Memorandum of Association of the Company. Subsequent to subdivision or split of equity shares.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · other public 0.00%

    Turnout: all 56.96% · promoters 71.58% · other public 16.98%

  12. Appointment of M/s. Shah & Shah Associates, Practicing Company Secretaries as Secretarial Auditors
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · other public 0.00%

    Turnout: all 56.96% · promoters 71.58% · other public 16.98%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 20 Aug 2024, 9 resolutions

Present: 5 promoters and 53 others.The company's voting result (opens in a new tab)

  1. ADOPTION OF AUDITED STANDALONE AND FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED 31ST MARCH 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 48.43% · promoters 56.79% · institutions 0.00% · other public 25.57%

  2. To Appoint Mr. Nitin Pramukhlal Patel who retires by rotation and being eligible , offer himself for reappointed
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 48.43% · promoters 56.79% · institutions 0.00% · other public 25.57%

  3. To Declare a Final Dividend on Equity Shares for the Financial year 2023-2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 48.43% · promoters 56.79% · institutions 0.00% · other public 25.57%

  4. To Continue Appointment of a Shri Prakash Parikh as Managing Director of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 6.85% · promoters 0.00% · institutions 0.00% · other public 25.57%

  5. To continue Appointment of a Smt. Kalpana Praksh Parikh as Managing Director of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 6.85% · promoters 0.00% · institutions 0.00% · other public 25.57%

  6. To Approve Related Party Transacation
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 6.85% · promoters 0.00% · institutions 0.00% · other public 25.57%

  7. To Issue Equity Shares by way of Private Placement to Qualified Institutional Buyers
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 48.43% · promoters 56.79% · institutions 0.00% · other public 25.57%

  8. To Increaes Authorised Share Capital
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 48.43% · promoters 56.79% · institutions 0.00% · other public 25.57%

  9. To consider and approve for giving Authorization to Board of Directors to advance any loan give any guarantee or to provide any security to all such person specified under section 185 of the Companies Act 2013 upto an aggreegate limit of Rs. 4 CroresMoreLess
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 6.85% · promoters 0.00% · institutions 0.00% · other public 25.57%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2023, 4 resolutions

Present: 6 promoters and 32 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March, 2023
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 81.13% · promoters 99.99% · institutions 0.00% · other public 29.55%

  2. To Appoint Mr.Nitin Pramukhlal Patel who retires by rotation and being eligible, offers him-self for reappointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 81.13% · promoters 99.99% · institutions 0.00% · other public 29.55%

  3. To declare a Final Dividend on Equity Shares for the financial year 2022-2023
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 81.13% · promoters 99.99% · institutions 0.00% · other public 29.55%

  4. To regularize the Appointment of Mrs. Archana S Shah
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 81.13% · promoters 99.99% · institutions 0.00% · other public 29.55%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 27 Dec 2022, 1 resolution

The company's voting result (opens in a new tab)

  1. MIGRATION OF LISTING/TRADING OF EQUITY SHARES OF THE COMPANY FROM SME PLATFORM OF NSE LIMITED (NSE EMERGE) TO MAIN BOARD OF NSE LIMITED AND BSE LIMITED
    Special
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.96%

    Turnout: all 77.76% · promoters 100.00% · institutions 0.00% · other public 16.98%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 19 Sep 2022, 11 resolutions

Present: 5 promoters and 6 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March, 2022.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 85.51% · promoters 100.00% · institutions 0.00% · other public 45.91%

  2. To Appoint Mr.Nitin Pramukhlal Patel who retires by rotation and being eligible, offers him-self for reappointment
    Ordinary
    98.78% for1.22% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.49%

    Turnout: all 85.51% · promoters 100.00% · institutions 0.00% · other public 45.91%

  3. To Continue Appointment of Mr. Prakash Ratilal Parikh as Managing Director who attained Seventy Years of Age
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 64.71% · promoters 71.59% · institutions 0.00% · other public 45.91%

  4. To Continue Appointment of Mrs. Kalpana Prakash Parikh as a Whole Time Director on Attaining Seventy Years of Age
    Special
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.59%

    Turnout: all 64.73% · promoters 71.61% · institutions 0.00% · other public 45.91%

  5. To Reappoint Mr. Raxitkumar Sureshbhai Patel, Independent Director for another term of Three year
    Special
    98.69% for1.31% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.08%

    Turnout: all 25.07% · promoters 100.00% · institutions 0.00% · other public 4.59%

  6. To Reappoint Mr. Jayesh Ramanlal Shah, Independent Director for another term of Three year
    Special
    98.69% for1.31% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.08%

    Turnout: all 85.51% · promoters 100.00% · institutions 0.00% · other public 45.91%

  7. To Regularize Appointment of Mr. Bharatkumar Himmatlal Shah
    Special
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.59%

    Turnout: all 85.51% · promoters 100.00% · institutions 0.00% · other public 45.91%

  8. To Issue Bonus Shares
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 85.51% · promoters 100.00% · institutions 0.00% · other public 45.91%

  9. To Increase Authorised Share Capital
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 85.51% · promoters 100.00% · institutions 0.00% · other public 45.91%

  10. To Approve Related Party Transaction
    SpecialPromoters have an interest in it
    99.41% for0.59% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.59%

    Turnout: all 12.30% · promoters 0.00% · institutions 0.00% · other public 45.91%

  11. Variation In Terms Of Objects Of The Public Issue As Stated In The Prospectus Of The Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 85.51% · promoters 100.00% · institutions 0.00% · other public 45.91%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 17 Sep 2021, 4 resolutions

Present: 7 promoters and 6 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March, 2021.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 85.55% · promoters 100.00% · institutions 0.00% · other public 46.05%

  2. To Appoint Mr.Nitin Pramukhlal Patel who retires by rotation and being eligible, offers him-self for reappointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 85.55% · promoters 100.00% · institutions 0.00% · other public 46.05%

  3. ¿To Declare a Final Dividend of Rs. 0.50/- (Fifty Paisa Only)on Equity Shares for the financial year 2020-2021
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 85.55% · promoters 100.00% · institutions 0.00% · other public 46.05%

  4. To Appoint M/s. Mistry & Shah LLP, Chartered Accountants, Ahmedabad (FRN: W100683) as a Statutory Auditor of the company to fill the casual vacancy¿caused by the resignation of M/s. A Y & Co., Chartered Accountants.MoreLess
    Ordinary
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.59%

    Turnout: all 85.55% · promoters 100.00% · institutions 0.00% · other public 46.05%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026.

RaisedAmount raisedForSet asideSpentSpent elsewhereSpent elsewhere, amountReason and comments
Public IssuesOct 20204.95Acquisitions And Other Strategic Initiatives2.300.00YesThe Unutilized Amount of Public Issue Expense to be Utilized as an Amount Available for General Corporate Purpose
Public IssuesOct 20204.95Investment in Subsidiary0.700.70YesThe Unutilized Amount of Public Issue Expense to be Utilized as an Amount Available for General Corporate Purpose
Public IssuesOct 20204.95General Corporate Purpose1.201.20YesThe Unutilized Amount of Public Issue Expense to be Utilized as an Amount Available for General Corporate Purpose
Public IssuesOct 20204.95Public Issue Expenses0.752.64Yes0.32The Unutilized Amount of Public Issue Expense to be Utilized as an Amount Available for General Corporate Purpose
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.