Sigachi Industries: 10 Shareholders Dissent on Resolution 8 at AGM

Sigachi Industries Limited reported that 10 out of 181 participating shareholders dissented on Resolution No. 8 during their Annual General Meeting (AGM). This resolution pertained to the variation in the objects of the initial public issue, specifically concerning the full utilization of funds for a project outlined in the prospectus dated 08.11.2021. The company clarified that no exit opportunity is applicable to these dissenting shareholders as the conditions stipulated under Schedule XX of SEBI (ICDR) Regulations, 2018, were not met. The filing lists the names and shareholdings of the dissenting shareholders.