
Auditor22 Aug 2026, 05:30 pm
Sigachi Industries Appoints New Internal Auditors
AI Summary
Sigachi Industries Limited announced a change in its internal auditors during a board meeting held on August 22, 2026. The board accepted the resignation of M/s. PRSV & Co. LLP as Internal Auditors for FY 2026-27 and appointed M/s. Aakanksha Dubey & Co. to the same role. The meeting also approved a significant increase in authorized share capital from Rs. 43 Crores to Rs. 60 Crores and the issuance of up to 11 crore convertible warrants to promoters and identified non-promoters at Rs. 26.40 each, subject to shareholder approval. An Extra-Ordinary General Meeting is scheduled for September 15, 2026, to seek these approvals.
Key Highlights
- Internal auditors M/s. PRSV & Co. LLP resigned.
- M/s. Aakanksha Dubey & Co. appointed as new internal auditors.
- Authorized share capital increased from Rs. 43 Cr to Rs. 60 Cr.
- Company to issue 11 crore convertible warrants via preferential allotment.
- EGM scheduled for September 15, 2026, for shareholder approvals.
Price Impact
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