StockWatch
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Pharmaceuticals
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.