Corporate Action13 Aug 2026, 04:43 pm
Sigachi Industries forfeits 3,50,57,990 warrants
AI Summary
Sigachi Industries Limited announced the lapse and forfeiture of 3,50,57,990 convertible warrants. These warrants were issued under SEBI (ICDR) Regulations, 2018, and the holders failed to exercise their conversion option within the stipulated 18-month period, which ended on February 09, 2025. Consequently, the amount received for these warrants, totaling 22,87,53,813, has been forfeited as per SEBI regulations. The company also reported its un-audited financial results for the quarter ended June 30, 2026, showing a profit of ₹650.67 Lakhs. Additionally, the board approved the re-appointment of two Independent Directors.
Key Highlights
- Sigachi Industries forfeited 3,50,57,990 convertible warrants.
- Failure to exercise conversion option led to forfeiture of funds.
- Company reported Q1 FY27 profit of ₹650.67 Lakhs.
- Two Independent Directors re-appointed for a second term.
Price Impact
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