Sigachi Industries IPO Proceeds Utilization Report Filed

Sigachi Industries Limited has filed its Monitoring Agency Report for the quarter ended June 30, 2026, prepared by Kotak Mahindra Bank Limited. The report confirms no deviation in the utilization of IPO proceeds from the objects stated in the prospectus. The funds were utilized for the expansion of production capacity for microcrystalline cellulose (MCC) at Dahej and Jhagadia, Gujarat. All necessary shareholder approvals and government/statutory approvals related to these objects have been obtained. The monitoring agency declared that the report provides a true and fair view of the utilization of offer proceeds and confirmed no conflict of interest.