AGM/EGM9 Sept 2026, 03:39 pm
Sigachi Industries Issues EGM Notice Corrigendum, Details Preferential Issue
AI Summary
Sigachi Industries Ltd has issued a corrigendum to its Notice of ExtraOrdinary General Meeting (EGM) originally scheduled for September 15, 2026. The corrigendum clarifies the objects of a proposed preferential issue of 11,00,00,000 convertible warrants at Rs. 26.40 each. The issue aims to raise funds for expansion of MCC production capacity (₹110.70 Cr), setting up a CCS facility (₹61.71 Cr), expanding API facility (₹17.99 Cr), working capital (₹60.00 Cr), and general corporate purposes (₹40.00 Cr). The EGM will be held via Video Conference/Other Audio Visual Means.
Key Highlights
- Corrigendum issued for EGM notice scheduled for September 15, 2026.
- Details preferential issue of 11 Cr warrants at Rs. 26.40 each.
- Funds to be used for MCC, CCS, API expansion, and working capital.
- Total funds to be raised are approximately ₹290.40 Crores.
- EGM to be conducted via Video Conference/Other Audio Visual Means.
Price Impact
More from SIGACHI