StockWatch
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Pharmaceuticals
Board Meeting13 Aug 2026, 04:54 pm

Sigachi Industries Re-appoints Two Independent Directors

AI Summary

Sigachi Industries Limited announced the re-appointment of Ms. Dhanalakshmi Guntaka and Mr. Janardhana Reddy Yeddula as Independent Directors for a second term of five years each, effective from October 18, 2026, and November 30, 2026, respectively. These re-appointments are subject to shareholder approval at the upcoming Annual General Meeting. The company's Board of Directors also approved the un-audited financial results for the quarter ended June 30, 2026, and the lapse and forfeiture of 3,50,57,990 convertible warrants due to non-conversion within the stipulated period. The financial results show a profit after tax of ₹650.67 Lakhs for the quarter.

Key Highlights

  • Two Independent Directors re-appointed for a second five-year term.
  • Re-appointments are subject to shareholder approval at the AGM.
  • Company reported Q1 FY27 profit after tax of ₹650.67 Lakhs.
  • Approved lapse and forfeiture of 3,50,57,990 convertible warrants.
  • Board also approved un-audited financial results for Q1 FY27.