Sigachi Industries to raise ₹264 Cr via warrants, increase capital
Sigachi Industries Limited's Board of Directors approved a significant increase in authorized share capital from ₹43 Crores to ₹60 Crores. The company also plans to issue up to 11 crore convertible warrants at ₹26.40 each to promoters and select non-promoters via preferential allotment, subject to shareholder approval. This move aims to raise approximately ₹264 Crores. The board also appointed Care Ratings as monitoring agency, convened an EGM for shareholder approval on September 15, 2026, and approved the deviation in the object clause of the IPO. Additionally, internal auditors were changed, with M/s. PRSV & Co. LLP resigning and M/s. RSM Astute Consulting Private Limited appointed for FY 2026-27.
Key Highlights
- Authorized share capital to increase from ₹43 Cr to ₹60 Cr.
- Plans to issue 11 Cr warrants at ₹26.40 each via preferential allotment.
- Aims to raise approximately ₹264 Crores through the warrant issue.
- Shareholder approval sought for capital increase and warrant issuance.
- Internal auditors changed for FY 2026-27.
Price Impact
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