Sigachi Industries Ltd

Sigachi Industries Ltd has announced an Extra-Ordinary General Meeting (EGM) scheduled for Tuesday, September 15, 2026, at 11:00 AM, to be conducted via Video Conference/Other Audio Visual Means (VC/OAVM). The meeting will discuss two primary agenda items: increasing the company's authorized share capital from ₹43 crore to ₹60 crore and the issuance of up to 11,00,00,000 convertible warrants to promoters and non-promoters on a preferential basis. The cut-off date for e-voting is set for September 8, 2026. The full notice and details are available on the company's website.

Sigachi Industries Limited has issued a correction regarding the Annexure A of the Board Meeting outcome held on August 22, 2026. An inadvertent typographical error occurred where the name of a proposed allottee, 'K Neelima', was mistakenly recorded as 'Anil Kondoth'. The company has provided the corrected details, specifying 'K Neelima' as the actual name for Sl. No. 34. All other aspects of the board meeting outcome and its annexure remain unchanged.

Sigachi Industries Limited announced a change in its internal auditors during a board meeting held on August 22, 2026. The board accepted the resignation of M/s. PRSV & Co. LLP as Internal Auditors for FY 2026-27 and appointed M/s. Aakanksha Dubey & Co. to the same role. The meeting also approved a significant increase in authorized share capital from Rs. 43 Crores to Rs. 60 Crores and the issuance of up to 11 crore convertible warrants to promoters and identified non-promoters at Rs. 26.40 each, subject to shareholder approval. An Extra-Ordinary General Meeting is scheduled for September 15, 2026, to seek these approvals.

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.

Sigachi Industries Ltd has announced a Board of Directors meeting scheduled for August 22, 2026. The primary agenda item is to consider and approve a proposal for raising funds through a preferential issue of equity shares, convertible warrants, or convertible securities to promoters and non-promoters. The company also informed that the trading window for its securities will be closed from August 19, 2026, until 48 hours after the board meeting concludes, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

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.

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.

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.

Sigachi Industries Limited's Board of Directors met on August 13, 2026, to approve the un-audited financial results for the quarter ended June 30, 2026, both standalone and consolidated. The board also approved the lapse and forfeiture of 3,50,57,990 convertible warrants, resulting in the forfeiture of amounts received for 22,87,53,813 warrants. Additionally, the re-appointment of Ms. Dhanalakshmi Guntaka and Mr. Janardhana Reddy Yeddula as Independent Directors for a second five-year term was approved, subject to shareholder approval.

Sigachi Industries' consolidated Q1 FY27 (quarter ended June 30, 2026) revenue was ₹121.27 Cr, down 5.4% YoY (from ₹128.25 Cr) and roughly flat QoQ (-0.5% versus ₹121.90 Cr in Q4 FY26). Consolidated profit for the period was ₹8.14 Cr (₹6.76 Cr attributable to shareholders, EPS ₹0.18) against a reported loss of ₹100.97 Cr a year ago — on the surface a turnaround. Standalone PAT was ₹6.51 Cr on revenue of ₹98.28 Cr, EPS ₹0.17. That YoY swing is a base effect, not an operating recovery: the year-ago quarter carried a ₹121.01 Cr one-off exceptional charge (both standalone and consolidated) that pushed it into a large reported loss, while this quarter has no exceptional item. Stripping the one-off from the year-ago base, consolidated PAT was ~₹20.04 Cr a year ago — so like-for-like, this quarter's ₹8.14 Cr profit is down roughly 59% YoY even as the reported number went from loss to profit. The compression shows up on operating margin: EBITDA (PBT before exceptional items plus finance costs and depreciation) was ₹17.52 Cr, a margin of 14.4% of revenue, versus ~21.9% a year ago on the same adjusted basis, and about flat against Q4 FY26's 14.6%. Sequentially, reported PAT rose 6.5% QoQ (₹8.14 Cr vs ₹7.65 Cr), but Q4 FY26 also carried a small ₹1.14 Cr exceptional loss, so the underlying QoQ trend is closer to flat. This lines up with what management flagged on the Q3 FY26 concall (Feb 2026): a slow, gradual recovery, FY27 as 'a year of partial momentum without specific revenue targets,' and a return to 20%+ EBITDA margins pushed out to FY28 — this quarter's flat topline and sub-15% margin are consistent with that cautious framing rather than a beat or a miss. No press release or MD&A commentary accompanied this filing beyond the bare BSE outcome letter, so there is no fresh management quote to weigh against the numbers, and a web search turned up no analyst consensus estimates specific to this quarter, so vsStreet is unknown. The quarter's other board actions — approval of the un-audited results, and forfeiture of 3.51 Cr convertible warrants (₹22.88 Cr forfeited) allotted to promoters and investors in August 2023 whose conversion option lapsed unexercised — are capital-structure/governance items unconnected to operating performance. The company's stated near-term catalyst remains commissioning of the 12,000 MTPA MCC and 1,800-ton CCS facility at Dahej, targeted for Q3 FY27, which management calls critical to future growth. Until that capacity comes online, this quarter suggests margin recovery is tracking the cautious FY28 guidance rather than accelerating, and topline growth has yet to show up in the reported numbers.