Sigachi Industries Limited held a Board Meeting on August 22, 2026 at 10:30 am through Video Conference, which concluded at 3:30 pm. The Board considered and approved several items of business:

Capital Structure Changes

The Board approved increasing the Authorised Share Capital of the Company from ₹43,00,00,000 (Rupees Forty Three Crores Only) divided into 43,00,00,000 equity shares of Re. 1/- each to ₹60,00,00,000 (Rupees Sixty Crores Only) divided into 60,00,00,000 equity shares of Re. 1/- each. This increase is subject to shareholder approval in the ensuing Extra Ordinary General Meeting.

Preferential Issue of Convertible Warrants

The Board approved the issuance of up to 11,00,00,000 (Eleven Crores) convertible warrants at an issue price of ₹26.40 per warrant. Each warrant is convertible into one fully paid-up equity share of face value Re. 1/- each. The total issue size represents approximately ₹290.40 Crores. The warrants must be converted within 18 months from the date of allotment, failing which the amount paid along with the non-converted warrants will be forfeited.

Allottee Details

The preferential issue includes 43 allottees:

  • Promoter & Promoter Group: Amit Raj Sinha (7,50,00,000 warrants)
  • 42 other identified non-promoter persons/entities including Trikaya Wealth Advisors Private Limited (45,00,000 warrants), Rajendra Prasad Adiraju (45,00,000 warrants), and various other individuals and entities with allocations ranging from 50,000 to 40,00,000 warrants

Post-Issue Capital Structure

Post-allotment, assuming full subscription and conversion, promoters will hold 43.73% and public shareholders will hold 56.27% of the post-issue paid-up capital.

Monitoring and Scrutinizer Appointments

The Board appointed Care Ratings Limited as Monitoring Agency to monitor the use of proceeds from the preferential issue. M/s. Aakanksha Dubey & Co. was appointed as Scrutinizer for the e-Voting process for both the EGM and AGM.

Meeting Schedule

An Extra-Ordinary General Meeting is scheduled for Tuesday, September 15, 2026 at 11:00 a.m. through Video Conference or Other Audio Visual Means to seek shareholder approval for the capital increase and preferential issue.

Auditor Changes

The Board accepted the resignation of M/s. PRSV & Co. LLP as Internal Auditors for FY 2026-27, effective August 22, 2026. PRSV & Co. LLP cited increased professional pre-occupation in other assignments and manpower constraints as reasons for resignation.

The Board appointed M/s. RSM Astute Consulting Private Limited as Internal Auditors for FY 2026-27, effective August 22, 2026. RSM India is ranked among India's Top 6 audit, tax, and consulting groups with Pan-India presence across 12 key cities.

Other Approvals

The Board approved the Notice of Annual General Meeting and Directors Report for FY 2025-26 and authorized the Managing Director & CEO to decide the date, time, and venue/mode of the AGM. The Board also approved deviation/variation in the object clause of the initial public issue as stated in the Prospectus, subject to shareholder approval.