Twinshield Consultants Private Limited, a promoter group entity, has increased its shareholding in Sicagen India Limited by acquiring 15,45,500 equity shares. The transaction was executed via an off-market sale on June 19, 2026, at the prevailing market rate. This acquisition was disclosed to BSE Limited under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to the transaction, Twinshield Consultants held 69,02,634 shares, representing 17.44% of the total voting capital. Following the purchase of 15,45,500 shares, the entity's holding has increased to 84,48,134 shares, which now constitutes 21.34% of the total voting capital. The total equity share capital of Sicagen India Limited remains unchanged at 3,95,71,684 shares, aggregating to ₹3,95,716,840.

The disclosure was submitted by E N Rangaswami, Director of Twinshield Consultants Private Limited, on June 22, 2026. The filing confirmed that the acquirer belongs to the promoter group category. The total diluted share capital of the target company remains 3,95,71,684 equity shares.

Shareholding Details

The table below outlines the changes in shareholding following the transaction:

The transaction was executed as an off-market purchase by a promoter group company, as indicated in the regulatory filing.

Sicagen India Limited has initiated a postal ballot process to seek shareholder approval for the appointment of Mr. Prasanna Joshi as Director and Whole-Time Director of the company. The resolution proposes his appointment for a period of three years commencing from May 14, 2026, subject to shareholder consent. Mr. Joshi replaces Mr. Nandakumar Varma, who resigned as Whole-Time Director effective May 13, 2026, due to personal reasons and other commitments.

The Board of Directors, at its meeting held on May 13, 2026, recommended the appointment based on the advice of the Nomination & Remuneration Committee. Mr. Joshi was initially appointed as an Additional Director effective May 14, 2026, under Section 161 of the Companies Act, 2013. The company has now sought approval to regularize his position as a Director and Whole-Time Director.

Remuneration Details

The remuneration package proposed for Mr. Prasanna Joshi includes a basic salary and allowances of ₹40.50 Lakhs per annum and a performance-linked pay of ₹5.50 Lakhs per annum. Additionally, perquisites and statutory contributions are permitted up to ₹4.00 Lakhs per annum. The total remuneration is structured within the limits prescribed under Schedule V of the Companies Act, 2013.

E-Voting Schedule

The remote e-voting facility is available to shareholders whose names appear in the Register of Members or List of Beneficial Owners as of the cut-off date, May 29, 2026. The voting period commences at 09:00 a.m. on June 9, 2026, and concludes at 05:00 p.m. on July 8, 2026. The results of the postal ballot will be announced within two working days of the conclusion of the voting process.

Director Profile

Mr. Prasanna Joshi holds a Bachelor's Degree in Mechanical Engineering and an MBA from the Great Lakes Institute of Management, Chennai. He also holds a Post-Graduate Diploma in Advanced Business Analytics from the Indian Institute of Management, Ahmedabad. With approximately 20 years of experience across Retail, Infrastructure, Education, and IT/ITES sectors, he has been associated with Sicagen India Limited for the past 13 years, leading the Building Material Division. He does not hold any shares in the company and is not related to any other director.