Sigachi Industries Limited shareholders approved a dividend of ₹0.10 per equity share of face value ₹1 each for FY26 during the company's 37th Annual General Meeting held on September 29, 2026.

The meeting, conducted via video conference in compliance with MCA and SEBI guidelines, saw the adoption of standalone and consolidated audited financial statements for the year ended March 31, 2026. A total of 43 members attended the virtual session, which commenced at 11:00 am and concluded at 11:31 am.

Board reappointments and resolutions

The shareholders passed several key resolutions regarding board composition and operational matters. Mr. Chidambaranathan, Executive Vice Chairman & Whole-Time Director, was reappointed as he retired by rotation and offered himself for re-election. Additionally, two independent directors were reappointed via special resolution:

• Ms. Dhanalakshmi Guntaka
• Mr. Janardhana Reddy Yeddula

The board also ratified the remuneration payable to the Cost Auditor for FY27. A material related party transaction with subsidiary Trimax Bio Sciences Private Limited was approved under an ordinary resolution.

Deviation in IPO object utilization

A significant item on the agenda involved the deviation or variation in the objects of the Initial Public Issue as stated in the prospectus dated November 8, 2021. This resolution was put to vote alongside other special business items.

Voting and compliance details

All resolutions were decided through remote e-voting and e-voting at the AGM. The scrutinizer, appointed by the Board, will release the detailed voting results along with their report to the stock exchanges and the company website. The meeting was chaired by Mr. Rabindra Prasad Sinha, Executive Chairman, with management present including Managing Director & CEO Mr. Amit Raj Sinha and CFO Mr. O. Subbarami Reddy.

Sigachi Industries submitted its Sustainability Report for the financial year ended March 31, 2026, highlighting a significant reduction in total energy consumption and the expansion of its greenhouse gas reporting scope. The company reported total energy consumption of 3,60,165.60 GJ, down from 4,05,650.15 GJ in the previous year, marking an 11.2% decline.

The report details the company's response to operational challenges during FY26, including comprehensive safety system redesigns following an incident at its Pashamylaram facility. Key environmental metrics show Scope 2 emissions fell 18.4% to 7,060.52 tCO2e, while Scope 1 emissions remained broadly stable at 42,597.27 tCO2e. For the first time, Sigachi measured Scope 3 emissions, which totaled 93,118.53 tCO2e.

Environmental performance and emissions

Sigachi expanded its GHG assessment to include nine categories of Scope 3 emissions, with Purchased Goods and Services representing the largest share. The company also revised its environmental baseline to FY2025-26 to reflect changes in its operational footprint, including the cessation of operations at the Hyderabad unit.

Air emissions showed notable improvements, with NOx falling 40.3% to 42.4 µg/m³ and SOx declining 56.9% to 44.2 µg/m³. Particulate matter levels also decreased, with PM 2.5 dropping 50.0% and PM 10 reducing by 40.9%.

Safety reforms and workforce development

Following the incident at the Pashamylaram facility, Sigachi implemented a five-dimension safety framework focusing on preventive controls, independent assessments, emergency preparedness, capability building, and occupational health. The Lost Time Injury Frequency Rate (LTIFR) for employees rose to 8.44 in FY26 from zero in FY25, reflecting the impact of the year's events on safety metrics.

Training coverage for employees increased to 97.52% from 89.44% in the previous year. The company invested ₹291 lakh in employee wellbeing, a 36% increase over the prior year's expenditure of ₹214 lakh.

Governance and supply chain oversight

The Board strengthened its Enterprise Risk Management framework aligned with COSO principles and formalized a Business Continuity Plan. Sigachi assessed five key and critical suppliers against ESG parameters, covering environmental management, human rights, and ethical conduct. The company maintained a clean record with zero data breaches and zero POSH complaints reported during the fiscal year.

What the numbers show

A divergence exists between total energy consumption and energy intensity. While total energy use dropped 11.2%, energy intensity per physical output rose significantly from 20.923 GJ/MT in FY25 to 35.84 GJ/MT in FY26. This suggests that production volumes declined at a faster rate than energy usage, or that operational inefficiencies emerged despite absolute energy savings. Similarly, water withdrawal increased 28% to 73,197 KL while water intensity jumped from 2.637 KL/MTPA to 5.69 KL/MTPA, indicating a disproportionate rise in resource dependency relative to output.