Sigachi Industries Promoter Amit Raj Sinha Faces Pledge Invocation of 10 Lakh Shares

1 min read     Updated on 06 Aug 2025, 10:22 AM
scanxBy ScanX News Team
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Overview

Amit Raj Sinha, a key promoter of Sigachi Industries Limited, reported the invocation of 10 lakh pledged shares on August 1, 2025. This represents 0.26% of the company's total share capital. Following the invocation, Sinha's personal shareholding decreased from 6.15% to 5.24%, with pledged shares reducing from 0.66% to 0.39%. The total promoter group holdings now stand at 36.25% of the company's share capital. The disclosure was made in compliance with SEBI regulations.

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*this image is generated using AI for illustrative purposes only.

Sigachi Industries Limited , a prominent player in the Indian market, recently witnessed a significant change in its promoter shareholding. Amit Raj Sinha, a key promoter of the company, reported the invocation of pledged shares on August 1, 2025, as disclosed in the latest LODR (Listing Obligations and Disclosure Requirements) filing.

Pledge Invocation Details

The invocation involved 10 lakh equity shares, representing 0.26% of the company's total share capital. These shares were part of a larger pledge of 25 lakh shares (0.66% of total share capital) that Sinha had created on July 16, 2024.

Impact on Shareholding

Following this transaction, Amit Raj Sinha's personal shareholding in Sigachi Industries has undergone a notable change:

Particulars Before Invocation After Invocation
Shares Held 2,35,10,022 2,00,10,022
Percentage Holding 6.15% 5.24%
Pledged Shares 25,00,000 15,00,000
Percentage of Pledged Shares 0.66% 0.39%

Promoter Group Holdings

The promoter group of Sigachi Industries includes several family members and entities. After this transaction, the total promoter group holdings stand at 13,84,98,472 shares, constituting 36.25% of the company's share capital. This group comprises:

  1. Amit Raj Sinha
  2. Rabindra Prasad Sinha
  3. Sudha Sinha
  4. Swati Sinha
  5. Nitin Raj Sinha
  6. Smita Sinha
  7. RPS Family Trust
  8. Amit Raj Sinha Family Trust
  9. RPS Industries Pvt Ltd

Regulatory Compliance

In compliance with SEBI regulations, specifically Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Amit Raj Sinha promptly disclosed this change in shareholding to the National Stock Exchange of India Limited and BSE Limited on August 5, 2025.

Company Overview

Sigachi Industries Limited, listed on both the National Stock Exchange of India Limited and BSE Limited, has a total equity share capital of Rs 38,21,17,010, comprising 38,21,17,010 shares of Re 1/- each.

This development highlights the dynamic nature of promoter holdings in listed companies and underscores the importance of timely disclosures in maintaining market transparency.

Historical Stock Returns for Sigachi Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-4.08%-9.48%-22.20%-17.95%-44.70%-42.26%
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Sigachi Industries Reports INR121 Crore Loss from Hyderabad Plant Fire, Expects Limited Impact on Bottom Line

2 min read     Updated on 01 Aug 2025, 04:11 PM
scanxBy ScanX News Team
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Overview

Sigachi Industries reported a INR121.01 crore loss due to a fire at its Pashamylaram unit. The incident damaged plant, machinery, and stock, affecting 29% of total capacity. Insurance claims of INR90 crores have been filed, with additional coverage for business interruption. The unit is expected to be non-operational for 180 days, impacting revenue by INR60 crores. Q1 FY2026 results show increased operating income but a net loss. The company is proceeding with growth initiatives including R&D center launch and new facility developments. Compensation has been provided to affected employees' families.

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*this image is generated using AI for illustrative purposes only.

Sigachi Industries Limited , a leading manufacturer of Microcrystalline Cellulose (MCC), has reported a significant setback following a fire incident at its Pashamylaram unit in Hyderabad. The incident, which occurred on June 30, 2025, has resulted in a substantial financial impact and temporary disruption of operations.

Financial Impact and Insurance Coverage

The company has reported a total loss of INR121.01 crores due to the incident, including:

Category Amount (INR Crores)
Plant and machinery damage 51.48
Stock loss 7.66
Estimated compensation 59.35
GST reversal 2.52
Total 121.01

Sigachi has filed an insurance claim for approximately INR90.00 crores to cover the losses. Additionally, the company has a business interruption policy that covers operating profits up to INR25.00 crores for 12 months.

Operational Impact and Recovery Plans

The affected Pashamylaram unit, which contributed 29% of Sigachi's total installed capacity (6,400 metric tons out of 24,000 metric tons annually), is expected to remain shut for approximately 180 days. The company estimates a revenue impact of INR60.00 crores over the next six months, with production being reallocated to its Dahej and Jhagadia units.

Despite the setback, Sigachi's management remains optimistic about minimizing the impact on the bottom line, citing insurance coverage for loss of profits. CFO O. Subbarami Reddy stated, "We hope it may be around INR550.00 crores to INR575.00 crores in revenue for the year."

Q1 FY2026 Performance

For the first quarter of FY2026, Sigachi posted:

  • Operating income of INR128.00 crores (up from INR95.00 crores in Q1 FY2025)
  • EBITDA of INR24.00 crores with a margin of 18.79%
  • Net loss of INR101.00 crores (compared to INR13.00 crores profit in Q1 FY2025)

The MCC segment contributed INR103.00 crores to the revenue, while O&M and API segments recorded INR13.00 crores and INR9.00 crores, respectively.

Future Outlook and Strategic Initiatives

Despite the challenges, Sigachi Industries is moving forward with its growth initiatives:

  1. The R&D center in Hyderabad is set to commence operations from July 28, 2025.
  2. Commercialization steps for the CCS facility at Dahej are progressing.
  3. The Trimax unit at Raichur, Karnataka, is scaling up with a focus on regulatory compliance.
  4. The company has secured terms of reference for an upcoming bulk drug and specialty chemical unit in Orvakal, Andhra Pradesh.

Amit Raj Sinha, Managing Director and CEO, emphasized, "Our strategic focus remains unchanged, deepening core capabilities, expanding into high-growth areas, strengthening operational resilience, and driving long-term stakeholder value."

Compensation and Support for Affected Families

Sigachi has initiated compensation payments, including:

  • INR10.00 lakhs each to the families of 46 deceased employees
  • INR15.00 lakhs to the families of 8 unaccounted team members
  • INR1.00 lakh each to 25 injured employees

The company is also covering all medical expenses for those affected.

As Sigachi Industries works to recover from this setback, the company remains committed to maintaining safety standards and ensuring business continuity. The management's proactive approach in addressing the incident and its financial implications demonstrates resilience in the face of adversity.

Historical Stock Returns for Sigachi Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-4.08%-9.48%-22.20%-17.95%-44.70%-42.26%
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