Sigachi Industries , a leading manufacturer of pharmaceutical excipients and active pharmaceutical ingredients (APIs), has announced its financial results for the second quarter, revealing the impact of a significant fire incident at its Hyderabad plant earlier this year.

Financial Performance

For Q2, Sigachi reported:

The company's performance was significantly affected by the fire incident at its Pashamylaram unit in Hyderabad on June 30.

Fire Incident and Recovery Efforts

The fire at the Hyderabad plant resulted in 46 casualties, 8 unaccounted team members, and 28 injured employees. The incident caused substantial damage to property, plant, equipment, and inventories, with losses totaling ₹1,163.50 crore, accounted for under exceptional items.

In response, Sigachi Industries has:

1. Temporarily paused operations at the affected plant for an estimated 180 days.
2. Reallocated production to Dahej and Jhagadia units to maintain business continuity.
3. Fast-tracked a 12,000 MTPA capacity expansion at Dahej SEZ.
4. Made its Hyderabad API R&D center fully operational.

Management Commentary

Amit Raj Sinha, MD & CEO of Sigachi Industries, stated, "Q2 has been a period of careful rebuilding and steady progress for Sigachi. Our teams have demonstrated dedication and care in maintaining seamless operations and supporting our customers. These efforts have reinforced our commitment to resilience, trust, and sustainable growth as we move into the second half of the year."

Future Outlook

Despite the challenges, Sigachi Industries expects a strong second half, driven by:

• Higher capacity utilization
• Portfolio rebalancing
• Completion of the 12,000 MTPA capacity expansion at Dahej SEZ, which will elevate total MCC capacity to 30,000 MTPA

The company is focusing on prioritizing high-margin, demand-resilient products while deprioritizing low-throughput SKUs to ensure efficient resource use during recovery.

ESG Initiatives

Sigachi Industries continues to prioritize Environmental, Social, and Governance (ESG) initiatives:

• 74.47% of total waste generated was sustainably managed in Q2
• 80.64% of total water withdrawn was recycled post-operational use
• Recognized as "Best workplaces for Millennials" by GPTW Institute
• Over 12,600+ lives touched in India through CSR initiatives

As Sigachi Industries navigates through this challenging period, the company remains committed to operational excellence, safety improvements, and sustainable growth strategies.

Note: The company has submitted initial insurance claims, but no income from insurance claims has been accounted for in these financial results pending final claim submission.

Sigachi Industries has announced several significant financial and operational decisions following a board meeting held on October 18, 2025. The board's approvals, subject to shareholder consent, encompass crucial areas of the company's financial operations and governance.

Key Decisions Approved

The board of directors has given their nod to the following measures:

Additional Approvals and Meeting Details

• The board has also approved a postal ballot notice, which will be communicated separately.
• The meeting was conducted via video conference, lasting from 10:00 AM to 10:55 AM.

Upcoming Earnings Call

In a separate announcement, Sigachi Industries has scheduled an earnings call to discuss its Q2 FY 2025-26 unaudited financial results. The call is set for October 24, 2025, at 4:30 PM IST. Key management representatives, including the Managing Director & CEO, Chief Financial Officer, and Company Secretary & Compliance Officer, will be present during the call.

These decisions and the upcoming earnings call signify Sigachi Industries' commitment to transparent communication with its shareholders and the market. The approvals, once ratified by shareholders, could potentially impact the company's financial flexibility and strategic direction.

Investors and stakeholders are advised to closely monitor further communications from the company regarding the postal ballot and the upcoming earnings call for more detailed insights into Sigachi Industries' financial performance and future plans.