The Telangana High Court has granted bail to Amit Raj Sinha, Managing Director and CEO of Sigachi Industries Limited, in connection with legal proceedings arising from an unfortunate incident that occurred in June 2025. The company announced this development through an official press release dated February 04, 2026, filed under Regulation 30 with stock exchanges.

Legal Proceedings and Court Decision

The bail approval comes after legal proceedings initiated following the June 2025 incident at the pharmaceutical excipients manufacturer's operations. The Hon'ble High Court of Telangana's decision allows the company's top executive to continue his duties while the judicial process progresses.

Company's Response and Commitments

Sigachi Industries has expressed its deepest condolences and solidarity with the families of the deceased and those who were injured in the tragic incident. The company acknowledged that this has been a period of deep sorrow and strain for everyone affected, particularly the families who lost their loved ones and those continuing to recover from injuries.

The pharmaceutical company has reiterated its commitment to extending full cooperation to investigating authorities and the judicial process to ensure fair and transparent proceedings. In addition to fulfilling responsibilities toward those affected, Sigachi Industries remains dedicated to strengthening safety systems and practices across operations.

Safety Measures and Stakeholder Communication

The company has pledged to enhance safety protocols to ensure the ongoing well-being of its workforce and community. These strengthened safety measures represent a proactive approach to addressing concerns and maintaining operational standards during this challenging period.

Sigachi Industries has thanked its employees, partners, and other stakeholders for their continued patience, understanding, and trust during this difficult time. The press release was signed by Vivek Kumar, Company Secretary & Compliance Officer, and filed with both BSE (Scrip Code: 543389) and NSE (Symbol: SIGACHI).

Sigachi Industries has received a disclosure from its promoter RPS Industries Private Limited regarding the creation of a new encumbrance on equity shares. On 02.02.2026, RPS Industries submitted disclosures under Regulation 31(2) and 31(3) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for the creation of pledge on 25,00,000 equity shares.

New Pledge Creation Details

The disclosure reveals that RPS Industries Private Limited has pledged 25,00,000 shares representing 0.65% of Sigachi Industries' total share capital in favor of Cholamandalam Investment and Finance Ltd on 29.01.2026.

Updated Shareholding Position

Following the new pledge creation, RPS Industries Private Limited's shareholding structure in Sigachi Industries has been updated:

Regulatory Compliance

The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited on 02.02.2026. RPS Industries Private Limited, through Director Swati Sinha (DIN: 08097594), digitally signed and submitted the required documentation maintaining compliance with SEBI regulations. The new pledge represents an increase in the encumbered shareholding of the promoter entity, raising the pledged portion from 9.51% to 10.16% of Sigachi Industries' total share capital while maintaining overall shareholding of 14.74%.