The High Court has granted bail approval for Amit Raj Sinha, Managing Director and CEO of Sigachi Industries Ltd., who was involved in legal proceedings. This judicial decision marks a significant development in the ongoing legal matter concerning the pharmaceutical company's leadership.

Legal Proceedings Update

The High Court's decision to approve bail for the company's top executive comes amid unspecified legal issues that had resulted in his detention. The bail approval allows Sinha to continue his duties while the legal proceedings progress through the judicial system.

Company Response and Safety Commitments

In response to recent events, Sigachi Industries has issued statements expressing condolences, though the specific context of these condolences was not detailed in the available information. The company has also made public commitments to enhance its safety measures across operations.

The pharmaceutical excipients manufacturer has pledged to strengthen safety protocols, indicating the company's focus on maintaining operational standards and regulatory compliance during this challenging period. These enhanced safety measures represent the company's proactive approach to addressing concerns and ensuring workplace safety.

Corporate Leadership Continuity

With the bail approval, the company's leadership structure remains intact, allowing for continued operational oversight. The development provides clarity for stakeholders regarding the immediate availability of key management personnel to guide the company through its current challenges.

The situation highlights the importance of corporate governance and legal compliance in the pharmaceutical sector, where regulatory standards and safety protocols are paramount to business operations.

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%.