Sigachi Industries Ltd. (SIL) is one of the largest manufacturers of Microcrystalline Cellulose worldwide and has three Multi locational Facilities in Telangana and Gujarat.
Sigachi Industries' board approved increasing authorized capital to ₹60 Cr & issuing 11 Cr convertible warrants at ₹26.40 each via preferential allotment. A change in IPO object clause was also approved. All decisions await shareholder nod. New internal auditors were appointed.