Sigachi Industries Limited — Updates, 02-07-2025: Press Release

Sigachi Industries has announced a board meeting on the fire incident at its Telangana facility that caused 40 fatalities and over 33 injuries. The plant will remain shut for around 90 days, impacting operations. The company has committed INR 1-Crore ex-gratia compensation to families of the deceased and full medical support for the injured. Investigation continues, with no reactor explosion involved. Operational disruption is likely to affect near-term revenues and supply chain stability.