Sigachi Industries Limited — Board Meeting, 25-07-2025: Outcome of Board Meeting

Sigachi Industries' board meeting on July 25, 2025, approved the financial results for the quarter ended June 30, 2025. Consolidated revenue hit ₹128.25 Cr, but the company posted a net loss of ₹100.35 Cr. This significant loss was largely due to a ₹121.01 Cr exceptional item from a recent fire at its Hyderabad plant, which tragically resulted in casualties, injuries, and asset damage, pausing operations for ~180 days. Insurance claims are pending.

Regarding funding, ₹32.30 Cr from IPO proceeds for a CCS project remain unused. From a preferential issue, ₹217.82 Cr was received, but ₹68.64 Cr was not collected from investors within the deadline. Funds were deployed for API manufacturing, facility upgrades, and working capital.