Sigachi Industries Limited — Others, 13-08-2025: Monitoring Agency Report

Sigachi Industries received a monitoring report on its Rs. 286.45 Cr convertible share warrants. It highlighted that Rs. 68.63 Cr from warrant holders and Rs. 56.77 Cr from promoters (out of Rs. 135.72 Cr envisaged) were not infused. This shortfall, combined with a recent fire incident at the Hyderabad facility, is expected to adversely impact the company's planned capital expenditure and expansion initiatives, potentially causing delays. While other funds were utilized as per the original objectives, Rs. 19.91 Cr remains unutilized, currently deployed in inter-corporate deposits and fixed deposits.