Sigachi Industries Limited — Others, 13-08-2025: Disclosure under SEBI Takeover Regulations

RPS Industries Private Limited, a promoter of Sigachi Industries Limited, has reported the invocation of 39.50 lakh pledged equity shares. Comfort Fincap Limited invoked 16 lakh shares, and Jio Finance Services Limited invoked 23.50 lakh shares. This means the lenders have taken control of these shares, typically due to a loan default by the promoter. Consequently, the promoter's previously encumbered holding has reduced from 7.26 crore shares to 6.865 crore shares. This event signals a decrease in the promoter's effective stake and could potentially increase the free float in the market, which is an important development for shareholders.