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Sigachi CEO Remanded in Probe Into Hyderabad Plant Fire; Deputy Group CEO Steps In

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Sigachi CEO Remanded in Probe Into Hyderabad Plant Fire; Deputy Group CEO Steps In

Meet Samuel – Your Personal Investing Prophet

Sigachi Industries Limited ( (IN:SIGACHI) ) has issued an announcement.

Sigachi Industries Limited has disclosed that its Managing Director and CEO, Amit Raj Sinha, was remanded on 27 December 2025 in connection with an ongoing investigation into a fire incident that occurred on 30 June 2025 at the company’s Hyderabad unit in Pashamylaram. The company stated that it has implemented necessary measures to maintain continuity of operations and day-to-day activities, with Deputy Group CEO Lijo Stephen Chacko temporarily overseeing the company’s operations, signaling an effort to stabilize management and reassure stakeholders amid the investigation.

More about Sigachi Industries Limited

Sigachi Industries Limited operates in the manufacturing sector and runs an industrial unit in Hyderabad’s Pashamylaram area. The company is listed on both the BSE and NSE under the scrip code 543389 and symbol SIGACHI, respectively.

Average Trading Volume: 390,739

Technical Sentiment Signal: Sell

Current Market Cap: 12.98B INR

See more data about SIGACHI stock on TipRanks’ Stock Analysis page.

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