Sigachi Industries Posts Strong Quarter Results; Forfeits Over 35 Million Warrants
Sigachi Industries Limited reported its Unaudited Financial Results for the quarter ending June 30, 2026, showing healthy revenue growth and profitable performance across both standalone and consolidated entities. The results were approved by the company's Board of Directors on August 13, 2026.The company also announced the lapse and forfeiture of 35,057,990 convertible warrants, amounting to Rs 22,87,53,813. Furthermore, the board recommended the re-appointment of two key directors for their second terms.
Q2 FY26 Financial Performance Highlights (Unaudited)
The financial statements reveal robust operational performance across segments and entities. The Unaudited Standalone Profit and Loss Account highlights strong income generation, while the Consolidated statement shows amplified revenue from operations driven by subsidiary contributions.Key metrics for the quarter ending June 30, 2026:
| Metric | Standalone (Rs in Lakhs) | Consolidated (Rs in Lakhs) |
|---|---|---|
| Revenue from Operations | 9,827.58 | 12,127.38 |
| Total Income | 9,871.92 | 12,227.67 |
| Profit for the Period | 650.67 | 814.47 |
| Earnings per Share (Basic) | 0.17 | 0.18 |
Operational Segments Overview (Standalone)
The standalone business is primarily segmented into Pharmaceuticals and Operational and Management divisions, which collectively accounted for the total revenue of 9,827.58 Lakhs.| Segment Particulars | Revenue (Rs in Lakhs) | Profit Before Tax (Rs in Lakhs) |
|---|---|---|
| Pharmaceuticals | 8,521.61 | 769.35 |
| Operational and Management | 1,305.97 | 228.61 |
Warrants Forfeiture Details
The Board meeting approved the lapse and forfeiture of convertible warrants that had not been exercised within their stipulated 18-month period. The total number of warrants forfeited is 35,057,990, with an amount corresponding to 22,87,53,813.The details of the warrant holders whose securities were forfeited are provided below:
| Warrant Holder Name | Number of Warrants Allotted/Lapsed | Amount Forfeited (Rs) |
|---|---|---|
| Swati Sinha | 90,00,000 | 5,87,25,000 |
| Amit Raj Sinha (HUF) | 1,00,00,000 | 6,52,50,000 |
| Karan Raj Sinha | 50,00,000 | 3,26,25,000 |
| Saloni Sinha | 50,00,000 | 3,26,25,000 |
| Tano Investments Opportunities Fund | 58,30,000 | 3,80,40,750 |
| Kamma Sesha Sai Chaitanya | 1,37,300 | 8,96,031 |
| Bharathi Yeguvandla | 30,020 | 1,96,045 |
| Raghu Vemulapalli | 60,670 | 3,95,987 |
Corporate Governance and Key Appointments
The Board of Directors utilized the meeting to approve key personnel decisions regarding independent directors.Re-appointment of Independent Directors:
- Ms. Dhanalakshmi Guntaka (DIN: 09363100) was approved for re-appointment as an Independent Director for a five-year term, effective from October 17, 2026. Ms. Guntaka is described as holding a Master's and bachelor's degree in Commerce and being a fellow member of the Institute of Chartered Accountants of India.
- Mr. Janardhana Reddy Yeddula (DIN: 03207357) was recommended for re-appointment as an Independent Director for a five-year term, effective from November 30, 2026. Mr. Yeddula is noted to have established a proven track record in finance leadership with over 40 years of experience across various industry segments including Formulations and Fertilizers.
IPO Proceeds Utilization Update
The company provided details on the utilization of net IPO proceeds toward its specified expansion projects. The total amount targeted for funding was Rs 8,969.82 Lakhs, with an unutilized balance of Rs 3,229.87 Lakhs.| Project Description | Amount to be Funded (Rs in Lakhs) | Amount Incurred till 30/06/2026 (Rs in Lakhs) | Un Utilized Amount (Rs in Lakhs) |
|---|---|---|---|
| Expansion of production capacity for MCC at existing facility at Dahei, Gujarat | 2,815.82 | Fully Utilised | By Q4 of FY |
| Expansion of production capacity for MCC at existing facility at Jhagadia, Gujarat / CCS project at Dahej, Gujarat | 3,229.87 | - | 3,229.87 |
SIGACHI Stock Price Movement
Sigachi Industries Limited shares gained substantially today, closing at ₹27.77 after rallying by 4.98% in a strong session. The stock movement was backed by significant market activity, with nearly 2.22 million shares traded during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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