Shares of Sigachi Industries are likely to move on Monday after the company disclosed a major leadership change tied to a fire investigation.
Regulatory filing reveals CEO remand
Sigachi Industries told the stock exchanges that its Managing Director and CEO, Amit Raj Sinha, was remanded on Dec 27, 2025. The court action is linked to an ongoing investigation of a fire that broke out at the company’s Hyderabad plant on June 30, 2025.
Company’s response and interim leadership
The firm said it has put measures in place to keep daily operations running smoothly. Deputy Group CEO Lijo Stephen Chacko has been appointed to oversee the business while the probe continues.
Background of the June fire
The blaze at the Pashamylaram unit killed 40 workers and injured 33 others. Sigachi Industries announced an ex‑gratia payment of Rs 1 crore to each family of the deceased.
Share price reaction
On Friday, the stock closed slightly lower on the BSE, finishing at Rs 33.96.
What investors might consider
- The investigation could affect the company’s reputation and future regulatory scrutiny.
- Leadership change may create short‑term uncertainty but the firm says operations remain uninterrupted.
- Monitor any further news from the courts or regulators for potential impact on the stock.
Remember, this is just an overview, not a prediction. Do your own research and consider your risk tolerance before making any decisions.