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What is the story about?
Sigachi Industries Limited on Sunday informed stock exchanges that its Managing Director and Chief Executive Officer, Amit Raj Sinha, had been remanded in connection with an ongoing investigation into a fire incident at the company’s Hyderabad manufacturing unit.
In a regulatory filing dated December 28, 2025, the company said the development relates to a fire that occurred on June 30, 2025, at its unit located at Pashamylaram, near Hyderabad. The filing stated that Sinha was remanded on December 27, 2025, as part of the investigation being conducted by authorities.
The fire had broken out at the Pashamylaram facility earlier this year, prompting an official probe into the circumstances surrounding the incident. While the company has not disclosed details regarding the cause of the fire or the findings of the investigation so far, the matter continues to be examined by the relevant agencies.
Sigachi Industries said it has taken all necessary steps to ensure continuity of operations and day-to-day business activities. Lijo Stephen Chacko, Deputy Group CEO, has been entrusted with overseeing operations on an interim basis, the company said.
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The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which requires listed entities to promptly inform exchanges of material developments.
The company did not comment on whether the fire incident or the ongoing investigation has had any impact on production, financial performance, or future operations, and did not provide a timeline for the conclusion of the probe.
Sigachi Industries operates manufacturing facilities across India and supplies microcrystalline cellulose and other excipients to pharmaceutical and food companies globally.
In a regulatory filing dated December 28, 2025, the company said the development relates to a fire that occurred on June 30, 2025, at its unit located at Pashamylaram, near Hyderabad. The filing stated that Sinha was remanded on December 27, 2025, as part of the investigation being conducted by authorities.
The fire had broken out at the Pashamylaram facility earlier this year, prompting an official probe into the circumstances surrounding the incident. While the company has not disclosed details regarding the cause of the fire or the findings of the investigation so far, the matter continues to be examined by the relevant agencies.
Sigachi Industries said it has taken all necessary steps to ensure continuity of operations and day-to-day business activities. Lijo Stephen Chacko, Deputy Group CEO, has been entrusted with overseeing operations on an interim basis, the company said.
Also Read: A stock which tripled on listing day is set for best returns since its debut week
The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which requires listed entities to promptly inform exchanges of material developments.
The company did not comment on whether the fire incident or the ongoing investigation has had any impact on production, financial performance, or future operations, and did not provide a timeline for the conclusion of the probe.
Sigachi Industries operates manufacturing facilities across India and supplies microcrystalline cellulose and other excipients to pharmaceutical and food companies globally.
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