Jan 27, 2022 03:59 PM
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Sigachi Industries Limited was originally incorporated as Sigachi Chloro-Chemicals Private Limited on 11 January 1989. With an intention to diversify the business activities, pursuant to a special resolution of the Shareholders passed in an extra-ordinary general meeting dated 10 March 2012, the name of the Company was changed to Sigachi Industries Private Limited on 29 March 2012.Subsequently, pursuant to a special resolution of the Shareholders passed in an extra-ordinary general meeting dated 21 November 2019, the Company was converted from a private limited company to a public limited company and consequently the name of the Company was changed to Sigachi Industries Limited on 19 December 2019. The company is engaged in manufacturing of Micro Crystalline Cellulose Powder(MCCP).Sigachi is an industry leader in the field of Pharma Excipients, Nutra and food ingredients.The company has three Multilocational Facilities in Telangana and Gujarat with an aggregate installed capacity of 12000 MTPA. During the FY2017,the company has allotted 73000 equity shares of Rs 10 each at a premium of Rs 49 per share on private placement. The company has incorporated a wholly owned subsidiary,namely Sigachi US,Inc on 20 January 2017.The company had invested USD 20000 towards share capital. During the FY2020,the company has allotted 4609500 equity shares of Rs 10 each as bonus shares to the existing shareholders in the ratio of 3:2. During the month of November 2021,the company came out with an Rs 125.43-crore public issue comprises 7695000 fresh issue of shares and these IPO shares were allotted at a price of Rs 163 per share,including premium of Rs 153 per share.The allotted shares were listed on the BSE Ltd and National Stock Exchange of India Ltd(NSE) on 15 November 2021.
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|Face Value Equity Shares||:||10|
|Market Lot Equity Shares||:||1|
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