Announced Wed, 13 May · 18:25 IST

Announcement regarding Change in Directorate under Reg 30 of SEBI(LODR) Regulations, 2015.

Auditor Mid Year ChangeRelated Party TransactionsResults View source PDF

SICAGEN · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+0.3%1-day move

₹54.00

prior close

₹54.95

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.3+1.5+1.3-0.3+0.3-2.1-4.6-3.1-2.1+2.8+3.3+0.3-4.0—

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AI summary

Sicagen India Ltd's Board approved audited financial results for Q4 and FY2026 ending March 31, 2026, with auditors issuing an unmodified (clean) opinion. The company recommended a 10% equity dividend (Rs. 1 per share) for FY2025-26, pending shareholder approval at the 22nd AGM. In director changes, Mr. Prasanna Joshi (currently VP - Building Material Division with 13 years at the company) was appointed as Additional Director and Whole-time Director for 3 years from May 14, 2026, succeeding Mr. Nandakumar Varma who resigned effective May 13, 2026 citing personal reasons with no material disagreements. The company also changed its Internal Auditor to M/s. Venkatesh & Co. for FY2026-27.

Likely market impact

The resignation of a Whole-time Director is a management change but appears routine given the immediate internal succession with an experienced executive. The clean audit opinion and dividend recommendation are positive signals for shareholders, indicating no financial or governance concerns.