Amit Raj Sinha has Submitted to the Exchange a copy of Disclosure under Regulation 31(1) and 31(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
SIGACHI · price
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Amit Raj Sinha, a promoter of Sigachi Industries, has disclosed that 10,00,000 (10 lakh) of his pledged shares were invoked by KNAB Finance Advisors Pvt Ltd on 1 August 2025. The invoked shares represent 0.26% of the company's total share capital. As a result, the promoter's holding in Sigachi Industries has come down from 6.15% (2,35,10,022 shares) to about 5.90% (2,25,10,022 shares). The reason cited for the original encumbrance was equity participation by the promoter.
Pledge invocation is typically a negative signal for retail investors, as it indicates the promoter could not meet loan obligations and has effectively lost part of his holding to the lender. This may weigh on short-term sentiment around the stock.