Sigachi AGM: dividend rejected, 7 of 8 resolutions passed
SIGACHI · price
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At Sigachi Industries 37th AGM held on Sep 29, 2026 via video conferencing, 7 of 8 resolutions were approved. The proposal to declare a 10 percent dividend (Re 0.10 per equity share) for FY26 was rejected, with 99.66 percent votes against it, because the promoter group voted entirely against the dividend. Other resolutions, including adoption of audited accounts, reappointment of a rotating director and two independent directors, ratification of cost auditor remuneration, a related party transaction with subsidiary Trimax Bio Sciences, and variation in IPO objects, were all passed.
Dividend payout of Re 0.10 per share is cancelled, an unusual outcome signalling promoter dissent on the dividend. No material governance change.