Sigachi Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 23, 2025
SIGACHI · price
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Sigachi Industries held its 36th Annual General Meeting on September 23, 2025, via video conferencing, lasting 30 minutes (11:00 a.m. to 11:30 a.m.) with 64 members in attendance. All 8 directors and KMPs, including the Executive Chairman, Managing Director & CEO, CFO, and Company Secretary, were present. Key business items included adoption of the audited standalone and consolidated financial statements for FY25, declaration of a 10% dividend (Re. 0.10 per equity share of Re. 1 face value), and re-appointment of Executive Chairman Mr. Rabindra Prasad Sinha, who retires by rotation. The meeting also approved the appointment of M/s. Aakanksha Dubey & Co. as Secretarial Auditors for up to 5 years, ratification of the Cost Auditor's remuneration for FY 2025-26, and material related party transactions with subsidiary Trimax Bio Sciences Private Limited, including a one-time investment and conversion of loans/advances into equity. Voting results from remote e-voting and e-voting at the AGM will be disclosed in due course.
The 10% dividend declaration is a modest positive for shareholders. Approval of material related party transactions and equity infusion into the subsidiary Trimax Bio Sciences signals continued strategic investment in the subsidiary, which could support growth but warrants investor attention to the terms. The smooth and short 30-minute AGM with full director attendance suggests routine governance with no contentious issues raised.