Sigachi Industries Limited has informed the Exchange regarding a press release dated July 04, 2025, titled "Update on Fire Accident at Sigachi Industries Ltd s Pashamylaram Facility, Telangana".
SIGACHI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sigachi Industries has provided an update on the fire accident at its Pashamylaram plant in Telangana. Of the 33 injured employees, 12 have been discharged and given ₹1 lakh each as interim relief. The company has revised the death toll down from 40 to 39. The company has committed to full medical and rehabilitation support for those affected and is providing around-the-clock assistance to the families. A formal investigation is being led by the Chief Secretary to the Government of Telangana, with preliminary findings expected within 7 days. Sigachi has stated the accident was not caused by a reactor explosion, and is refraining from further comments until the investigation concludes.
This is a serious safety incident that could weigh on the stock in the short term due to likely production disruption, potential regulatory penalties, compensation costs, and reputational damage. The downward revision of the death toll and government-led investigation may shape the company's near-term liability and operational outlook.