Sigachi Industries Limited has informed the Exchange about General Updates
SIGACHI · price
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Awaiting price reaction for this filing.
A fire broke out at Sigachi Industries' Hyderabad manufacturing facility in Pashamylaram, Telangana on June 30, 2025, at around 9:20 AM. The incident unfortunately caused loss of human life and injuries, along with damage to ancillary equipment and civil structures. Operations at the Hyderabad plant will be paused for an estimated 90 days to allow for repairs and restoration. The Hyderabad unit contributes around 6,000 MTPA out of the company's total Microcrystalline Cellulose (MCC) capacity of 21,700 MTPA, meaning roughly 28% of production capacity will be affected. The company's other two plants in Gujarat continue to operate normally and will try to ramp up output to partially offset the disruption. The Hyderabad facility is fully insured, and the company has begun filing claims, though the exact quantum of loss is still being assessed.
This is a negative event for shareholders in the short term due to the tragic loss of life, partial production disruption (about 28% of MCC capacity offline for around 3 months), and pending insurance claim assessments. However, the fact that the plant is fully insured, the other two facilities remain operational, and management is working to restore output may limit the longer-term damage to the stock price.