Stocks in Focus: Pharma company Sigachi Industries Limited gave important information to the stock exchange on Sunday. The company said that its Managing Director and CEO Amit Raj Sinha has been detained. This action is related to the investigation of the fire that broke out in the manufacturing unit located in Hyderabad.
Case related to the fire of June 2025
According to the regulatory filing dated December 28, 2025, this development is related to the fire that broke out on June 30, 2025 at the company’s unit located at Pashamylaram, near Hyderabad. The investigating agencies have taken Amit Raj Sinha on remand on 27 December 2025.
No information on the cause of the fire
Following a fire at the Pashmylram unit earlier this year, an official investigation was launched into the cause of the incident.
However, the company has so far neither explained the reason for the fire nor disclosed any findings of the investigation. At present this matter is under investigation with the concerned agencies.
Operations continue, interim arrangements implemented
Sigachi Industries has said that the company has taken all necessary steps to run its day-to-day functioning and operations smoothly. According to the company, Deputy Group CEO Lijo Stephen Chacko has been given the responsibility of operations in the interim.
Impact on business and future
Sigachi Industries has not clarified whether the fire incident or the ongoing investigation has had any impact on the company’s production, financial performance or future operations. Apart from this, no timeline for completion of the investigation has also been shared.
What does Sigachi Industries do?
Sigachi Industries of the pharma sector runs its manufacturing units across the country. The company produces microcrystalline cellulose and other excipients. These are supplied to pharmaceutical and food companies around the world including India.
Shares of Sigachi Industries
The stock of Sigachi Industries had closed flat at Rs 34.05 on Friday. This stock has fallen 10.84% in the last 1 month. At the same time, the stock has fallen by 31.89% in the last one year. It has given negative returns of about 40% since listing in FY 2021. The market cap of Sigachi is Rs 1.30 thousand crore.