Sigachi board approves increased borrowing, investment limits

Sigachi Industries Limited’s board of directors, at a meeting held on Saturday, October 18, 2025, approved several strategic financial measures. The board sanctioned increased borrowing limits for the company under Section 180(1)(c) of the Companies Act, 2013, pending shareholder approval. Additionally, the creation of mortgage or charge on the company's assets, properties, or undertakings under Section 180(1)(a) of the same act was approved, also subject to shareholder endorsement.

Further significant approvals include a rise in overall limits for loans, guarantees, securities, and investments under Section 186 of the Companies Act, requiring shareholder consent. The board also addressed a deviation/variation in the object clause of the initial public issue as stated in the company's prospectus, which will also be subject to shareholder approval.

The meeting also saw the approval of a Postal Ballot Notice, to be communicated separately. These decisions are set to be presented to shareholders for their final approval.