Sigachi Industries shareholders approve key special resolutions

Sigachi Industries Limited has released its revised postal ballot voting results for resolutions considered on October 18, 2025, with all four special resolutions passing with overwhelming support. Resolution 1, concerning the deviation/variation in the objects of the initial public issue, was approved by 99.9748% of polled votes. A total of 132,888,449 votes were cast in favor, with only 33,515 votes against.

Resolution 2, to approve the overall limits under Section 186 for loans, guarantees, securities, and investments by the company, also passed with 97.2721% of polled votes in favor. Resolution 3, increasing the borrowing limits by the Board of Directors under Section 180(1)(c) of the Companies Act, 2013, received 97.3161% approval. Finally, Resolution 4, seeking approval under Section 180(1)(a) for the creation of mortgage or charge on assets, properties, or undertakings, was passed with 97.3132% of votes in favor.

The postal ballot closed on November 21, 2025, and the results were declared on November 27, 2025. These approvals enable Sigachi Industries to proceed with its strategic financial and operational plans as outlined in the postal ballot notice.