SIGACHISigachi Industries Ltd.
Sigachi Industries appoints two directors, subject to member approval
- Management change
- Pharmaceuticals
Reviewed byRachit TripathiBlacklitt Research
Sigachi Industries (NSE: SIGACHI) has approved the appointment of two directors, Awanindra Kumar Singh as Additional Whole-Time Director and Sridhara Narasimha Sastry as Additional Independent Director, it said in a filing on 31 Oct 2026. Both terms are two years from 31 Oct 2026 and are subject to approval by members.
The two appointments
Awanindra Kumar Singh is appointed as Additional Whole-Time Director (Professional, Executive) for two consecutive years. The Nomination and Remuneration Committee and the board recommended the appointment, which takes effect on 31 Oct 2026 if members approve it. The company describes the post as Additional Whole-Time Director, not as Executive Director.
Sridhara Narasimha Sastry is appointed as Additional Independent Director (Non-Executive) for a first term of two consecutive years, on the same recommendation and timing. Neither appointee is related to any director of the company, and neither is debarred from serving as a director by any SEBI order or other authority.
The board also approved a postal ballot notice covering both items.
Background of the appointees
The filing gives Awanindra Kumar Singh more than 35 years in pharmaceutical manufacturing, operations and process improvement, with an M.Sc. in Organic Chemistry and a Masters in Chemical Engineering. Sridhara Narasimha Sastry is described as having over 39 years in chemical operations, process safety, sustainability and corporate governance. Both most recently served as President & Unit Head (P&L) at Grasim Industries Limited, part of the Aditya Birla Group.
Sigachi Industries reported standalone and consolidated results for the quarter ended 30 Sep 2026 in the same filing. Its latest reported quarter, Q1 FY27, showed consolidated total income of ₹122.28 crore, down 7.5% year on year, and net profit of ₹8.14 crore.
What the appointments mean for Sigachi Industries' shareholders
The appointments add two directors to the board once members approve them, and the filing does not describe any change to the company's operations. The filing does not say whether Awanindra Kumar Singh's role replaces or adds to an existing officer, what remuneration either appointee will receive, or whether either holds shares in the company.
The next dated step is the members' approval through the postal ballot, for which the filing gives no date.
At a glance
| Item | Detail |
|---|---|
| Awanindra Kumar Singh | Additional Whole-Time Director (Professional, Executive), two years from 31 Oct 2026, DIN 07123593 |
| Sridhara Narasimha Sastry | Additional Independent Director (Non-Executive), first term of two years from 31 Oct 2026, DIN 12027485 |
| Board approval | 31 Oct 2026, on Nomination and Remuneration Committee recommendation |
| Condition | Approval of members, by postal ballot |
Filed with NSE on . Reference: Original filing (PDF)
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