Sigachi Industries

Adds share levels in paragraph 4

Feb 4 (Reuters) - Sigachi Industries SIGC.NS Chief Executive Amit Raj Sinha was granted bail by the Telangana High Court in connection with a case linked to a deadly factory fire last year, the company said on Wednesday.

Sinha was remanded in late-December as a part of an investigation into the fire at Sigachi's chemical unit that killed 40 people.

"We continue to extend our full cooperation to the investigating authorities and the judicial process to ensure that the matter is addressed in a fair and transparent manner," the company said.

Shares of the company jumped as much as 20% on the day. They were last trading 15% higher and were set for their best day since September.

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Harikrishnan Nair)

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** Shares of Sigachi Industries SIGC.NS sink 5.5% to 32.07 rupees

** Drug ingredients producer says CEO Amit Raj Sinha was remanded on Dec 27 in relation to an ongoing probe into its June 30 factory fire

** SIGC fell as much as 10.2% earlier in the session

** Stock down 42% since June 30; YTD, SIGC shares down nearly 36%

(Reporting by Nandan Mandayam in Bengaluru)

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Dec 26 (Reuters) - Sigachi Industries Ltd SIGC.NS:

• TO CONSIDER RAISING FUNDS

Source text: ID:nBSEbcfXrV

Further company coverage: SIGC.NS

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July 4 (Reuters) - Sigachi Industries Ltd SIGC.NS:

• SIGACHI INDUSTRIES LTD - 12 INJURED DISCHARGED

• SIGACHI INDUSTRIES LTD - CONFIRMS 39 DECEASED, CORRECTS EARLIER REPORT OF 40

• SIGACHI INDUSTRIES LTD - PRELIMINARY INVESTIGATION FINDINGS EXPECTED WITHIN 7 DAYS

• SIGACHI INDUSTRIES LTD - STATES ACCIDENT NOT CAUSED BY REACTOR EXPLOSION

Source text: ID:nBSEb29rl0

Further company coverage: SIGC.NS

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July 2 (Reuters) - India's Sigachi Industries SIGC.NS said on Wednesday that the factory fire at its Telangana plant on Monday has caused deaths of 40 people and left over 33 individuals injured.

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Mrigank Dhaniwala)

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June 30 (Reuters) -

• INDIA POLICE : 8 DEAD AND OVER 26 INJURED IN FIRE AT SIGACHI PLANT IN INDIA'S TELANGANA STATE

Further company coverage: SIGC.NS

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June 18 (Reuters) - Sigachi Industries Ltd SIGC.NS:

• OPENS NEW RESEARCH AND DEVELOPMENT CENTER IN HYDERABAD

• INVESTS UP TO $1 MILLION IN NEW RESEARCH AND DEVELOPMENT CENTER

Source text: ID:nBSE508FdS

Further company coverage: SIGC.NS

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April 17 (Reuters) - Sigachi Industries Ltd SIGC.NS:

• SECURES ENVIRONMENTAL CLEARANCE FOR DAHEJ 2 SEZ FACILITY

Source text: ID:nBSE56s3JP

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March 13 (Reuters) - Sigachi Industries Ltd SIGC.NS:

• SIGACHI INDUSTRIES - MOU WITH INDIAN NAVY FOR MARATHON PROMO PROGRAMME

Source text: ID:nBSE8SnLrz

Further company coverage: SIGC.NS

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** Shares of pharmaceutical co Sigachi Industries SIGC.NS rise as much as 7.4% to 55.80 rupees

** SIGC on Saturday reported 32.5% Y/Y rise in Q3 consol net profit while rev from ops rose 25.7%

** Stock on track for a fifth consecutive session of gain, if trend holds

** More than 3.3 mln shares change hands, 2.7x of 30-day avg

** Stock fell 2.8% in 2024 vs rise of 89.5% in 2023

(Reporting by Ashish Chandra in Bengaluru)

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Jan 8 (Reuters) - Sigachi Industries Ltd SIGC.NS:

• SIGACHI INDUSTRIES LTD - ACHIEVES GAIN AUDIT CERTIFICATION

Source text: ID:nBSE4kV4pw

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** Sigachi Industries SIGC.NS rises as much as 7.4% to 54.9 rupees

** Pharma and food ingredients maker's group company gets certificate of suitability from European Directorate for the Quality of Medicines and Health Care for Propafenone Hydrochloride, the Active Pharmaceutical Ingredient (API) used to treat cardiac arrhythmias

** Stock set to snap three straight weeks of losses

** More than 2.9 mln shares traded, 2.7x the 30-day avg

** SIGC last up 4%, turning the stock positive on YTD basis

(Reporting by Anuran Sadhu in Bengaluru)

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March 12 (Reuters) - Sigachi Industries Ltd SIGC.NS:

• DENIES ANY CONNECTION WHATSOEVER WITH SHAREHOLDERS MENTIONED IN SOCIAL MEDIA PLATFORMS

• NO CONNECTION AMONG ENTITIES "TANO INVESTMENT OPPORTUNITIES FUND, CATERFIELD GLOBAL DMCC" AND CO

• SUBSIDIARIES ARE UNAFFECTED, SCHEDULED CAPEX PLANS, COMMISSIONING SCHEDULES NOT IMPACTED

Source text for Eikon: ID:nBSE5hZllm

Further company coverage: SIGC.NS

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March 11 (Reuters) - Sigachi Industries Ltd SIGC.NS:

• JV BETWEEN UNIT AND SAUDI NATIONAL PROJECTS INVESTMENT HAS PROJECTED REVENUE VISIBILITY OF USD 180 MILLION FOR FY 2024-25

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** Shares of Sigachi Industries SIGC.NS rise as much as 6.6% to a record high of 95.9 rupees

** The pharma and food ingredients maker said its unit has entered into a joint venture with iConsult Trading Consultancy LLC, a unit of Abu Dhabi-based investment firm iMass Investments

** The joint venture, Sigachi Global, is estimated to have a revenue of $54 mln by 2029, the company said in a statement

** Stock has been trading above its 100-day and 200-day moving average since last June

** More than 3.6 mln shares change hands, 1.2x of 30-day avg

** Stock has gained 19.8% so far this month

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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Feb 26 (Reuters) - Sigachi Industries Ltd SIGC.NS:

• SIGACHI INDUSTRIES LTD - FORMATION OF A JV WITH IMASS INVESTMENT, UAE

Source text for Eikon: [ID:]

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Jan 19 (Reuters) - Sigachi Industries Ltd SIGC.NS:

• SIGACHI INDUSTRIES DEC-QUARTER CONSOL NET PROFIT 161.1 MILLION RUPEES VERSUS PROFIT 98.2 MILLION RUPEES

• SIGACHI INDUSTRIES LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 1.11 BILLION RUPEES VERSUS 688.5 MILLION RUPEES

Source text for Eikon: ID:nBSE8NNSjz

Further company coverage: SIGC.NS

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Updates with closing levels in paragraph 1, 4

By Rama Venkat

BENGALURU, Nov 30 (Reuters) - Shares of India's Tata Technologies TATE.NS settled nearly three-fold higher on their trading debut on Thursday, valuing the first Tata Group company to go public in nearly two decades at 532.64 billion rupees ($6.4 billion).

The Tata Motors' TAMO.NS unit, which provides engineering and technology services to auto, aero and heavy machinery makers, beat the valuation of its peers like KPIT Technologies KPIE.NS and L&T Technology Services LTEH.NS.

Tata Technologies' listing-day gains were also among the best since 2021-end, according to LSEG data and analysts.

The shares surged past the initial public offer price of 500 rupees to debut at 1,200 rupees before hitting the day's high of 1,400 rupees and ending 163% higher at 1,313 rupees.

"The listing was beyond imagination... and post that, the rally to 1,400 rupees was even more unexpected," Arun Kejriwal, founder of Kejriwal Research and Investment Services, said, adding that short-term investors could book profits.

The company's future earnings through a part of financial year ending March 2025 appear to have been discounted at the current valuation, Kejriwal added.

Tata Technologies' valuation has topped that of its peers KPIT Technologies, L&T Technology Services and sister Tata Group company Tata Elxsi TTEX.NS, which are valued between 409 billion rupees and 514 billion rupees.

IT services provider Tata Consultancy Services TCS.NS, which listed in 2004, was the last Tata Group company to go public.

India has seen a record 201 IPOs so far this year, while share benchmarks have scaled record highs on improving economic growth prospects.

Shares of the other stock market debutantes on Thursday, Fedbank Financial Services FEDB.NS and Gandhar Oil Refinery GADH.NS, closed 0.2% and 78.3% higher, respectively.

Pharmaceutical company Sigachi Industries SIGC.NS and Paras Defence & Space PRAF.NS had climbed as high as 270% and 171%, respectively, on listing in 2021, Aditya Kondawar, Vice President of Complete Circle Capital, said.

($1 = 83.3520 Indian rupees)

(Reporting by Rama Venkat in Bengaluru; Editing by Mrigank Dhaniwala)

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** Shares of Sigachi Industries SIGC.NS rise as much as 8.2% to 55.85 rupees, hitting highest level since Nov. 18, 2021

** The pharma and food ingredients maker on Tuesday reported 11.6% Y/Y rise in Q2 consolidated net profit while rev from ops rose 20.3% Y/Y

** Stock on track for a seventh consecutive session of gain, if trend holds

** More than 7.9 mln shares change hands by 12:56 p.m. IST, 2.4x of 30-day avg

** Stock last up 4.5%, bumping YTD gains to about 99%

(Reporting by Ashish Chandra in Bengaluru)

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Oct 19 (Reuters) - Sigachi Industries Ltd SIGC.NS:

• MANUFACTURING FACILITY PLANNED TO BE SET UP IN RIYADH IN ABOUT 3 YEARS

Source text for Eikon: ID:nNSE102wbQ

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July 17 (Reuters) - Sigachi Industries Ltd SIGC.NS:

• TO CONSIDER SUB-DIVISION OF EQUITY SHARES

Source text for Eikon: ID:nBSE89V5ty

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June 29 (Reuters) - Sigachi Industries Ltd SIGC.NS:

• APPROVED ISSUE OF UPTO 11 MILLION CONVERTIBLE WARRANTS AT A PRICE OF 261 RUPEES EACH

Source text for Eikon: ID:nNSE4HmFjb

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May 25 (Reuters) - Sigachi Industries Ltd SIGC.NS:

• MARCH-QUARTER CONSOL PROFIT 73.2 MILLION RUPEES VERSUS PROFIT 116.4 MILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 724.2 MILLION RUPEES VERSUS 725.5 MILLION RUPEES

• DIVIDEND 1 RUPEE PER SHARE

Source text for Eikon: ID:nBSEKFJCy

Further company coverage: SIGC.NS

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