Sigachi Industries MD-CEO Detained Over Fire Probe; Stock Plummets 30% in a Year

• Sigachi Industries Limited's MD-CEO, Amit Raj Sinha, has been detained in connection with an investigation into a fire at its Hyderabad manufacturing unit.
• The detention on December 27, 2025, is linked to a fire that occurred on June 30, 2025, at the Pashamylaram unit.
• The company has not yet disclosed the cause of the fire or any findings from the ongoing investigation.
• Operations continue with Deputy Group CEO Lijo Stephen Chacko assigned interim responsibility.
• Sigachi Industries' stock has fallen over 31% in the last year and 40% since its 2021 listing, closing at 34.05 rupees.

Why It Matters: MD-CEO's detention for fire probe impacts Sigachi Industries, stock down significantly.