Sigachi Industries shares decline 8% after CEO remanded in Hyderabad unit fire probe

Sigachi Industries' stock dipped sharply after its MD and CEO, Amit Raj Sinha, was remanded in connection with a fatal June 2025 fire at its Hyderabad plant. The incident, which claimed 40 lives and injured 33, triggered a criminal probe. While the company assures business continuity, Deputy Group CEO Lijo Stephen Chacko will now oversee operations during the ongoing investigation.