SIGACHI INDUSTRIES Share price

The Company was incorporated as ‘Sigachi Chloro-Chemicals Private Limited’ on January 11 1989 as a private limited company under the Companies Act 1956 with the Registrar of Companies Andhra Pradesh. With an intention to diversify the business activities pursuant to a special resolution of the Shareholders passed in an extra-ordinary general meeting dated March 10 2012 the name of the Company was changed to ‘Sigachi Industries Private Limited’ and a fresh certificate of incorporation dated March 29 2012 consequent to such name change was issued to the Company by the Registrar of Companies Andhra Pradesh. Subsequently pursuant to a special resolution of the Shareholders passed in an extra-ordinary general meeting dated November 21 2019 the Company was converted from a private limited company to a public limited company and consequently the name of the Company was changed to ‘Sigachi Industries Limited’ and a fresh certificate of incorporation dated December 9 2019 was issued to the Company by the Registrar of Companies Telangana at Hyderabad. The corporate identification number of the Company is U24110TG1989PLC009497.Major Events and Milestones :1989- Incorporation of the Company as a private company with the name ‘Sigachi Chloro-Chemicals Private Limited’ with the business to manufacture paraffin oil with the focus to cater to the needs of the niche segment of the customers with prime quality of the products.1990- Since the Company saw a growth in its business operation it decided to diversify its business activities to manufacture microcrystalline cellulose which was also the domain of one of the Directors.1996- The Company began the in-house manufacture of alpha cellulose a key raw material required for manufacturing the final product microcrystalline cellulose.1998- The Company commenced its export operations by exporting its product microcrystalline cellulose to Bangkok.2000- The Company started manufacturing premium grade microcrystalline cellulose by successfully commissioning a spray drier and a multi-fuel furnace which in turn also increased the manufacturing capacity from 720 metric tonnes per annum to 1080 metric tonnes per annum.2004- The sale from the export operations constituted 32% of the total sales during the financial year.2006- The Research and Developments laboratory received an accreditation from Department of Science and Industrial Research (“DSIR”)to undertake research and development.2007- The Company for the first time registered its Drug Master File (“DMF”) under the US FDA enabling us to augment the export operations.2008- Setting up of a unit for manufacturing microcrystalline cellulose at Jhagadia Gujarat2009- Setting up of 100 % export oriented unit (“EOU”) for manufacturing microcrystalline cellulose in the special economic zone (“SEZ”) at Dahej Gujarat.2010- The Company commenced the commercial production of microcrystalline cellulose at the manufacturing unit situated at Jhagadia.2011- The research and development division of the Company innovated a novel filteration process for manufacturing microcrystalline cellulose.2012- The Company commenced the commercial production of microcrystalline cellulose at the manufacturing unit situated at Dahej.2014- Approval received for the scheme of arrangement executed for merger of SigachiCellulos Private Limited and SigachiPlasticisers Private Limited with the Company.- The Company received a certificate of suitability received from European Directorate of Quality Medicines.2016- The Company received a certificate of registration from TUV India Private Limited certifying that the management system applied by us in the manufacturing unit situated at Jhagadia is as per ISO 9001:2008.2020- The Company received a certificate of registration from United Registrar of Systems for certifying that the quality management systems of all the manufacturing units are in compliance with ISO 9001:2015.- The Company received a certificate of registration from TUV NORD CERT GmnH applying management system as per Food Safety System Certification 2000 (Version 4.1) in the manufacturing unit situated at Hyderabad.Awards and Accreditations :2020- The Company was awarded with the title of ‘Achiever of Silver Star’ in the category of Medium Scale Industries (Manufacturing) in the HR Best Practices 2019 programme organised by the Federation of Telangana Chambers of Commerce and Industry.2019- The Promoter Managing Director and Chief Executive Officer of the Company Amit Raj Sinha was awarded with the title of ‘Business Leader of the Year (Pharmaceutical Industry)’ by Business Television India.- WCO’s Safe Framework of Standards Indian Customs certified the Company in its Authorised Economic Operator Programme under CIBC circular number 33/2016 dated July 22 2016.2018- The Company was awarded with the title of ‘Employer of the Year’ by CHRO Asia.- The Company was awarded with the titled of ‘Company of the Year’ by Zee Business at Dare to Dream Awards.2015- The Company was honored with ‘DHL SME ZEE Business Award 2013’.2014- The Company was awarded the title of ‘India’s Small Giants Emerging Enterprises of India – Roll of Honor for 2014’ by Life Insurance Corporation of India.- The Company was honored with the ‘Top SME 100 Award 2014’ by Bank of India.2013- The Company was awarded the title of ‘SME Achievers of 2013’ by Bank of India.2011- The Company was awarded with the ‘National Award for Outstanding Entrepreneurship’ by the Government of India.- The in –house research and development division of the Company was recognized and approved by the Department of Scientific and Industrial Research Ministry of Science and Technology Government of India vide letter dated July 20 2011.- The Company was awarded the first prize at the Innovation Award Ceremony for MSME 2011. The award consisted of a cash award of ? 02 lacs along with a ‘certificate of excellence in innovation’.2010- The Company was awarded with the ‘National Award for Outstanding Entrepreneurship’ by the Government of India1998- The Company was awarded with the ‘Best Entrepreneur Award’ by the Government of Andhra Pradesh.1993- The Company was awarded with the ‘Best Entrepreneur Award’ by the President of India.- The Company was awarded with the ‘National Award’ by the Development Commissioner (MSME) Government of India.