What happened at Sigachi Industries?

A fire at Sigachi's chemical unit in late 2025 tragically killed 40 people.

Who is Amit Raj Sinha?

Amit Raj Sinha is the Chief Executive Officer of Sigachi Industries.

How did Sigachi Industries' stock perform after the CEO's bail?

Sigachi Industries' shares jumped as much as 20% and were trading 15% higher following the bail announcement.

Home / Business and Economy / Sigachi CEO Freed on Bail After Factory Tragedy

Sigachi CEO Freed on Bail After Factory Tragedy

4 Feb

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Summary

Company CEO granted bail by Telangana High Court.
Case linked to a fatal factory fire that killed 40 people.
Shares surged 15% following the bail announcement.

Sigachi CEO Freed on Bail After Factory Tragedy

Sigachi Industries CEO Amit Raj Sinha has been granted bail by the Telangana High Court, as announced by the company on Wednesday, February 4, 2026. Mr. Sinha was taken into custody in late December 2025.

His arrest was connected to an ongoing investigation into a deadly fire that occurred at Sigachi's chemical manufacturing unit. The incident resulted in the tragic loss of 40 lives.

The company stated its continued full cooperation with the investigating authorities and the judicial process. Investors reacted positively to the news, with Sigachi Industries' shares jumping as much as 20% and settling at a 15% increase. This marks the company's best trading day since September.

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