Sigachi Approves ₹290 Crore Preferential Issue Of 11 Crore Warrants

Board proposed issuing 11 crore convertible warrants at ₹26.40 each, potentially raising ₹290.4 crore, including 7.5 crore warrants for promoter Amit Raj Sinha; conversion could take promoters’ post-issue holding to 43.73%. Shareholder approval is scheduled for September 15. Context: follows an earlier warrant lapse without capital raised.