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Sigachi Industries Board to Consider NCD Fund Raise; Appoints Atul Dhavle as Chief People Officer
Hyderabad (Telangana) [India], January 9: Sigachi Industries Limited (NSE: SIGACHI; BSE: 543389) has informed stock exalters that its Board of Directors will meet on December 31, 2025, to consider and approve the raising of funds through the issuance of Non-Convertible Debentures (NCDs) on a private placement basis.
The proposed fund raise, subject to requisite approvals, will be undertaken in compliance with the Companies Act, 2013 and applicable regulatory provisions. The relocate is aimed at enhancing the company’s capital structure and providing financial flexibility to support its medium- to long-term growth initiatives across pharmaceutical excipients, APIs, and allied businesses.
Separately, the company has announced the appointment of Atul Dhavle as Chief People Officer (CPO) with effect from January 3, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. The appointment comes as Sigachi continues to strengthen its leadership team amid expanding operations and increasing organisational scale.
As CPO, Dhavle will be responsible for aligning Sigachi’s human capital strategy with its business priorities. His mandate includes leadership development, organisational design, talent and capability building, and strengthening governance and people processes to support execution excellence and cultural consistency across geographies.
Dhavle brings nearly 30 years of experience in strategic human resources leadership and large-scale transformation across complex, multi-location organisations. Prior to joining Sigachi Industries, he served as Chief Human Resources Officer at Granules India Limited, where he led enterprise-wide transformation initiatives across manufacturing, R&D, and corporate functions. His earlier career includes senior roles at Bharat Forge, Dr. Reddy’s Laboratories, DuPont Fibers, and Mahindra.
The twin developments—proposed debt fundraising and senior leadership augmentation—reflect Sigachi Industries’ focus on disciplined capital planning and institutional capability building. The company continues to prioritise long-term value creation through prudent financial management, strong governance frameworks, and investment in leadership and people systems as it scales its global operations.
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