Managing Director and Chief Executive Officer Amit Raj Sinha was arrested on Saturday after being named as accused number two in the case registered over the accident.
A case was registered against six people, all from the pharmaceutical company, a senior police official said.
As many as 54 people were killed and several others were injured in the blast and fire accident in Sigachi's manufacturing plant in Sanga Reddy district on June 30.
As per PTI, Sigachi Industries in a statement said in respect of the unfortunate fire incident, the police registered an FIR against "our Managing Director & CEO, Amit Raj Sinha and others under certain provisions of the BNS".
As per procedure, he was presented before the appropriate court and has been remanded to judicial custody, it said.
"We are cooperating fully with the legal process while also ensuring that our rights under the law are respected. We will keep all concerned parties informed as and when there are meaningful developments in the case, subject to legal advisories given the matter is subjudice," Sigachi Industries said.
The company reiterated support for the families of the deceased, those who were injured, and everyone impacted by this unfortunate incident.
Following the explosion, Telangana Chief Minister Revanth Reddy had assured that the state government would work closely with the company management to ensure compensation of Rs 1 crore for the kin of the deceased. He had also announced Rs 10 lakh for those who were seriously injured and Rs 5 lakh for those who were injured but could resume work after recovery. In addition, the state government had said it would provide Rs 1 lakh each to the families of the deceased and Rs 50,000 to the injured to meet immediate and emergency expenses.
Reddy had further said the medical expenses for the injured would be borne by the state government and Sigachi.
Read also: Sigachi Pharma Plant explosion toll rises to 46, 8 still missing
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