Sadhana Nitro Chem Board Approves Fund Raising, EGM on May 22, 2026

Sadhana nitrochem has announced the outcomes of its board meeting held on April 29, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board approved several key resolutions including director appointments, capital structure changes, and fund raising initiatives through preferential allotment.

Director Appointments and Continuation

The board approved the regularisation of appointment of Mrs. Sindhu Suneer Kotian (DIN: 08918862) as Non-Executive Independent Director of the company. Additionally, the board approved the continuation of Mr. Asit Dhankumar Javeri (DIN: 00268114) in his office as Executive Director upon his attaining the age of 70+ years. Both decisions were taken based on the recommendations of the Audit Committee.

Director Matter Details Independent Director Mrs. Sindhu Suneer Kotian (DIN: 08918862) Position Non-Executive Independent Director Executive Director Mr. Asit Dhankumar Javeri (DIN: 00268114) Age Consideration Continuation beyond 70+ years

Capital Structure and Fund Raising

Based on the Audit Committee's recommendation, the board approved an increase in authorized share capital from Rs. 300 Crore to Rs. 305 Crore, subject to member approval. The company will raise funds through preferential allotment to provide additional working capital support for business operations. The preferential issue involves 6,75,00,000 equity shares of face value Re. 1/- each at Rs. 2.06/- per share, including a premium of Rs. 1.06/- per share, aggregating to Rs. 13,90,50,000.

Particulars Details Securities Equity Shares of Re. 1/- each Issue Type Preferential Allotment Issue Price Rs. 2.06/- per share Total Shares 6,75,00,000 equity shares Total Amount Rs. 13,90,50,000

Investor Details and Shareholding Pattern

The preferential allotment will be made to two investors: Niraj Bajaj and Poorvi Milan Chitalia. Post-allotment, Niraj Bajaj's shareholding will increase from 14,75,00,000 shares (4.98%) to 20,00,00,000 shares (6.60%), while Poorvi Milan Chitalia will acquire 1,50,00,000 shares representing 0.49% of the company's equity.

Investor Pre-Issue Shares Pre-Issue % Post-Issue Shares Post-Issue % Niraj Bajaj 14,75,00,000 4.98% 20,00,00,000 6.60% Poorvi Milan Chitalia - 0.00% 1,50,00,000 0.49%

Extraordinary General Meeting

The board considered the draft notice for the 01/2026-27 Extraordinary General Meeting (EGM) scheduled to be held on May 22, 2026. The Company Secretary, Managing Director, and Chairman have been authorized to sign the notice on behalf of the company. Additionally, the board approved engaging NSDL services for e-voting and video conferencing facilities for the EGM, along with the appointment of a scrutiniser to oversee the voting process.

The board meeting commenced at 4:10 PM and concluded at 5:00 PM on April 29, 2026. The intimation was signed by Managing Director Abhishek Asit Javeri (DIN: 00273030).

Sadhana nitrochem has filed its quarterly compliance certificate with stock exchanges for the quarter ended March 31, 2026, in accordance with SEBI (Depositories and Participants) Regulations, 2018. The certificate confirms the company's adherence to dematerialization procedures and regulatory timelines.

Regulatory Compliance Certificate

The company submitted the mandatory certificate under Regulation 74(5) to both BSE Limited and National Stock Exchange of India Limited on April 10, 2026. Company Secretary Nitin Rameshchandra Jani signed the compliance document, confirming that all securities received for dematerialization during Q4 FY26 were properly processed.

The certificate validates two key compliance aspects:

All securities in the certificates have been listed on stock exchanges

Physical certificates were duly verified, mutilated, and cancelled with depository names substituted as registered owners

Dematerialization Activity Summary

MUFG Intime India Private Limited, serving as the registrar and transfer agent, provided detailed dematerialization statistics for the quarter. The company processed multiple categories of requests with varying timelines.

Request Type: Total Shares Accepted Rejected Type A (Previous Quarter): 2,205 0 2,205 Type B (Current Quarter): 21,284 21,284 0 Type C (Next Quarter): 0 0 0 Total Processed: 23,489 21,284 2,205

Processing Timeline Performance

The dematerialization requests were processed efficiently within regulatory guidelines. All confirmed requests were completed within the prescribed 21-day timeframe, demonstrating strong operational compliance.

Performance Metric: Details Requests Within 21 Days: 7 requests (21,284 shares) Requests Above 21 Days: 0 requests (0 shares) Pending Requests: 0 requests (0 shares) Processing Success Rate: 100% within timeline

Share Capital Position

As of March 31, 2026, the company's share capital structure reflected significant dematerialization activity during the quarter.

Capital Component: Shares Total Share Capital: 2,964,694,385 Physical Mode Shares: 2,132,106 NSDL Position: 2,108,586,023 CDSL Position: 853,976,256 Total Demat Position: 2,962,562,279

The quarterly filing demonstrates Sadhana Nitro Chem's commitment to regulatory compliance and efficient processing of shareholder dematerialization requests. The company maintained zero pending requests beyond the regulatory timeframe, indicating robust operational procedures in coordination with its registrar and transfer agent.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.