Sadhana Nitro Chem Issues Corrigendum to EGM Notice Ahead of May 22, 2026 Meeting

Sadhana Nitro Chem has issued a corrigendum to the notice of its 01/2026-27 Extra-Ordinary General Meeting (EGM), originally dated April 29, 2026. The EGM is scheduled to be held on Friday, May 22, 2026, at 2:00 PM IST via Video Conferencing (VC/OAVM). The corrigendum, filed on May 12, 2026, modifies specific disclosures in the Explanatory Statement under Item No. 4 of the original notice, while all other contents and terms of the said notice remain unchanged.

Revised Floor Price for Preferential Allotment

The corrigendum modifies the disclosure under Item No. 4, Point No. (e) of the Explanatory Statement, pertaining to the basis on which the preferential allotment price has been arrived at. In accordance with SEBI ICDR Regulations, the floor price for the issuance of equity shares has been revised. The floor price is determined as the higher of the 90-trading-day and 10-trading-day volume weighted average prices (VWAP) preceding the Relevant Date.

Metric: Details 90-day VWAP (preceding Relevant Date): Rs. 1.7894 per equity share 10-day VWAP (preceding Relevant Date): Rs. 2.0272 per equity share Floor Price (as per SEBI ICDR Regulations): Rs. 2.0272 per equity share Preferential Allotment Price: Rs. 2.06 per equity share

The floor price of Rs. 2.0272 is the higher of the two VWAP figures as prescribed under the SEBI ICDR Regulations pricing formula. The articles of association of the company do not provide for any method of determination for valuation of shares that results in a floor price higher than the price determined pursuant to SEBI ICDR Regulations. Importantly, the preferential allotment price of Rs. 2.06 per equity share remains unchanged.

Updated Pre-Preferential Shareholding Details

The corrigendum also modifies the disclosure under Item No. 4, Point No. (k) of the Explanatory Statement, which pertains to the names of proposed allottees, their ultimate beneficial ownership, and their pre- and post-preferential allotment shareholding. The pre-preferential shareholding of proposed allottee Mr. Niraj Bajaj has been corrected to 14,75,00,000 equity shares. The revised shareholding details for all proposed allottees are as follows:

Sr. No.: Name of Proposed Investor Maximum Amount / Up to (INR) Pre-Preferential Allotment (Shares / %) Post-Preferential Allotment (Shares / %) 1. Niraj Bajaj 10,81,50,000 14,75,00,000 / 4.98% 20,00,00,000 / 6.60% 2. Poorvi Milan Chitalia 3,09,00,000 Nil 1,50,00,000 / 0.49%

Mr. Niraj Bajaj's post-preferential allotment shareholding is expected to increase to 20,00,00,000 equity shares, representing 6.60% of the company's capital. Poorvi Milan Chitalia, who currently holds no shares in the company, is expected to hold 1,50,00,000 equity shares, or 0.49%, following the preferential allotment.

Availability and Filing Details

The corrigendum has been filed with BSE Limited and the National Stock Exchange of India Limited on May 12, 2026. It has been signed by Nitin Rameshchandra Jani, Company Secretary (Membership No.: A4757), on behalf of the Board of Directors. A copy of the corrigendum is available on the company's website at www.sncl.com . All other terms and conditions of the original EGM notice dated April 29, 2026, remain unchanged.

Sadhana Nitro Chem Limited has notified BSE Limited and National Stock Exchange of India Limited of the publication of newspaper advertisements for its 01/2026-27 Extra-Ordinary General Meeting (EGM). The intimation, dated May 04, 2026, was filed pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The EGM notice was published in the Financial Express (English Edition) and Mumbai Lakshdeep Newspaper (Marathi Edition).

EGM Schedule and Meeting Details

The Extra-Ordinary General Meeting of the members of Sadhana Nitro Chem is scheduled to be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The key details of the meeting are presented below:

Parameter: Details Meeting Type: 01/2026-27 Extra-Ordinary General Meeting Date: Friday, May 22, 2026 Time: 02:00 PM (IST) Mode: Video Conferencing (VC) / Other Audio Visual Means (OAVM) Newspaper (English): Financial Express Newspaper (Marathi): Mumbai Lakshdeep Newspaper Company Website: www.sncl.com

Remote E-Voting Information

Members of the company holding shares in physical or dematerialised form are eligible to participate in remote e-voting through the NSDL platform. The e-voting schedule and key dates are outlined below:

Parameter: Details Cut-off Date (Eligibility): Friday, May 15, 2026 Remote E-Voting Start: Tuesday, May 19, 2026, at 09:00 AM (IST) Remote E-Voting End: Thursday, May 21, 2026, at 05:00 PM (IST) E-Voting Platform: NSDL ( www.evoting.nsdl.com ) NSDL Helpdesk: 022-4866 7000 / evoting@nsdl.com Company Contact: sadhananitrochem@gmail.com

Members who cast their votes through remote e-voting will be eligible to attend the EGM but will not be permitted to vote again at the meeting. Only members present at the EGM through VC/OAVM who have not exercised their remote e-voting option will be eligible to vote during the meeting itself.

Filing Details

The intimation was submitted by Nitin Rameshchandra Jani, Company Secretary, Membership No.: A4757, on behalf of Sadhana Nitro Chem Limited. The filing was dated May 04, 2026, and copies of the newspaper advertisements were enclosed with the submission for reference and records. The EGM notice is also available on the company's website at www.sncl.com .

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