Sadhana Nitro Chem Promoter Asit Javeri Reduces Stake to 28.99% Through Open Market Sale

Sadhana Nitrochem has announced a significant reduction in promoter shareholding through a regulatory disclosure filed under SEBI's Substantial Acquisition of Shares and Takeovers Regulations. The development represents a notable change in the company's ownership structure.

Shareholding Transaction Details

Promoter Asit Dhankumar Javeri executed a substantial share sale through open market transactions on March 27, 2026. The transaction involved the disposal of 7,26,98,864 equity shares, representing 2.45% of the company's total voting capital.

Transaction Parameter: Details Shares Sold: 7,26,98,864 Transaction Mode: Open Market Transaction Date: March 27, 2026 Percentage Sold: 2.45%

Pre and Post Transaction Holdings

The share sale resulted in a material change in the promoter's stake in the company. Prior to the transaction, Javeri held a significant portion of the company's equity capital.

Holding Period: Number of Shares Percentage Holding Before Transaction: 93,21,19,734 31.44% After Transaction: 85,94,20,870 28.99% Net Reduction: (7,26,98,864) (2.45%)

Company Capital Structure

The company's equity share capital remained stable throughout the transaction period. The total voting capital and diluted share capital figures demonstrate the company's consistent capital structure.

Capital Parameter: Amount Equity Share Capital Before Sale: Rs. 2,96,46,94,385 Equity Share Capital After Sale: Rs. 2,96,46,94,385 Total Diluted Share Capital: Rs. 2,96,46,94,385

Regulatory Compliance

The disclosure was filed in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company submitted the required documentation to both BSE Limited and National Stock Exchange of India Limited, where its shares are listed. The transaction involved only equity shares carrying voting rights, with no encumbrances, warrants, or convertible securities involved in the disposal.

Sadhana nitrochem has announced significant governance developments following regulatory requirements. The company's Board of Directors passed a circular resolution on March 30, 2026, implementing key structural changes in compliance with recent regulatory guidelines.

TCWG Committee Constitution

The company has constituted a committee of Those Charged With Governance (TCWG) pursuant to the National Financial Reporting Authority (NFRA) circular dated January 7, 2026. This committee represents a crucial governance structure designed to enhance oversight and compliance mechanisms.

Position Name Role Chairman & Nodal Officer Mr. Mukul S. Mehra Leadership and coordination Member Mr. Abhishek A. Javeri Committee participation Member Mr. Nayan M. Patel Committee participation Member Mr. Tej M. Contractor Committee participation

Nodal Officer Appointment

Simultaneously, the company appointed Mr. Mukul S. Mehra as Nodal Officer pursuant to the NFRA circular dated January 7, 2026. This dual role positions Mr. Mehra as both the committee chairman and the designated point of contact for regulatory compliance matters.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Nitin Rameshchandra Jani communicated these developments to both BSE Limited and National Stock Exchange of India Limited on March 30, 2026.

These governance enhancements reflect the company's commitment to maintaining robust compliance frameworks and adhering to evolving regulatory requirements in the Indian financial market.

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