Sadhana Nitro Chem Limited has announced that its board of directors will meet on Tuesday, May 26, 2026. The meeting has been convened in accordance with Regulation 29 of the SEBI (LODR) Regulations, 2015.

Agenda for the Meeting

The primary focus of the meeting will be to consider the audited standalone and consolidated financial results and statements for the quarter and financial year ended March 31, 2026. Additionally, the board will evaluate the recommendation of a dividend for the financial year 2025-26. Any other business arising from the discussions may also be transacted.

Trading Window Closure

In compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code, the trading window for designated persons dealing in the company's securities is currently closed. The company intimated the BSE and NSE regarding this closure on Wednesday, March 25, 2026. The window will remain closed until 48 hours after the declaration of the audited financial results for the quarter and financial year ended March 31, 2026.

The board meeting will be held to finalize the financial performance of the company for the specified period and decide on potential dividend payouts to shareholders.

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.

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:

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.