Sadhana Nitro Chem Limited received trading approval from both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) for 6.75 crore equity shares issued through a preferential allotment. The new securities will commence trading on both exchanges effective September 25, 2026.

The company confirmed receipt of the listing letters on September 25, 2026. The BSE issued its approval vide letter no. LOD/PREF/DD/368/2026-2027, while the NSE granted clearance under reference number NSE/LIST/57588. Both approvals were dated September 24, 2026.

Share details and pricing

The allotted securities comprise equity shares with a face value of ₹1 each. These shares were issued at a premium of ₹1.06 per share to non-promoter entities. The distinctive numbers for these shares range from 2964694386 to 3032194385.

Lock-in period structure

The preferential issue involves a total of 6.75 crore shares, divided into two tranches based on lock-in requirements. Both tranches are subject to a lock-in period ending on March 25, 2027.

Regulatory compliance

The company submitted the necessary applications and documentation to both exchanges for the listing of these further issues. The NSE noted that all critical price-sensitive information must be provided through the NEAPS portal in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

What the numbers show

The preferential allotment represents a significant expansion of the company's paid-up capital structure, introducing 6.75 crore new shares into the market. Notably, the entire block of shares is subject to a uniform lock-in period until March 25, 2027, indicating that immediate dilution pressure on the floating stock is mitigated for the next six months post-listing.

Sadhana Nitrochem submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to stock exchanges on September 7, 2026. The filing details the company’s environmental performance, governance structures, and social impact metrics for the financial year ended March 31, 2026.

Environmental Performance

The company reported a significant reduction in waste generation during FY26 compared to the previous year. Total waste generated fell to 186.22 metric tonnes from 3,801.88 metric tonnes in FY25. This decline was primarily driven by a sharp drop in other hazardous waste, which decreased to 180.58 metric tonnes from 3,780.88 metric tonnes.

Energy consumption also saw a notable decrease. Total energy consumed from non-renewable sources dropped to 24,656.45 GJ from 75,270.95 GJ. Consequently, Scope 1 greenhouse gas emissions fell to 1,250 TCO2e from 4,872.43 TCO2e, while Scope 2 emissions rose slightly to 1,800 TCO2e from 2,645.80 TCO2e.

Water withdrawal decreased significantly to 20,143 kilolitres from 53,628 kilolitres, entirely sourced from third parties. The company treats effluent through its own plant before sending it to the common ETP of the Roha MIDC division.

Business Operations and Concentration

Sadhana Nitro Chem operates primarily in the manufacturing of chemical intermediates, accounting for 95% of turnover. Meta Amino Phenol and SND-27 (ODB2) are the key revenue contributors, representing 49.02% and 46.47% of total turnover respectively.

The report highlights a shift in customer concentration. Sales to dealers or distributors increased to 68.53% of total sales from 60.54% in FY25. However, the number of dealers reduced sharply to 3 from 10. Purchases from trading houses fell to 43.28% of total purchases from 94.09% in the prior year.

Exports contributed 15% to total turnover, with domestic sales making up the remaining 85%. The company serves customers across nine Indian states and twelve international countries.

Governance and Social Metrics

The company employs 190 permanent employees and 46 permanent workers. Female representation among employees stands at 5.26%, with no female workers employed. The board includes two women directors, constituting 25% of the total board strength.

Employee turnover for permanent staff was 31.82% in FY26, up from 26.11% in FY25. The company reported zero fatalities and zero lost-time injuries for employees. Workers recorded four total recordable work-related injuries, resulting in a Lost Time Injury Frequency Rate (LTIFR) of 4.92 per million person-hours worked.

What the Numbers Show

The drastic reduction in hazardous waste and overall energy consumption suggests a potential operational scale-down or significant process optimization in FY26. With hazardous waste dropping by over 95% alongside a similar decline in fuel consumption, the environmental footprint has contracted sharply relative to the previous year's output levels.