Sadhana Nitro Chem Limited has secured a long-term supply contract worth approximately Rs 108 crores with a Japanese multinational customer for the export of a speciality chemical product. The agreement, which spans a period of two years, significantly strengthens the company's revenue visibility and operational outlook. This strategic partnership has pushed the company's confirmed order book to above Rs 200 crores, marking a substantial expansion in its international business footprint.

The contract entails the international supply of a speciality chemical product manufactured by the company. The customer is a Japanese multinational entity, though specific details regarding the name were not disclosed due to commercial sensitivity and non-disclosure obligations. The firm committed aggregate contract value is set at approximately Rs 108 crores, to be executed over the stipulated two-year timeframe.

Contract Details

The disclosure was made to the exchanges pursuant to Regulation 30 read with Para B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company clarified that the order does not fall within the ambit of related party transactions, and the promoter group has no interest in the entity awarding the contract.

The filing was signed by Nitin Rameshchandra Jani, Company Secretary and Compliance Officer, confirming the details of the transaction. This development underscores the company's capability to secure long-term engagements in the competitive speciality chemicals market.

Sadhana Nitro Chem Limited has confirmed there is no deviation or variation in the use of proceeds raised through its Rights Issue for the quarter ended March 31, 2026. The company raised Rs. 263.53 Crores on March 12, 2026, and has utilized Rs. 251.95 Crores towards the specified objects. The utilization was reviewed by the Audit Committee, and Acuite Ratings and Research Limited acted as the Monitoring Agency.

Utilization of Funds

The funds were allocated across several categories including Inter-Corporate Deposits, Promoters Loan, and General Corporate Purposes. The company reported that the utilization aligns with the original disclosures made during the fund-raising process. No changes were made to the terms of contracts or objects approved by shareholders.

Financial Breakdown

The following table details the allocation and utilization of the proceeds:

Regulatory Compliance

The disclosure was filed pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The auditors and the Audit Committee provided no comments regarding the utilization of funds. Abhishek Asit Javeri, Managing Director, signed the statement on behalf of Sadhana Nitro Chem Limited.