Sadhana Nitro Chem has scheduled its 53rd Annual General Meeting for September 30, 2026. The meeting will be conducted through Video Conferencing or Other Audio-Visual Means to transact ordinary and special business items.

The cut-off date for determining voting eligibility is set for September 23, 2026. Shareholders can exercise their voting rights via remote e-voting starting from September 27, 2026, at 9:00 am until September 29, 2026, at 5:00 pm.

Key Agenda Items

The Board has proposed several resolutions for shareholder approval during the meeting. The primary items include:

• Adoption of the Audited Financial Statements for the financial year ended March 31, 2026.
• Reappointment of Mrs. Seema A. Javeri as a director liable to retire by rotation.
• Ratification of remuneration for Cost Auditors M/s. Vinay Mulay & Co., amounting to ₹1,25,000 plus applicable taxes and out-of-pocket expenses.

Director Reappointments

Shareholders will vote on the reappointment of three key executive directors for a term of three years, effective May 1, 2027. The proposed remuneration structure for each director allows for up to 5% of the net profit, subject to a minimum remuneration of ₹1,68,00,000 per annum in case of no profit or inadequacy of profit.

These appointments require the passing of Special Resolutions. The directors are related parties: Asit D. Javeri is the father of Abhishek A. Javeri and husband of Seema A. Javeri.

Financial Context

The AGM notice includes financial performance data for the years ended March 2024, March 2025, and March 2026. The company reported a net loss of ₹8,817.64 lakh in FY26, following a net profit of ₹912.54 lakh in FY25 and ₹1,611.03 lakh in FY24. Total income declined significantly to ₹4,885.63 lakh in FY26 from ₹13,598.95 lakh in FY25.

What the Numbers Show

The shift from a net profit of ₹912.54 lakh in FY25 to a net loss of ₹8,817.64 lakh in FY26 highlights a sharp deterioration in profitability. This decline coincides with a drop in total income by over 63% year-on-year, while total expenses remained relatively stable at ₹13,703.27 lakh compared to ₹12,686.41 lakh in the prior year.

Sadhana Nitro Chem Limited reported a narrowed standalone net loss of ₹40 lakh for the quarter ended June 30, 2026 (Q1FY27), compared to a net loss of ₹170 lakh in Q1FY26. The improvement was driven by better cost management and reduced finance costs, despite a slight decline in revenue from operations to ₹2,618 lakh from ₹2,810 lakh in the prior year period. Consolidated net loss widened slightly to ₹55 lakh from ₹212 lakh in the corresponding quarter last year, primarily due to the inclusion of its wholly-owned subsidiary, Anuchem B.V.B.A, Belgium.

The Board of Directors, meeting on August 07, 2026, under Regulation 30 of the SEBI (LODR) Regulations, 2015, approved the unaudited standalone and consolidated financial results. Statutory Auditors Jayesh Dadia & Associates LLP issued an unmodified review report on the financial statements, confirming compliance with Ind AS 34 and SEBI Listing Regulations.

Financial Performance Highlights

The company’s primary segment remains the manufacturing of chemical intermediates, heavy organic chemicals, and performance chemicals. A secondary segment involving wireless network equipment contributed less than 10% of total revenue, profits, and assets, thus requiring no separate disclosure under Ind AS 108.

Standalone profit before tax was ₹6 lakh, up from a loss of ₹182 lakh in Q1FY26. Deferred tax expenses were ₹46 lakh, impacting the bottom line. In the consolidated books, profit before tax was a loss of ₹9 lakh, compared to a loss of ₹224 lakh in the previous year.

Preferential Allotment Approved

The Board approved the allotment of 6,75,00,000 fully paid-up equity shares with a face value of Re. 1/- each at an issue price of ₹2.06 per share (including a premium of ₹1.06). This preferential issue increases the paid-up equity share capital from ₹296,46,94,385 to ₹303,21,94,385. The allotted shares rank pari passu with existing equity shares.

What the Numbers Show

The narrowing of the standalone net loss from ₹170 lakh to ₹40 lakh indicates improved operational efficiency despite a slight dip in revenue from operations. The significant reduction in finance costs—from ₹401 lakh in Q1FY26 to ₹316 lakh in Q1FY27—contributed positively to the pre-tax position. However, the consolidated result reflects the ongoing losses from its Belgian subsidiary, Anuchem B.V.B.A, which reported a revenue of ₹561.84 lakh and a net loss before tax of ₹12.00 lakh for the quarter.