Sadhana Nitrochem Limited , acting as a Security Trustee for lenders, has significantly reduced its stake in Sadhana Nitrochem Limited through the sale of invoked equity shares. The transaction, which took place on August 11, 2025, saw Catalyst Trusteeship offloading 72,46,119 shares of the chemical manufacturer.

Stake Reduction Details

The sale resulted in a notable decrease in Catalyst Trusteeship's holding in Sadhana Nitrochem:

• Previous Holding: 8.22% of the total share capital
• Current Holding: 6.02% of the total share capital

This reduction represents a 2.20 percentage point decrease in ownership.

Transaction Specifics

Company Overview

Sadhana Nitrochem Limited, listed on both BSE Limited and the National Stock Exchange of India Limited, has a total paid-up equity share capital of 32,94,11,057 shares, each with a face value of INR 1.

Regulatory Compliance

The disclosure of this transaction was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Catalyst Trusteeship Limited, represented by Senior Vice President Deesha Srikkanth, filed the necessary documentation on August 13, 2025.

Recent Corporate Developments

In other recent news, Sadhana Nitrochem has undergone some changes in its key managerial personnel:

1. CFO Resignation: Mr. Rakesh Raichand Kothari, the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), has resigned effective August 14, 2025, citing personal commitments.

2. New Appointments:

   • Mr. Vimal Jain has been appointed as President of Operations and Finance, effective August 12, 2025.
   • Mr. Jayesh Shah has been appointed as Vice President of Operations and Finance, also effective August 12, 2025.

These management changes are part of the company's ongoing efforts to strengthen its financial and operational leadership.

Financial Update

As of June 30, 2025, Sadhana Nitrochem reported no deviation in the use of funds raised through its rights issue. The company had raised Rs. 49.91 crores, of which Rs. 22.17 crores have been utilized for financing the acquisition of a 126-acre plot of land and issue-related expenses.

The sale of invoked shares by Catalyst Trusteeship and the recent management changes highlight the dynamic nature of Sadhana Nitrochem's corporate landscape, as the company continues to navigate its financial and operational strategies.

Sadhana Nitrochem Limited has seen 2.71 crore of its equity shares, representing 8.23% of the company's total share capital, invoked by Catalyst Trusteeship Limited. The shares, previously pledged by Manekchand Panachand Trading Investment Co Pvt Ltd, were invoked on August 7, 2025, with Catalyst Trusteeship acting as Security Trustee for a lender.

Invocation Details

The invocation was executed through pledged equity shares as part of security arrangements. Sadhana Nitrochem has a total paid-up equity share capital of 32.94 crore shares of INR 1 each.

Disclosure and Regulatory Compliance

In adherence to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Catalyst Trusteeship Limited filed a disclosure on August 11, 2025, detailing the invocation and subsequent changes in shareholding.

Key Points from the Disclosure

Additional Information

Catalyst Trusteeship clarified its role as trustee for two separate lenders in independent transactions. An additional 24,18,305 pledged shares pertaining to another lender were not included in this disclosure as they have not been invoked.

Notably, 64,23,000 equity shares were previously pledged on March 18, 2025, amounting to 1.95% of the total shares. As this did not cross the 2% threshold at the time, no SAST disclosure was filed then.

The invocation of shares by Catalyst Trusteeship does not alter the total paid-up equity share capital of Sadhana Nitrochem Limited, which remains at 32,94,11,057 shares of INR 1 each.

This development underscores the importance of monitoring pledged shares and their potential impact on company ownership structures in the Indian stock market.