Sadhana Nitro Chem Limited has announced a comprehensive rights issue to raise capital through the issuance of equity shares to its existing shareholders. The company has filed necessary regulatory documents and published newspaper advertisements regarding the proposed rights issue under Regulation 30 of SEBI regulations.

Rights Issue Details

The rights issue comprises 263,52,88,456 fully paid-up equity shares with a face value of ₹1 each, offered at an issue price of ₹1 per share. The total aggregate amount to be raised through this rights issue is ₹26,352.88 lakhs, assuming full subscription.

Issue Timeline and Key Dates

The rights issue follows a structured timeline with specific dates for various activities. Eligible equity shareholders need to be aware of these critical dates to participate in the issue.

Eligible equity shareholders are those whose names appear in the register of members or beneficial owners on the record date of February 19, 2026. The rights entitlement ratio is 8 rights equity shares for every 1 fully paid-up equity share held.

Application Process and Requirements

The rights issue follows mandatory ASBA (Application Supported by Blocked Amount) process as per SEBI regulations. All investors desiring to apply must use the ASBA process, including non-resident investors. The company has appointed HDFC Bank as the banker to the issue and refund bank.

Key application requirements include:

• Allotment will be made only in dematerialized form
• Applications can be submitted through designated branches of SCSBs
• Plain paper applications are permitted in case of non-receipt of application forms
• Rights entitlements will be credited to demat accounts prior to issue opening

Document Dispatch and Availability

The company has completed dispatch of the Letter of Offer (LOF) and application forms on February 23, 2026, through MUFG Intime India Private Limited, the registrar to the issue. Documents were sent electronically to shareholders with registered email addresses and physically through speed/registered post.

Regulatory Compliance and Listing

The existing equity shares of Sadhana Nitro Chem Limited are listed on BSE and NSE. The company has received in-principle approval from both stock exchanges for listing the rights equity shares vide their letter dated February 12, 2026. BSE has been designated as the designated stock exchange for this issue.

The company has published newspaper advertisements in Financial Express (English), Jansatta (Hindi), and Mumbai Lakshadeep (Marathi) newspapers on February 24, 2026, disclosing completion of dispatch and other details related to the rights issue. The advertisement copy is also available on the company's website at www.sncl.com .

Important Notes for Investors

Investors should note that rights equity shares can be traded on stock exchanges only in dematerialized form. The rights entitlements will be traded on both BSE and NSE during the issue period. Overseas shareholders are subject to specific restrictions, and the issue is not being made in jurisdictions where it would be illegal without proper registration or exemption.

Sadhana Nitrochem Limited has successfully completed its postal ballot process and announced the voting results for the appointment of Mr. Tej Mayur Contractor as Non-Executive Independent Director. The company submitted the voting results along with the scrutinizer's report to stock exchanges on January 16, 2026, showing overwhelming shareholder support for the proposal.

Postal Ballot Process Overview

The postal ballot process was conducted exclusively through electronic mode for shareholders whose email addresses were registered with the company or depositories. National Securities Depository Limited (NSDL) provided the remote e-voting facilities for the entire voting process.

Voting Results and Approval

The special resolution received strong shareholder support with 99.91% votes cast in favor of the appointment. The voting participation reached 30.79% of the total outstanding shares, demonstrating significant shareholder engagement in the corporate governance process.

Director Appointment Details

The approved appointment covers Mr. Tej Mayur Contractor (DIN: 00454197) as Non-Executive Independent Director for a five-year term from October 18, 2025 to October 17, 2030. The appointment was initially approved by the board through circular resolution on October 18, 2025, as an Additional Director.

Scrutinizer Report

CS Hetal Doshi (Certificate of Practice No. 9510) served as the appointed scrutinizer for conducting the postal ballot through remote e-voting process. The scrutinizer confirmed that the resolution was passed with the requisite majority and submitted the comprehensive report to Chairman Asit D. Javeri. The scrutinizer noted that there were no invalid votes cast and voting rights were considered proportionate to shares held as on the cut-off date.