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 has submitted corrected regulatory disclosures to address clerical errors in earlier filings related to promoter share acquisitions. The company filed clarifications with BSE regarding discrepancies in SEBI SAST regulation disclosures for promoters Asit Javeri and Abhishek Javeri.

Regulatory Clarification Details

The company acknowledged that due to inadvertent clerical errors, the disclosure under Regulation 10(6) was mistakenly filed in advance. Company Secretary Nitin R. Jani explained that the disclosure was prepared for filing post-acquisition but was mistakenly uploaded along with the Regulation 10(5) intimation, resulting in inconsistency in transaction and submission dates.

Share Acquisition Transaction

The corrected disclosure reveals the complete details of the inter-se transfer transaction among promoter group entities. The acquisition involved transfer of shares from Manekchand Panachand Trading Investment Co Pvt Ltd to the individual promoters.

Updated Shareholding Pattern

The inter-se transfer has resulted in significant changes in individual promoter holdings while maintaining the overall promoter group shareholding.

Compliance Status

The company confirmed that all applicable SEBI SAST regulation disclosures have been submitted, including Regulation 10(7) filing with SEBI within stipulated timelines along with applicable fees. The transaction qualifies for exemption under Regulation 10(1)(a)(i) as it involves inter-se transfer among promoter group members.

The entire transaction represents a restructuring of promoter shareholding in a tax-efficient structure without changing the aggregate promoter group holding in the company.