Sadhana Nitrochem Limited has successfully completed its rights issue process and received trading approval from both BSE Limited and National Stock Exchange of India Limited for 263,52,83,328 equity shares. The company announced on March 16, 2026, that it has received formal trading approval letters from both exchanges, with trading set to commence on March 17, 2026.

Rights Issue Completion and Allotment

The Empowered Rights Issue Committee, duly authorized by the Board of Directors, had earlier approved the allotment of equity shares on March 12, 2026, at 7:00 p.m. The committee's decision came after finalizing the basis of allotment in consultation with the Registrar to the Issue and BSE Limited, which served as the designated stock exchange for the transaction.

Stock Exchange Approvals

Sadhana Nitrochem received formal trading approval from both major Indian stock exchanges on March 16, 2026. BSE Limited issued approval through Letter LOD/RIGHTS/SV/69/2025-2026, while National Stock Exchange of India Limited provided confirmation via Letter NSE/LIST/2026/54054.

Capital Structure Transformation

The rights issue has resulted in a substantial transformation of the company's capital structure, with the paid-up equity share capital expanding significantly:

Regulatory Compliance

The company maintained full regulatory compliance throughout the process, making disclosures in accordance with Regulation 30 and 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Earlier, on March 15, 2026, the company had published basis of allotment advertisements in Financial Express, Jansatta, and Mumbai Lakshadeep newspapers.

The successful completion of the rights issue and receipt of trading approvals positions Sadhana Nitrochem Limited with enhanced financial flexibility and expanded equity participation from its shareholder base, while maintaining full regulatory compliance throughout the process.

Sadhana Nitro Chem Limited has announced the appointment of Mrs. Sindhu Suneer Kotian as Non-Executive Independent Director through a board resolution passed on March 07, 2026. The appointment demonstrates the company's commitment to strengthening its board governance structure with experienced professionals.

Regulatory Compliance and Filing

The company has formally notified both BSE Limited and National Stock Exchange of India Limited about the appointment in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The communication was signed by Managing Director Abhishhek Asit Javeri (DIN: 00273030) and submitted to the exchanges on March 07, 2026.

Board Resolution Details

The Board of Directors approved the appointment through a circular resolution on March 07, 2026, following the recommendation of the Nomination and Remuneration Committee. The decision was made in accordance with regulatory requirements and corporate governance best practices.

Professional Background and Expertise

Mrs. Sindhu Suneer Kotian brings extensive legal expertise to the board with over 25 years of experience in the legal profession. She is an Advocate practicing at the Bombay High Court, specializing in multiple areas of law including litigation, arbitration, corporate advisory, and media and entertainment law.

Her educational credentials include a postgraduate degree in Commercial and International Law from the University of Mumbai. She has been recognized for her professional achievements, receiving the Legal Era "40 Under 40 Legal Counsel" award in 2016.

Legal Practice and Experience

Mrs. Kotian has appeared before various judicial forums including the Supreme Court of India, several High Courts, and various District Courts. Her client portfolio spans diverse sectors, representing corporates, high net worth individuals, start-ups, government entities, and media companies. This broad exposure across different business segments and legal matters positions her well to contribute to the company's strategic decision-making processes.

Independence and Compliance Verification

As per the regulatory filing, the company has confirmed that Mrs. Kotian is not related to any existing directors, ensuring her independence on the board. Additionally, she is not debarred from holding the office of Director by virtue of any SEBI Order or any other regulatory authority, meeting all compliance requirements for the appointment.

The appointment is subject to shareholder approval and aligns with the company's governance framework and regulatory obligations under SEBI listing regulations.