Sadhana Nitrochem Files Corrected SEBI Disclosures for Promoter Share Acquisitions

1 min read Updated on 24 Dec 2025, 01:26 PM

Reviewed by

Shriram SScanX News Team

Overview

Sadhana Nitrochem submitted corrected regulatory filings to BSE addressing inadvertent clerical errors in earlier SEBI SAST disclosures. The corrected filings detail inter-se transfer of 8.78 crore shares between promoter group entities, with Asit Javeri and Abhishek Javeri each acquiring 4.39 crore shares at ₹6.17 per share, significantly increasing their individual stakes while maintaining overall promoter group holding.

*this image is generated using AI for illustrative purposes only.

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.

Filing Details	Information
Original Filing Date	October 29, 2025
Corrected Filing Date	December 23, 2025
Regulation	SEBI SAST Regulation 10(6)
Filing Type	Inter-se Transfer Disclosure

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.

Acquisition Details	Asit Javeri	Abhishek Javeri
Shares Acquired	4,38,88,500	4,38,88,500
Acquisition Price	₹6.17 per share	₹6.17 per share
Acquisition Period	November 7, 2025	November 7-14, 2025
Percentage Acquired	13.32%	13.32%

Updated Shareholding Pattern

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

Promoter	Pre-Acquisition	Post-Acquisition	Change
Asit Javeri	1.43%	14.75%	+13.32%
Abhishek Javeri	0.83%	14.16%	+13.33%
Total Shares Transferred	-	8,77,77,000	26.65%

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.

Historical Stock Returns for Sadhana Nitrochem

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.73%	+9.26%	+2.31%	-84.03%	-91.85%	-92.14%

Sadhana Nitrochem

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Sadhana Nitrochem Completes Major Promoter Share Restructuring Worth ₹54 Cr

2 min read Updated on 24 Dec 2025, 11:15 AM

Reviewed by

Radhika SScanX News Team

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Overview

Sadhana Nitrochem has completed a major promoter group restructuring through inter-se transfer of 4.39 crore shares to Managing Director Abhishek Javeri, increasing his stake from 0.83% to 14.16%. The transaction, valued at ₹27 crores and executed at ₹6.17 per share, represents internal consolidation within the promoter group while maintaining overall promoter control structure.

*this image is generated using AI for illustrative purposes only.

Sadhana Nitrochem Limited has completed a significant inter-se transfer of shares among its promoter group members, with the latest regulatory filing submitted on December 23, 2025. The transaction involves a substantial 26.65% stake in the company, amounting to 8.77 crore equity shares valued at approximately ₹54.15 crores.

Transaction Overview

The share transfer was executed between November 7-14, 2025, involving key promoter group members. The regulatory disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 was filed with both BSE Limited and National Stock Exchange of India Limited.

Transaction Details:	Information
Transferor:	Manekchand Panachand Trading Investment Co Pvt Ltd
Primary Acquirer:	Mr. Abhishek Asit Javeri
Shares Acquired:	4,38,88,500 equity shares
Acquisition Percentage:	13.32% of total share capital
Transfer Method:	Inter-se transfer (off-market)
Price per Share:	₹6.17
Transaction Period:	November 7-14, 2025
Total Value:	₹27.07 crores

Updated Shareholding Pattern

Following the completion of the inter-se transfer, the shareholding pattern shows significant changes in promoter group holdings. The latest filing reveals updated shareholding positions post-transaction.

Shareholder Details:	Pre-Transaction	Post-Transaction	Change
Mr. Abhishek Asit Javeri Shares:	27,43,762	4,66,32,262	+4,38,88,500
Percentage Holding:	0.83%	14.16%	+13.32%
Total Share Capital:	₹32.94 crores	₹32.94 crores	Unchanged

Regulatory Compliance Framework

The transaction falls under the exemption provided in SEBI regulations for inter-se transfers among promoter group members. Mr. Abhishek Asit Javeri, serving as Managing Director, was already part of the promoter group, making this an internal restructuring exercise.

Regulatory Aspects:	Details
Filing Regulation:	Regulation 29(2) of SEBI (SAST) 2011
Exemption Category:	Inter-se transfer among promoters
Disclosure Date:	December 23, 2025
Company Equity Capital:	₹32.94 crores
Face Value per Share:	₹1.00

Strategic Implications

This restructuring represents a strategic consolidation within the promoter group, with the aggregate promoter and promoter group holding remaining unchanged. The transaction demonstrates the promoter group's commitment to optimizing their shareholding structure for operational efficiency and tax optimization.

The completion of this inter-se transfer strengthens the individual holding of key management personnel while maintaining the overall promoter control structure. With Mr. Abhishek Asit Javeri now holding a significant 14.16% stake, the management's direct involvement in the company's strategic direction is further reinforced.

Historical Stock Returns for Sadhana Nitrochem