Sadhana Nitrochem Files Corrected SEBI Disclosures for Promoter Share Acquisitions

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.12%	-8.32%	-11.86%	-16.62%	-84.16%	-92.62%

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 Parameter	Details
E-voting Start Date	December 17, 2025 (9:00 AM IST)
E-voting End Date	January 15, 2026 (5:00 PM IST)
Cut-off Date	December 12, 2025
Platform	NSDL e-voting system
Result Declaration	January 16, 2026

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.

Voting Category	Shares Held	Votes Polled	Polling %	Votes in Favor	Votes Against	Approval %
Promoter Group	98,721,647	98,313,829	99.59%	98,313,829	0	100.00%
Public Institutions	191,968	0	0.00%	0	0	0.00%
Public Non-Institutions	230,497,442	3,111,622	1.35%	3,017,028	94,594	96.96%
Total	329,411,057	101,425,451	30.79%	101,330,857	94,594	99.91%

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.

Director Details	Information
Name	Mr. Tej Mayur Contractor
DIN	00454197
Position	Non-Executive Independent Director
Term Duration	5 years (October 18, 2025 to October 17, 2030)
Remuneration	Sitting fees only
Retirement	Not liable to retire by rotation

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.