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.

Sadhana Nitrochem Limited has issued a postal ballot notice to shareholders seeking approval for the appointment of Mr. Tej Mayur Contractor as Non-Executive Independent Director. The company submitted the postal ballot notice to stock exchanges on December 15, 2025, following the board resolution passed on December 12, 2025.

Postal Ballot Details

The postal ballot process has been initiated exclusively through electronic mode for shareholders whose email addresses are registered with the company or depositories. The company has engaged National Securities Depository Limited (NSDL) to provide remote e-voting facilities for the voting process.

Director Appointment Proposal

The special resolution seeks shareholder approval for appointing Mr. Tej Mayur Contractor (DIN: 00454197) as Non-Executive Independent Director for a term of five consecutive years 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 Appointment

The board has appointed CS Hetal Doshi (Certificate of Practice No. 9510), failing her, CS Rushabh Doshi (Certificate of Practice No. 25328), as Scrutinizer for conducting the postal ballot through remote e-voting process. The scrutinizer will submit the report to the Chairman after completion of vote counting.

Regulatory Compliance

The postal ballot notice has been issued pursuant to Section 110 read with Section 108 of the Companies Act, 2013, and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Nitin Rameshchandra Jani (Membership No. A4757) has been authorized to sign the postal ballot documents on behalf of the company.

Voting Process

Shareholders can exercise their voting rights electronically through NSDL's e-voting platform during the specified period. Voting rights will be proportionate to shares held in the paid-up equity share capital as on the cut-off date. The postal ballot notice is also available on the company's website at www.sncl.com .