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.

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.