EGM on May 22, 2026: Capital Hike, Preferential Allotment & Director Items

Board & Shareholder Meetings View source PDF

SADHNANIQ · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+1.2%1-day move

₹2.45

prior close

₹2.34

base price

After-mkt

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+2.6+2.1+2.1+4.7+1.2+6.5+11.8+9.4+7.3+3.3-3.7-1.6+17.1—

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AI summary

Sadhana Nitrochem has called an EGM on May 22, 2026 to seek shareholder approval for: (1) increasing authorised share capital from Rs 300 Cr to Rs 305 Cr; (2) appointing Mrs. Sindhu Suneer Kotian as Independent Director for 5 years; (3) continuing Mr. Asit Javeri as Executive Director beyond age 70 (he turns 70 on June 25, 2026); and (4) preferential allotment of 6.75 Cr equity shares at Rs 2.06/share (Rs 13.9 Cr) to Niraj Bajaj and Poorvi Chitalia.

Likely market impact

Preferential allotment of Rs 13.9 Cr to two investors will dilute existing shareholders; adds new INED; permits promoter ED to continue past 70.