No deviation in Rights Issue use, Rs 263.53 Cr fully utilised

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AI summary

Sadhana Nitro Chem confirms no deviation in use of Rights Issue proceeds for the quarter ended June 30, 2026. The company raised Rs. 263.53 Crores on March 12, 2026. The full amount has been utilised as planned: Rs. 131.98 Cr for Inter-Corporate Deposit, Rs. 81 Cr as Promoters Loan, Rs. 6.18 Cr for Term Loan, Rs. 16.09 Cr for Long-Term Working Capital, Rs. 27 Cr for General Corporate Purposes, and Rs. 1.28 Cr for issue expenses. Audit Committee and auditors have no comments.

Likely market impact

Neutral. Funds utilised as planned, no deviation flagged. However, about 83% of proceeds are deployed into debt-like instruments including Rs 81 Cr as Promoter Loan.