Announced Fri, 7 Aug · 20:00 IST
No deviation in use of Rs 263.53 Cr Rights Issue proceeds - Q1 FY27
SADHNANIQ · price
▲ 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
+9.9%1-day move
₹3.02
prior close
₹3.17
base price
After-mkt
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AI summary
Sadhana Nitrochem confirms no deviation or variation in use of Rs 263.53 Cr raised via Rights Issue on March 12, 2026. Funds were allocated to inter-corporate deposits (Rs 131.98 Cr), promoter loan (Rs 81 Cr), term loan (Rs 6.18 Cr), long-term working capital (Rs 16.09 Cr), general corporate purposes (Rs 27 Cr), and issue expenses (Rs 1.28 Cr). The Audit Committee raised no comments after review. Acuite Ratings is the monitoring agency.
Likely market impact
Confirms proper use of Rights Issue funds; positive for transparency and investor confidence. No material stock impact expected.