No Deviation or Variation in the use of proceeds raised through the Right Issue.
SADHNANIQ · price
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Sadhana Nitro Chem Ltd has confirmed that there is no deviation or variation in the use of proceeds from its Rights Issue completed on March 12, 2026. The company raised Rs. 263.53 Crores through the issue. As of March 31, 2026, Rs. 251.95 Crores (approximately 95.6%) has been utilized across various purposes: Inter-Corporate Deposit (Rs. 129.09 Crores), Promoters Loan (Rs. 80.76 Crores), Term Loan (Rs. 6.04 Crores), Long-Term Working Capital (Rs. 12.05 Crores), General Corporate Purposes (Rs. 22.73 Crores), and Issue Related Expenses (Rs. 1.28 Crores). The remaining Rs. 11.58 Crores remains unutilized. The Audit Committee has reviewed and approved the utilization with no comments.
This filing provides positive assurance to shareholders that funds from the Rights Issue are being deployed as intended with no deviations, which is a compliance comfort for investors who participated in the issue.