Please find attached Monitoring Agency Report for the quarter ended March 31, 2026.
SADHNANIQ · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sadhana Nitro Chem Limited has submitted its first Monitoring Agency Report for the INR 263.53 crore Rights Issue (conducted February 27 – March 10, 2026). The monitoring agency, Acuité Ratings and Research Limited, confirms there is NO deviation or variation in fund utilisation as per the disclosed objects. Of the total INR 263.53 crore raised, INR 251.95 crore has been deployed with INR 11.58 crore remaining unutilised (held in HDFC monitoring account). The unutilised balance includes INR 4.04 crore for long-term working capital (expected to be deployed within 30-45 days), INR 4.27 crore for general corporate purposes, and smaller amounts for inter-corporate deposit and promoter loans (settled in April 2026). The audit committee has reviewed and approved the report.
Positive signal for shareholders — the first monitoring report shows clean utilisation of the INR 263.53 crore Rights Issue with no deviations reported. The remaining ~11.58 crore (~4.4% of issue size) is expected to be deployed shortly for working capital and general corporate purposes.