Sadhana Nitrochem Limited has informed regarding Disclosure of material issue
SADHNANIQ · price
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Sadhana Nitrochem Limited's promoters (Manekchand Panachand Trading Investment Company Private Limited) have obtained an ad-interim injunction from the Bombay High Court dated 14th August 2025. This order restrains three entities — Badjate Stock Broking, Badjate Stocks and Shares, and Bonanza Portfolio — from further selling the company's shares that were pledged with them by the promoters. The promoters have also filed a separate suit seeking damages against these three parties for allegedly illegal invocation and sale of the pledged shares. Sadhana Nitrochem itself is named as Defendant No. 6 in this suit. The company is taking urgent independent legal advice to protect shareholder interests.
Short-term positive: the injunction halts further liquidation of pledged promoter shares, reducing immediate share-supply overhang. However, ongoing litigation and the company being a co-defendant introduce uncertainty around promoter stability and potential liability.