Sadhana Nitrochem Limited has informed the Exchange regarding Board meeting held on August 12, 2025.
SADHNANIQ · price
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Awaiting price reaction for this filing.
Sadhana Nitrochem reported a weak Q1 FY26 with standalone revenue from operations falling ~8.9% YoY to Rs. 28.1 crore and a net loss of Rs. 1.7 crore versus a marginal profit of Rs. 0.04 crore in Q1 FY25. On a consolidated basis, revenue dropped ~22% YoY to Rs. 28.1 crore with a net loss of Rs. 2.1 crore, while expenses rose sharply. The company sold its wholly-owned subsidiary Calchem Industries to H.G. Partners LLP (a promoter-group related party) for Rs. 13 crore, transferring Calchem's debt obligations along with it; the sale was done at arm's length. Executive Directors waived about 55% of their remuneration (Rs. 69 lakh) for the quarter. CFO Rakesh Kothari resigned effective August 14, 2025, and Vimal Jain and Jayesh Shah were appointed as President and Vice President of Operations & Finance. Right Issue proceeds of Rs. 49.9 crore (raised Oct 2024) have been utilised without deviation, with Rs. 22.2 crore deployed so far toward acquiring a 126-acre land parcel.
The combination of a quarterly loss, declining revenues, rising expenses, and a related-party subsidiary sale signals financial pressure; however, cost waivers by promoters and asset monetisation show efforts to support the company. Shareholders should watch for management transition stability and whether the land acquisition drives future growth.