Sadhana Nitrochem Limited has informed the Exchange regarding 'Receipt of Trading Approval'.
SADHNANIQ · price
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Sadhana Nitrochem has received trading approval from both BSE (Scrip Code 506642) and NSE (Symbol SADHNANIQ) for 263,52,83,328 equity shares of Re. 1 each, issued under a Rights Issue at par. The new shares, with distinctive numbers 32,94,11,058 to 2,96,46,94,385, will be listed and available for trading on the exchanges from Tuesday, March 17, 2026. This means the rights shares allotted to eligible shareholders can now be bought and sold on the stock exchange. The trading approval letters from both exchanges have been attached to the filing.
Existing shareholders who were allotted rights shares can now trade them on the exchange from March 17, 2026. With ~263.53 crore new shares being added, there is a very large increase in the total share count, which will significantly dilute existing holdings. Share price may face downward pressure in the near term as the expanded free float adjusts to the new supply.