Sadhana Nitrochem Limited has informed the Exchange regarding Corrigendum to Notice of Extra Ordinary General Meeting
SADHNANIQ · price
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Sadhana Nitrochem Limited has issued a corrigendum to its EGM notice originally dated 29th April 2026. The EGM is scheduled for 22nd May 2026 via video conferencing. The corrigendum makes two key corrections: (1) It revises the floor price calculation for a preferential allotment — the 90-day VWAP was Rs. 1.7894 and the 10-day VWAP was Rs. 2.0272, making the floor price Rs. 2.0272 (the higher of the two); the actual preferential allotment price remains unchanged at Rs. 2.06 per share. (2) It corrects the pre-preferential shareholding of director Niraj Bajaj from 14,75,000 to 14,75,00,000 (14.75 crore) shares. Poorvi Milan Chitalia's details were also updated. All other terms of the original EGM notice remain unchanged.
The corrigendum corrects a clerical error in shareholding numbers for an existing preferential allotment proposal, and clarifies the pricing methodology — the Rs. 2.06 issue price remains valid above the Rs. 2.0272 SEBI floor. The massive correction in Niraj Bajaj's pre-holding figure (from 14.75 lakh to 14.75 crore shares) indicates the original filing contained a significant data error, which may raise questions about filing accuracy.