Sadhana Nitrochem Limited has informed the Exchange regarding Outcome of Committee Meeting held on February 13, 2026.
SADHNANIQ · price
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Sadhana Nitrochem Limited has approved the terms of a rights issue through its Rights Issue Committee meeting held on February 13, 2026. The company plans to raise approximately ₹263.53 crores by issuing 263.53 crore fully paid-up equity shares of Re. 1 each. The issue price is Re. 1 per share, meaning zero premium over face value (effectively at par). The entitlement ratio is steep at 8 new shares for every 1 existing share held. The record date to determine eligible shareholders is fixed as February 19, 2026, giving investors very little time to act.
Shareholders will need to pay Re. 1 for every 8 shares they currently hold to fully participate; failing to subscribe will result in significant dilution. The 8:1 ratio is unusually aggressive and indicates a large capital raise, which could pressure the stock price ex-rights given the sheer scale of the issue.