Sadhana Nitrochem Limited has informed the Exchange regarding Outcome of Committee Meeting held on March 12, 2026.
SADHNANIQ · price
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Sadhana Nitro Chem Limited has allotted 26,35,28,3,28 equity shares (about 263.5 crore shares) at ₹1 per share under its Rights Issue, following a meeting of its Rights Issue Committee on March 12, 2026. An additional 5,128 shares have been kept in abeyance pending regulatory clearances. As a result, the company's paid-up equity share capital has jumped nearly 9 times, from about ₹32.94 crore to ₹296.47 crore. The newly allotted shares will rank equally with existing shares in all respects.
This is a major capital expansion with the share count rising roughly 9x, which will significantly dilute existing shareholders' earnings per share. Existing investors who did not subscribe to the rights issue would have seen their effective stake fall sharply, though the deeply discounted ₹1 face value issue price suggests the rights entitlement itself was structured to allow participation.