Sadhana Nitrochem Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32

SADHNANIQ · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+1.7%1-day move

₹2.40

prior close

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base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————+1.7+3.3+4.2+2.1+0.4-2.1+14.2+21.7+12.1—

Up moveDown movePending

AI summary

Sadhana Nitrochem has submitted its quarterly compliance filing confirming no deviation in the use of proceeds from its Rights Issue. The company raised Rs. 263.53 Crores on March 12, 2026, and has utilized Rs. 251.95 Crores (95.6%) as of March 31, 2026. Funds were deployed across Inter-Corporate Deposits (Rs. 129.09 Cr), Promoters Loan (Rs. 80.76 Cr), Term Loan (Rs. 6.04 Cr), Long-Term Working Capital (Rs. 12.05 Cr), General Corporate Purposes (Rs. 22.73 Cr), and Issue Expenses (Rs. 1.28 Cr). The Audit Committee reviewed the statement and had no comments. Acuite Ratings and Research Limited is the monitoring agency. Approximately Rs. 11.58 Crores remains undeployed.

Likely market impact

Positive for shareholders - the company has confirmed funds are being used as disclosed in the offer document with no deviations. The undeployed portion (Rs. 11.58 Cr) is likely pending completion of planned activities.