Sadhana Nitrochem Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on May 22, 2026
SADHNANIQ · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sadhana Nitrochem Limited held an Extraordinary General Meeting on May 22, 2026 via video conferencing. Four items were tabled for shareholder approval: (1) an Ordinary Resolution to increase the company's authorised share capital and alter the Memorandum of Association, (2) a Special Resolution for appointment of Mrs. Sindhu Suneer Kotian as Non-Executive Independent Director, (3) a Special Resolution for continuation of Mr. Asit D. Javeri as Executive Director beyond age 70, and (4) a Special Resolution for issuance of equity shares to private investors via preferential allotment under SEBI (ICDR) Regulations, 2018. E-voting was conducted through NSDL platform from May 19-21, 2026. The meeting concluded at 14:35 IST and voting results will be uploaded separately along with the Scrutinizer's Report.
The preferential allotment proposal, if approved, could lead to dilution of existing shareholders' stakes. The increase in authorised capital signals the company is preparing for future capital expansion. Results of all resolutions will be disclosed separately.