Sadhana Nitrochem Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2025
SADHNANIQ · price
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Sadhana Nitrochem Limited held its 52nd AGM on September 29, 2025 at 2:00 PM via video conferencing, chaired by Executive Chairman Mr. Asit D. Javeri. Eight resolutions were tabled, covering ordinary items (adoption of FY25 financial statements, declaration of final dividend, re-appointment of Mr. Asit D. Javeri as director retiring by rotation, ratification of cost auditor remuneration, and appointment of secretarial auditor) and special business (increase in authorised share capital and alteration of MOA, plus enhancement of borrowing limits under Section 180(1)(c) and creation of charge/mortgage on company assets under Section 180(1)(a)). E-voting ran from September 26-28, 2025, with results to be announced within 2 working days. The meeting concluded at 14:56 IST.
Shareholders stand to receive a final dividend for FY25 (payable by October 25, 2025) if approved, while the proposals to expand authorised share capital and borrowing limits suggest the company is preparing room for future fundraising or expansion, which could lead to potential equity dilution but also enables growth financing.