The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Catalyst Trusteeship Ltd
SADHNANIQ · price
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Catalyst Trusteeship Ltd, acting as security trustee for lenders, has sold 1,98,59,167 equity shares (6.02%) of Sadhana Nitro Chem Ltd that were originally pledged by promoter-group entity Manekchand Panachand Trading Investment Co Pvt Ltd. The shares were invoked (likely due to a loan default) and then offloaded by the trustee, leaving Catalyst Trusteeship with zero holding in the company. The transaction happened on August 20, 2025, and the total share capital remains 32,94,11,057 shares of Re 1 each. Effectively, the promoter group's stake in Sadhana Nitro Chem has reduced by 6.02% through this forced sale.
This is negative for existing shareholders as it represents a forced exit by the promoter group, signalling financial stress at the promoter entity level. The 6.02% overhang hitting the open market could pressure the stock price in the short term and raises concerns about promoter solvency and possible further such events.