The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Asit Javeri & Abhishek Javeri
SADHNANIQ · price
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Sadhana Nitro Chem Ltd's promoters have executed an internal reshuffle of their shareholding. Manekchand Panachand Trading Investment Co Pvt Ltd, a promoter group entity, transferred 8,77,77,000 equity shares (26.65% of equity capital) to two individual promoters — Executive Chairman Mr. Asit Javeri and Managing Director Mr. Abhishek Javeri — in equal parts (4,38,88,500 shares each) at Rs 6.17 per share via an off-market deal on 31st October 2025. As a result, Asit Javeri's stake jumped from 1.43% to 14.75%, and Abhishek Javeri's stake rose from 0.83% to 14.16%. The total promoter group shareholding remains unchanged before and after the transaction, since this is an inter-se transfer within the promoter family. The stated rationale is to hold promoter shareholding in a tax-efficient structure, and the deal qualifies for an exemption under Regulation 10(1)(a)(i) of the SEBI Takeover Regulations.
This is purely an internal family restructuring with no change in aggregate promoter control or voting power, so there should be no impact on share price or minority shareholders. It does, however, consolidate ownership in the names of the two key individual promoters, giving them direct, visible stakes in the company.