The Exchange has received the revised 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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On the reaction day the stock moved 3.8 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sadhana Nitro Chem disclosed an internal reshuffle within its promoter group. Manekchand Panachand Trading Investment Co Pvt Ltd, a promoter group entity, transferred its entire 8.77 crore equity shares (26.65% of the company) to two individual promoters — Executive Chairman Asit Javeri (4.39 crore shares, 13.32%) and Managing Director Abhishek Javeri (4.39 crore shares, 13.32%). The shares were valued at Rs 6.17 each and the transactions took place on 7th–14th November 2025 off-market. The stated rationale was to hold promoter shareholding in a more tax-efficient structure. As a result, Asit Javeri's holding rose from 1.43% to 14.75% and Abhishek Javeri's from 0.83% to 14.16%, while the transferor's stake dropped from 26.65% to near zero.
This is purely an internal promoter-group reshuffle with no change in aggregate promoter holding, so there is no change in control, no open offer trigger, and no expected impact on the stock price. Retail investors should note that the shares moved between related entities at Rs 6.17 per share, well below market price, purely for tax structuring.