The Exchange has received the revised disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Asit Dhankumar Javeri & Abhishek Javeri
SADHNANIQ · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sadhana Nitro Chem Ltd filed a revised disclosure regarding an inter-se transfer of 8,77,77,000 equity shares (26.65% of share capital) among promoter group members. Promoter entity Manekchand Panachand Trading Investment Co Pvt Ltd sold 4,38,88,500 shares each to Executive Chairman Asit Dhankumar Javeri and Managing Director Abhishek Asit Javeri at Rs 6.17 per share between November 7-14, 2025. 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 Manekchand Panachand's holding dropped from 26.65% to near zero. The revised filing corrects a clerical date error in the earlier October 29, 2025 submission. The rationale stated is to hold promoter shareholding in a more tax-efficient structure, and the total promoter group shareholding remains unchanged since this is an internal transfer exempt under Regulation 10(1)(a)(i).
No impact on total promoter group shareholding or open offer obligations, as this is an internal reshuffle. However, control and voting power within the promoter group has effectively shifted from a corporate entity to two individual promoter-directors (the Executive Chairman and Managing Director), which may matter for future corporate decisions and governance.