We are submitting the Corrigendum to the Notice of 01/2026-27 Extra-Ordinary General Meeting of the Company dated 29th April, 2026.
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Sadhana Nitro Chem Ltd has issued a corrigendum to its EGM notice originally dated 29th April 2026. The EGM is scheduled for 22nd May 2026 at 2 PM IST via video conferencing. Two specific corrections were made: (A) Item 4(e) updated the floor price calculation for a Preferential Allotment — the 90-day VWAP is Rs. 1.7894 and the 10-day VWAP is Rs. 2.0272 per share, making the SEBI-mandated floor price Rs. 2.0272. The actual Preferential Allotment price remains unchanged at Rs. 2.06 per share. (B) Item 4(k) corrected Mr. Niraj Bajaj's pre-preferential shareholding from an earlier misstated figure to 14,75,00,000 shares (4.98%), with post-allotment holding rising to 20,00,00,000 shares (6.60%). All other terms of the original notice remain unchanged.
The corrigendum is a procedural correction — the actual issue price of Rs. 2.06 per share is unchanged, so there is no direct impact on the stock. The corrected shareholding data provides more transparency on the proposed preferential allotment to existing promoter Niraj Bajaj and new allottee Poorvi Milan Chitalia.