Sadhana Nitro Chem: Promoters announce inter-se share transfer to restructure holdings

Sadhana Nitro Chem Limited has announced an inter-se transfer of 87.777 million equity shares, representing 26.6469% of the company's share capital, between promoter entities. This transaction, dated September 4, 2025, involves Manekchand Panachand Trading Investment Co Pvt Ltd as the transferor.

The acquiring parties are Asit Dhankumar Javeri and Abhishek Asit Javeri, both part of the promoter group. Each acquirer will acquire 43.8885 million equity shares through off-market purchases, at a price of INR 6.17 per equity share. This move is intended to restructure promoter shareholding in a tax-efficient manner.

Post-acquisition, Asit Dhankumar Javeri's holding will increase to 48.590726 million shares (14.7507%), and Abhishek Asit Javeri's holding will reach 46.632262 million shares (14.1562%). Manekchand Panachand Trading Investment Co Pvt Ltd's shareholding will reduce to 1,021 equity shares (0.0003%). The transaction falls under exemptions of Regulation 10(1)(a)(ii) of SEBI (SAST) Regulations, 2011, and the aggregate promoter group holding remains unchanged.