Sadhana Nitro Chem: Promoters announce significant inter-se share transfer

Sadhana Nitro Chem Limited announced an inter-se transfer of 8,77,77,000 equity shares, representing 26.6469% of the company's share capital, among its promoter group. The transaction, dated October 28, 2025, involves Manekchand Panachand Trading Investment Co Pvt Ltd as the transferor, with Mr. Asit Dhankumar Javeri and Mr. Abhishek Asit Javeri as the acquirers.

Each acquirer is set to acquire 4,38,88,500 equity shares through off-market purchases, totaling 8,77,77,000 shares. This acquisition is priced at Rs 6.17 per equity share and is exempt under Regulation 10(1)(a)(ii) of SEBI (SAST) Regulations, 2011. Following the transfer, Mr. Asit Dhankumar Javeri’s holding will increase to 4,85,90,726 shares (14.7507%), and Mr. Abhishek Asit Javeri’s holding will reach 4,66,32,262 shares (14.1562%). Manekchand Panachand Trading Investment Co Pvt Ltd's holding will reduce to 1,021 equity shares (0.0003%).

The aggregate holding of the Promoter and Promoter Group will remain unchanged before and after this inter-se transaction, which aims to hold promoter shareholding in a tax-efficient structure. Both acquirers confirmed the acquisition price would not exceed 25% of the price computed based on the volume-weighted average market price of Rs 8.69 per share over 60 trading days.