Sadhana Nitro Chem corrects share disclosure for promoter transaction

Sadhana Nitro Chem Limited announced on December 23, 2025, the re-submission of its disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This re-submission is for an inter-se transfer of equity shares by promoters Asit Javeri and Abhishek Javeri. The re-filing corrects a clerical error where the original disclosure was mistakenly uploaded on October 29, 2025, with an advance submission date, instead of after the acquisition.

The acquisition involved the transfer of 8,77,77,000 equity shares, representing 26.6469% of the company’s diluted share capital, from Manekchand Panachand Trading Investment Co Pvt Ltd. Each acquirer, Asit Dhankumar Javeri and Abhishek Asit Javeri, acquired 4,38,88,500 equity shares at Rs 6.17 per equity share through off-market purchase. This transaction falls under the exemption provided by Regulation 10(1)(a)(i) of the Takeover Regulations, as all parties are part of the promoter group, aiming to hold promoter shareholding in a tax-efficient structure.

The company confirmed that no other particulars in the disclosure have been altered, and the correction is limited to the date fields. The acquisition date ranged from November 7, 2025, to November 14, 2025. Following the acquisition, Asit Dhankumar Javeri's shareholding increased to 14.7507% (48,590,726 shares), and Abhishek Asit Javeri's to 14.1562% (46,632,262 shares). The aggregate shareholding of the promoter group remains unchanged post-acquisition.