Sadhana Nitrochem Issues Corrigendum for EGM Notice Dated April 29, 2026
Sadhana Nitrochem Limited issued a corrigendum to its EGM notice. The floor price for preferential allotment remains ₹2.06. Mr. Niraj Bajaj's pre-allotment shareholding is 14,75,00,000 shares, and post-allotment will be 20,00,00,000 shares (6.60%). The EGM is on May 22, 2026.
The announcement is a clarification of a previously issued notice for an EGM. While it provides updated shareholding details and price calculations for a preferential allotment, it does not introduce new strategic directions or significant financial changes that would have a high impact.
The announcement is a corrigendum to a previous notice, clarifying details rather than introducing new material financial information or significant changes that would positively or negatively impact the company.
Sadhana Nitrochem Limited has issued a corrigendum to its Notice of the 01/2026-27 Extra-Ordinary General Meeting (EGM) originally dated April 29, 2026. The corrigendum, dated May 12, 2026, clarifies certain disclosures within the explanatory statement of the EGM notice.
Specifically, the disclosure in Item No. 4(e) regarding the preferential allotment has been modified. The floor price for the issuance of Equity Shares remains ₹2.06 per equity share. The disclosure now clarifies that the floor price is the higher of the 90-day VWAP (₹1.7894) and the 10-day VWAP (₹2.0272) preceding the relevant date, as per SEBI ICDR Regulations.
Furthermore, the disclosure in Item No. 4(k) concerning the pre-preferential shareholding of Mr. Niraj Bajaj has been updated. His pre-preferential allotment shareholding is now stated as 14,75,00,000 Equity Shares, and his post-preferential allotment shareholding will be 20,00,00,000 Equity Shares, representing 6.60% of the post-preferential offer capital. The shareholding of Ms. Poorvi Milan Chitalia has also been updated.
All other contents and terms of the original Notice dated April 29, 2026, remain unchanged, except as detailed in this corrigendum. The corrigendum will be available on the company's website, www.sncl.com. The EGM is scheduled to be held on Friday, May 22, 2026, at 2:00 PM IST through video conferencing.
What to do with a filing like this
Sadhana Nitrochem Limited filed this with the NSE as a statutory disclosure, categorised under egm. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Sadhana Nitrochem Limited. Read the original for the full detail.