Sadhana Nitrochem: Preferential Allotment Price Confirmed at ₹2.06 per Share
Sadhana Nitrochem confirmed the preferential allotment price for 6.75 crore equity shares at ₹2.06 per share. This price is above the floor price of ₹2.05, determined by SEBI ICDR regulations based on 90-day VWAP. The company had previously issued a corrigendum to its EGM notice.
The announcement confirms a previously decided preferential allotment price. The price is only marginally higher than the floor price, suggesting no significant deviation or new information that would substantially impact the company's valuation or operations.
The announcement is a routine regulatory update confirming the price for a preferential allotment. While it involves fundraising, the price confirmation itself does not represent a significant positive or negative development beyond the initial decision to raise capital.
Sadhana Nitrochem Limited has provided an update regarding its preferential issue and allotment of 6,75,00,000 equity shares, each with a face value of Re. 1. The company confirmed that the issue/allotment price remains unchanged at ₹2.06 per equity share. This price is higher than the determined floor price.
The floor price, calculated in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR), is ₹2.05 per equity share. This floor price was determined based on the volume-weighted average price (VWAP) of the company's equity shares over the 90 trading days preceding the relevant date, which stood at ₹2.05. The 10-day VWAP preceding the relevant date was ₹2.03 per equity share. The preferential allotment price of ₹2.06 per equity share has been confirmed as it is higher than the calculated floor price.
This intimation is a follow-up to the company's earlier communication dated 12th May, 2026, concerning a corrigendum to the Notice of the Extra-Ordinary General Meeting (EGM) scheduled for 01/2026-27.
What to do with a filing like this
Sadhana Nitrochem Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. 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.