ALFA Filings
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Sadhana Nitro Chem clarified the pricing for its ₹13.91 Crore preferential allotment of 6.75 Crore shares. The issue price is fixed at ₹2.06 per equity share.
Sadhana Nitro Chem Limited confirmed no deviations in utilizing Rs. 263.53 Crore raised via rights issue. The Audit Committee reviewed the deployment of ₹251.95 Crore for corporate objectives.
Sadhana Nitro Chem Limited reported full utilization of its ₹263.53 Crore rights issue proceeds. The monitoring agency confirmed no deviations in fund usage during the period.
Sadhana Nitrochem Limited has approved a preferential issue of 6.75 crore equity shares to raise ₹13.91 Crore. The issue price is ₹2 per share, with investments from Niraj Bajaj and Poorvi Milan Chitalia. This capital infusion will increase the company's paid-up share capital to ₹303.22 Crore.