Reply to Clarification- Financial results

Date: September 23, 2025 National Stock Exchange of India Limited Exchange plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai-400051, India Symbol: SADHNANIQ Subject: Clarification for Financial results - SADHNANIQ. Dear Sir/Madam, This is in reference to your mail dated 22nd September, 2025 having subject line as Clarification for Financial results - SADHNANIQ. With reference to the subject matter, please find below clarifications to the following observations. 1. Query: Financial results submitted in XBRL with discrepancies. Reply: We request you to kindly share the specific details of the discrepancies identified so that we may review the same and take necessary corrective actions. Upon receipt of the information, we will promptly make the required corrections and submit the revised XBRL filing accordingly. 2. Query: Machine Readable Form / Legible copy of Financial Results not submitted: Reply: The financial results of Sadhana Nitro Chem Limited (“the Company”) for the quarter ended June 30, 2025 submitted with the stock exchanges on August 12, 2025 was in Machine readable/ Legible copy. However, we are again enclosing herewith the legible copy of the financial results of the Company for the quarter ended June 30, 2025. Kindly take the same on your records. FOR SADHANA NITROCHEM LIMITED Nitin Rameshchandra Jani Company Secretary Membership No.: A4757 Encl. As above —— SADHANA NITRO CHEM LIMITED Date: August 12, 2025 To To BSE Limited National Stock Exchange of India Limited 1*' Floor, PJ. Towers, Exchange plaza, C-1, Block G, Dalal Street, Mumbai — 400001 Bandra Kurla Complex, Bandra (E), Mumbai-40005 1, India Scrip Code: 506642 Symbol: SADHNANIQ Subject: Outcome of the Board Meeting held on August 12, 2025 under Regulation 30 of SEBI (LODR) Regulations, 2015. Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we hereby informed that the Board of Directors of Sadhana Nitro Chem Limited (“the Company”) at their meeting held on August 12, 2025, inter- alia transacted the following items of business: 1. Considered and approved Unaudited Standalone & Consolidated Financial Results of the Company for the quarter ended June 30, 2025 and took on record the Limited Review Report provided by the Statutory Auditors of the Company. A copy of same is enclosed herewith as Annexure-A. Executive Directors viz. Mr. Asit D. Javeri, Mr. Abhishek A. Javeri & Mrs. Seema A. Javeri have chosen to waive about 55% of their remuneration for the quarter aggregating to Rs. 69 Lakhs and accordingly their remuneration has been provided in the Books for the quarter. The Company monetized on 28.05.2025 its entire investment in its wholly owned subsidiary Calchem Industries (India) Limited subject to approval of the Board which was ratified by the Board of Directors based on the recommendation of Audit Committee and Calchem Industries (India) Ltd is no more a wholly owned subsidiary of the Company as Annexure-B. The Resignation dated 12.08.2025 of CFO Mr. Rakesh R. Kothari was approved and accepted by the board w.e.f. 14" August, 2025 as Annexure-C. The Board Appointed Mr. Vimal Jain as President Operations and Finance as Annexure- The Board Appointed Mr. Jayesh Shah, Vice President Operations and Finance as Annexure-E. Corporate Office Factory Address Registered Office 10,Bruce Street, ist Floor, 47, MIDC, Roha - 402116. Nanavati Mahalaya, Unit No. 501, 8/12,Homi Mody Street, Fort, Dist. Raigad (M.S.) 5th Floor, 18 Homi Mody Street Mumbai - 400001 Dhatav, Maharashtra Fort, Mumbai - 400001 sadhananitro@sncl.com | www.sncl.com | CIN : L24110MH1973PLC016698 | Tel.: +912268663300 —<—_ SADHANA NITRO CHEM LIMITED 7. 7. Statement of deviation or variation in the use of proceeds raised through the Right Issue as Annexure-F. The Board Meeting started at 05.00 P.M and concluded at 06.35 P.M. Kindly take the same on your records. FOR SADHANA NITROCHEM LIMITED siatei n Dpigritealslye nsig n 2p .se 5u .d 4o . 20=4c8 89c8cd147¢c c35 53 c. 983c01b 0872832038e, R AMESNhC NhA N d se5s5s7ibcb1c0iee2“4s9doeof190d4i as1bt8-4met7r3eFset5,u s, setiaNumber=003ce4275a32/8278907db72280e22f . .492292317ad27b15020444760b5dc700, cn=Nitin ra J ani RameshchandfJaan i Date: 2025.08.12 20:0954 +05'30" Nitin Rameshchandra Jani Company Secretary Membership No.: A4757 Encl: As above Corporate Office Factory Address Registered Office 10,Bruce Street, 1st Floor, 47, MIDC, Roha - 402116. Nanavati Mahalaya, Unit No. 501, 8/12,Homi Mody Street, Fort, Dist. Raigad (M.S.) 5th Floor, 18 Homi Mody Street Mumbai - 400001 Dhatav, Maharashtra Fort, Mu mbai - 400001 sadhananitro@sncl.com | www.sncl.com | CIN : L24110MH1973PLC016698 | Tel.: +912268663300 JAYESH DADIA & ASSOCIATES LLPiywexotta —— = CHARTERED ACOOQ ANS SSS 422, Arun Chambers, Tardeo, Mumbai - 400034, Tel.: +91-22-66602417 / 06601056 Fax : +91-22-66602418 E-mail: info@jdaca.com Website : www.jdaca.com Independent Auditor’s Review Report on Quarterly Standalone Unaudited Financial Results The Board of Directors M/s. Sadhana Nitro Chem Limited Mumbai, 1. We have reviewed the accompanying statement of standalone unaudited financial results (‘the Statement’) of M/s. Sadhana Nitro Chem Limited (‘the Company’) for the quarter ended June 30, 2025, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015, as amended. 2. This Statement, which is the responsibility of the Company's Management and has been approved by the Board of Directors in their meeting held on August 12, 2025, has been prepared in accordance with the recognition and measurement principles laid down in the in Indian Accounting Standard (Ind As) 34, Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express our conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan & perform the review to obtain moderate assurance as to whether the standalone financial statements are free of material misstatement. A review is limited primarily to enquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 4. Based on our review conducted as stated above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited standalone financial results prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. ANNEXURE- A ( 9) 5. We draw attention to the fact that the figures for the three month period ended March 31, 2025 as reported in this statement are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the end of the third quarter of the previous financial year which were subjected to limited review. For Jayesh Dadia & Associates LLP Chartered Accountants Firm Registratioy) No. 121142W /W100122 Jayesh Dadia Partner Membership No. 033973 Place: Mumbai Dated: August 12, 2025 UDIN: 25033973BMLCBT3900 AWNEAURE: A SADHANA NITRO CHE M LIMITED Ca (CIN NO. L24100MH1973PLC016698) ‘d. Office : Regd. Office :Nanavati Mahalaya, Uni [Showing first 8,000 characters — download PDF for full document]