BSECompany Update3d ago · 28 Oct 2026, 07:36 pm
Please find attached Statement of Deviation or Variation for the quarter ended September 30, 2026.
Sadhana Nitro Chem Ltd · 506642
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Sadhana Nitro Chem Ltd has filed a statement confirming no deviation or variation in the use of proceeds raised through the Preferential Issue, as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Sadhana Nitro Chem Ltd - 506642 - Compliances-Statement Of Deviation Or Variation For The Quarter Ended September 30, 2026.
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Date: 28th October, 2026
To To
BSE Limited National Stock Exchange of India Limited
1st Floor, P.J. Towers, Exchange Plaza, C-1, Block G,
Dalal Street, Mumbai-400001 Bandra Kurla Complex, Bandra (E),
Scrip Code: 506642 Mumbai-400051, India
Symbol: SADHNANIQ
Subject: Statement of deviation or variation in the use of proceeds raised through the
Preferential Issue.
Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, we hereby confirm that there is no deviation or variation in the use of
proceeds raised through Preferential Issue. A statement containing that there is no deviation
or variation in the utilization of these proceeds, duly reviewed by the Audit Committee, is
enclosed herewith. Kindly take the same on your records.
FOR SADHANA NITRO CHEM LIMITED
Abhishek Asit Javeri
Managing Director
DIN: 00273030
Statement on Deviation/ Variation in utilisation of funds raised
Particulars Remarks
Name of the listed entity Sadhana Nitro Chem Limited
Mode of fund raising Preferential Issue
Date of raising funds August 07, 2026
Amount raised Rs. 13.90 Crores
Report filed for quarter ended September 30, 2026
Monitoring Agency Not applicable
Monitoring Agency Name, if applicable Not applicable
Is there a deviation/ variation in use of funds raised? No
If yes. Whether the same is pursuant to change in Not applicable
terms of a contract or objects, which was approved by
the shareholders
If yes, date of shareholders’ approval Not applicable
Explanation for the Deviation / Variation Not applicable
Comments for the Audit Committee after review No comments
Comments of the auditors, if any No comments
Objects for which funds have been raised and where there has been a deviation, in the following
table
Original Modified Original Modified Fund Amount of Remarks,
Object Object, if Allocation allocation, Utilised Deviation/ if any
any (Amount if any (Amount Variation on for
in Crores) in Crores) the quarter
according to
applicable
object (in Rs.
Crores)
Working Nil 13.65 Nil 13.65
Capital
Not Applicable Deviation
Issue Related Nil 0.25 Nil 0.25
Expenses
Total - 13.90 - 13.90 - -
Deviation or variation could mean:
(a) Deviation in the objects or purposes for which the funds have been raised or
(b) Deviation in the amount of funds actually utilized as against what was originally disclosed
(c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of
offer, etc.
FOR SADHANA NITRO CHEM LIMITED
Abhishek Asit Javeri
Managing Director
DIN: 00273030