NSEUpdates2d ago · 28 Jul 2026, 04:54 pm
Updates
Sadhana Nitrochem Limited · SADHNANIQ
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Sadhana Nitrochem Limited has received in-principle approval from BSE and NSE for a proposed preferential issue of 6,75,00,000 equity shares.
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Market Sentiment6/10
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Full Announcement
Sadhana Nitrochem Limited has informed the Exchange regarding 'Receipt of In-Principle Approval for Prerferential Issue'.
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SNCL_28072026165251_Receipt_of_In-Principle_Approval_for_Prerferential_Issue.pdf
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Date: July 28, 2026
To To
BSE Limited National Stock Exchange of India
1st Floor, P. J. Towers, Limited
Dalal Street, Mumbai — 400001 Exchange plaza, C-1, Block G,
Scrip Code: 506642 Bandra Kurla Complex, Bandra (E),
Mumbai-400051, India
Symbol: SADHNANIQ
Subject: Intimation of receipt of In-principle approval from BSE Limited (“BSE”)
and National Stock Exchange of India Limited (“NSE”) for proposed
Preferential Issue of 6,75,00,000 Equity shares of Re. 1/- each of the
Company.
Dear Sir/Madam,
We would like to inform that the stock exchanges i.e. BSE Limited (“BSE”) and
National Stock Exchange of India Limited (“NSE”) have granted In-principle
approvals with regard to the proposed Preferential Issue of 6,75,00,000 Equity shares
of Re. 1/- each of the Company.
The In-principle approval letters received from both the Stock Exchanges i.e. BSE and
NSE are enclosed herewith.
This is for your information and record.
Thanking You.
FOR SADHANA NITRO CHEM LIMITED
Nitin Rameshchandra Jani
Company Secretary
Membership No.: A4757
Ref: NSE/LIST/54976 July 27, 2026
The Company Secretary
Sadhana Nitrochem Limited
Dear Sir/Madam,
Sub: In - Principle approval under Regulation 28(1) of Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015
We are in receipt of your application regarding In-principle approval for issue of 6,75,00,000
Equity shares of Re. 1/- each to be issued on Preferential basis in terms of Regulation 28(1) of the
SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. In this regard, the
Exchange is pleased to grant in-principle approval for the said issue subject to the Company
fulfilling the following conditions:
1. Filing the listing application at the earliest from the date of allotment.
2. Receipt of statutory and other approvals and compliance of guidelines/regulations issued by
the statutory authorities including SEBI, RBI, MCA, etc.
3. Compliance with all the applicable guidelines, regulations, directions of the Exchange or
any statutory authorities as on the date of listing application.
4. Compliance of all conditions as per the SEBI (LODR) Regulations, 2015 as on date of
listing, Companies Act, 1956 / Companies Act, 2013 and other applicable laws.
5. Submissions of documents as may be required by NSE and payment of applicable fees.
Further, the company is advised to strengthen internal controls (to monitor trades being
executed by the proposed allottees in the scrip of the company) before allotment of securities
in order to avoid any non-compliances in respect of trades being executed by the allottees in
contravention of provisions of Chapter V of SEBI (ICDR) Regulations. In this regard,
a) The Company is advised to obtain an undertaking from the allottee(s) confirming that
they shall not do intra-day trading in the scrip of the company or any sale in the scrip of
the company till the allotment date of the security as required under SEBI (ICDR)
Regulations.
b) The Company may note that the responsibility/onus is solely on the Issuer company to
verify the above (a) and ensure compliance with applicable provisions including
Regulation 167(6) of SEBI ICDR regulations, 2018.
c) The Company may also note that any non-compliances, if observed by the exchanges
post the undertaking and verification by the Issuer company may impact the listing of
such shares.
Continuation Sheet
Kindly note, this Exchange letter should not be construed as approval under any other Act
/Regulation/rule/bye laws (except as referred above) for which the Company may be required to
obtain approval from other department(s) of the Exchange. The Company is requested to
separately take up matter with the concerned departments for approval, if any.
The Exchange reserves its right to withdraw its in-principle approval at a later stage if the
information submitted to the Exchange is found to be incomplete/incorrect/misleading/false or in
contravention of any Rules, Bye-laws and Regulations of the Exchange, SEBI (LODR)
Regulations, 2015, Guidelines/ Regulations issued by statutory authorities, etc.
Yours faithfully,
For National Stock Exchange of India Limited
Pooja Pashte
Manager
National Securities Depository Limited
Central Depository Services Limited
P.S. Checklist of all the further issues is available on website of the exchange at the following
URL: https://www.nseindia.com/companies-listing/raising-capital-further-issuesmain-sme-
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