Pursuant to the provision of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Sadhana Nitrochem has informed that the Finance and Admin Committee of the Company has passed a resolution on March 30, 2022 for allotment of 6,19,458 Share Warrants having face value of Re 1 each at a premium of Rs 152.36 per warrant each convertible into one Equity Share of Rs 1 each of the Company on preferential basis against the subscription money received (consideration of 25% against each warrant price) and allotted to one of the allottee, details of whom are attached, on the terms and conditions set out in offer letter (PAS- 4) issued to the allottee and in accordance with the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the applicable provisions of the Companies Act, 2013.
The above information is a part of company’s filings submitted to BSE.
