Pursuant to provision of Regulation 30 and other applicable Regulations, if any, of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, Sadhana Nitro Chem has informed that the Finance and Admin Committee of the company in its meeting held today, 03rd March, 2023 which commenced at 3:00 pm and concluded at 3:30 pm has considered and approved the Allotment of 65,20,606 Equity shares of the face value of Rs 1 per share at an issue price of Rs 153.36 each (including a premium of Rs 152.36 per share), fully paid-up upon exercising the option available with Share warrant holders (person belonging to non-promoter category) to convert 65,20,606 warrants. These equity shares allotted on exercise of the option of the Share warrants, shall rank in all respects with the existing equity shares, including dividend, if any.
The above information is a part of company’s filings submitted to BSE.
