Sadhana Nitro Chem Ltd. - Quarterly/Annual Result Disclosures and Notes dated 30 Sep 2024

1) These unaudited standalone financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 13th November 2024. These unaudited standalone financial results have been prepared in accordance with the Indian Accounting Standards ("Ind-AS") as specified under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 (as amended from time to time) and the provisions of the Companies Act, 2013.

2) The above unaudited standalone financial results for the quarter and half year ended 30th September,2024 are reviewed by the Statutory Auditors of the Company, under Regulation 33 of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. An unmodified limited review report was issued by them thereon.


3) The company is primarily engaged in one business segment i.e. manufacturing of chemical intermediates, heavy organic chemicals and performance chemicals and it is primary segment. The company is also engaged in the manufacture of wireless network equipment & related Software development. However, since the revenue, profits & total assets of this segment is less than 10% of the combined revenue, profits & assets of all the reporting segments, disclosures as required by Ind-As 108, ‘Operating Segments’ are not given.

4) The Board of Directors had proposed a dividend of Rs 0.15 per equity share(15%) for Financial Year 2023-24 which was approved by the members at their meeting held on 25th September,2024. Consequently, the Company has made the payment of the same to the shareholders eligible as on the record date.


5) Pursuant to the Rights Issue on 11th October, 2024, the Company had issued and allotted 8,23,52,605 fully paid-up Equity Shares at an issue price of Rs. 6.06 per Equity Share (including a premium of Rs. 5.06 per Equity Share) to eligible equity shareholders in the ratio of 1 Right equity shares for every 3 Fully paid up equity shares held. Consequently, the paid-up equity share capital of the Company will increase from Rs. 24,70,58,452 to Rs. 32,94,11,057 by addition of 8,23,52,605 equity shares and Securities Premium Account will increase by Rs. 41,67,04,181.


6) Previous period figures have been regrouped /reclassified, wherever necessary to conform to current period classification.

7) The above is an extract of the detailed format of the financial results for the Quarter and half year Ended 30th September 2024 filed with Stock Exchange, under Regulation 33 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations,2015 (‘(Results’). The complete format of the results is available on www.bseindia.com, www.nseindia.com and on the Company’s website at www.sncl.com.