At the Extraordinary General Meeting held by Sadhana Nitro Chem Ltd on May 22, 2026, significant decisions were made through virtual communication. The company approved enhancements to its authorized share capital, appointed new directors, and agreed to issue equity shares via a preferential allotment process.

Sadhana Nitro Chem has announced a floor price of ₹2.03 for its preferential allotment, as per SEBI guidelines. The allotment price stands at ₹2.06 and the company has disclosed updates regarding shareholding for investors.

Sadhana Nitro Chem will hold an Extraordinary General Meeting (EGM) on May 22, 2026, where proposals for increasing the share capital, adding a new director, and allotting approximately INR 6.75 crore worth of shares are on the agenda.