Sadhana Nitro Chem Ltd is engaged in manufacturing of chemical intermediates, heavy organic chemicals and performance chemicals and wireless network equipment and services.
Sadhana Nitro Chem's board approved consolidated financial results for the quarter. The company also allotted 6.75 Cr new equity shares at ₹2.06 each on a preferential basis, increasing paid-up capital to ₹303.22 Cr.
Sadhana Nitro Chem received in-principle approvals from BSE & NSE for a preferential issue of 6,75,00,000 equity shares at Re. 1 each. This move facilitates a capital raise of ₹6.75 Cr.