Sadhana Nitrochem Limited — Important, 08-11-2024: General Updates

Sadhana Nitro Chem Ltd. has received approval from the National Company Law Tribunal for its Resolution Plan to acquire 100% of Calchem Industries (India) Limited. The acquisition, which will be completed by January 27, 2025, involves a cash payment of Rs. 9.50 Crores. This strategic acquisition aligns with SNCL's growth objectives, as Calchem's facility is located near SNCL’s existing operations. Calchem has been inactive for over three years, with no reported turnover.