Sadhana Nitrochem Limited — Others, 05-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Sadhana Nitrochem has announced a board meeting to consider the financial results for the quarter and half-year. The company confirmed there has been no deviation in the use of proceeds from its Rs.49.91 Cr Rights Issue, with Rs.20.39 Cr utilized for acquiring a 126-acre land parcel and related expenses. The Audit Committee and auditors reviewed the fund utilization with no concerns, highlighting disciplined capital allocation that supports the company’s expansion and offers shareholders clarity on investment progress.