Sadhana Nitrochem Limited — Board Meeting, 13-08-2025: Outcome of Board Meeting

Sadhana Nitro Chem's board approved the financial results for the quarter ended June 30, 2025. Executive Directors waived ~55% of their remuneration, totaling Rs. 0.69 Cr for the quarter. The company sold its wholly-owned subsidiary, Calchem Industries, for Rs. 13.00 Cr, which also included transferring its debt. This move exits a negative net-worth entity. The board also accepted CFO Rakesh Kothari's resignation (effective August 14) and appointed Mr. Vimal Jain as President Operations and Finance and Mr. Jayesh Shah as VP Operations and Finance. Funds from the Right Issue show no deviation in utilization.