Sadhana Nitro Chem Ltd approves allotment of 65,20,606 Equity shares

The Finance and Admin Committee of the Sadhana Nitro Chem Limited in its meeting held today, 03rd March, 2023 which commenced at 3:00 P.M. and concluded at 3:30 P.M., has considered and approved the Allotment of 65,20,606 Equity shares of the face value of Rs. 1 per share at an issue price of Rs. 153.36 each (including a premium of Rs. 152.36 per share), fully paid-up upon exercising the option available with Share warrant holders (person belonging to non-promoter category) to convert 65,20,606 warrants.

These equity shares allotted on exercise of the option of the Share warrants, shall rank pari passu in all respects with the existing equity shares, including dividend, if any.

Shares of SADHANA NITROCHEM LTD. was last trading in BSE at Rs. 120.85 as compared to the previous close of Rs. 121.00. The total number of shares traded during the day was 87291 in over 313 trades.

The stock hit an intraday high of Rs. 121.60 and intraday low of 118.50. The net turnover during the day was Rs. 10534490.00.

Source : Equity Bulls

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SADHANANITROCHEM INE888C01040 SharesAllotment WarrantsConversion