Last Updated on February 19, 2026 by Rajat Bhati
Sadhana Nitro Chem Rights Issue dates 27 February – 10 March 2026.
Sadhana Nitro Chem (SNCL) is a heritage-driven chemical powerhouse that has evolved from a traditional dye-intermediate manufacturer into a high-tech, multi-vertical innovator. SNCL is a key player in India’s “Make in India” initiative, specializing in the benzene-based chemistry value chain.
The company’s operational strength is anchored in its ISO-certified manufacturing facility in Roha, Maharashtra. SNCL has distinguished itself through vertical integration, moving from basic intermediates like Nitrobenzene into high-value specialty chemicals. A primary growth driver is its dominance in the production of Meta Amino Phenol (MAP), where it stands as one of the few global manufacturers, catering to the aerospace, imaging, and pharmaceutical industries.
In a significant strategic pivot toward sustainability and advanced technology, SNCL has commissioned a Green Hydrogen plant, utilizing solar and wind energy to power its captive requirements. Furthermore, the company has expanded into the Optical Brighteners (OBV) and wireless communication sectors, demonstrating a rare versatility for a chemical entity.
Promoters of Sadhana Nitro Chem – Asit Dhankumar Javeri & Manekchand Panachand Trading Investment Co Pvt Ltd
Table of Contents
Sadhana Nitro Chem Rights Issue Details
| Sadhana Nitro Chem Rights Issue Date | 27 February – 10 March 2026 |
| Sadhana Nitro Chem Rights Issue Price | INR 1 per share |
| Issue Size (in Shares) | 2,63,52,92,056 shares |
| Issue Size (in INR) | INR 263.53 crore |
| Issue Entitlement | 8 equity shares for every 1 equity shares held on the record date |
| Terms of Payment | Fully payable at the time of application |
| Sadhana Nitro Chem Rights Issue Record Date | 19 February 2026 |
| Face Value | INR 1 per share |
| Listing On | BSE, NSE |
Sadhana Nitro Chem Rights Issue Calculation
| Sadhana Nitro Chem Rights Issue Price | INR 1 per share |
| Market Price on Rights Issue Approval | INR 7.42 per share |
| Dilution Factor (X) | 9 |
| Fair Value After Dilution at Prevailing Price | INR 1.71 per share |
Sadhana Nitro Chem Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 143 | 190 | 166 |
| Expenses | 122 | 149 | 123 |
| Operating Margin (%) | 15 | 22 | 26 |
| Net Income | 3 | 4 | 8 |
| ROCE (%) | 5 | 7 | 6 |
Sadhana Nitro Chem Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To reduce and repay loans and debts – INR 219.16 crore
- To meet long term working capital requirements – INR 16.09 crore
- General corporate purposes – INR 27.00 crore
Sadhana Nitro Chem Rights Offer Documents
- Sadhana Nitro Chem Rights Issue Application Form
- Sadhana Nitro Chem Letter of Offer
- Board Meeting Outcome
- Sadhana Nitro Chem Draft Letter of Offer
- Rights Issue in 2026
Sadhana Nitro Chem Rights Issue Dates
| Rights Issue Approval Date | 29 October 2025 |
| Rights Issue Record Date | 19 February 2026 |
| Credit of Rights Entitlement | 20 February 2026 |
| Rights Issue Opening Date | 27 February 2026 |
| Last Date for Market Renunciation | 5 March 2026 |
| Rights Issue Closing Date | 10 March 2026 |
| Finalization of Basis of Allotment | 11 March 2026 |
| Rights Allotment Date | 12 March 2026 |
| Credit Date | 12 March 2026 |
| Listing Date | 13 March 2026 |
Sadhana Nitro Chem Rights Offer Registrar
MUFG INTIME (LINK INTIME) INDIA PRIVATE LIMITED
C-101, Embassy 247, LBS Marg, Surya Nagar, Gandhi Nagar,
Vikhroli (West), Mumbai-400 083, Maharashtra, India
Telephone: +91 81081 14949
Email: [email protected]
Website: www.in.mpms.mufg.com
Sadhana Nitro Chem Contact Details
SADHANA NITRO CHEM LIMITED
501 Nanavati Mahalaya, 18 Homi Mody Street,
Mumbai, Maharashtra, India, 400001
Phone: +91 22686 63300
Email: [email protected]
Website: www.sncl.com
Sadhana Nitro Chem Rights Offer FAQs
What is the Sadhana Nitro Chem Rights Issue Price?
The issue price is INR 1 per share.
What is the Sadhana Nitro Chem Rights Issue entitlement ratio?
The eligible shareholders are offered 8 Equity Shares for every 1 Equity Shares held on the record date.
What is the Sadhana Nitro Chem Rights Issue Record Date?
The Record date is 19 February 2026.
How to Apply in Sadhana Nitro Chem Rights Offer?
The best way to apply in Sadhana Nitro Chem Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.