Board Meeting26 May 2026, 07:52 pm
Sadhana Nitro Chem: Audited Results Approved, No Dividend
AI Summary
Sadhana Nitro Chem Ltd's board meeting on May 26, 2026, approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board did not recommend a dividend for FY26. M/s. Chandrashekhar Iyer & Co and M/s. Vinay Mulay & Co were appointed as Internal Auditor and Cost Auditor, respectively, for FY27. The board noted the utilization of ₹251.95 Crores from the Rights Issue and appointed Mr. Vimal R. Jain to the Risk Management Committee.
Key Highlights
- Audited financial results for FY26 approved; audit report taken on record.
- No dividend recommended for the financial year 2025-26.
- Chandrashekhar Iyer & Co appointed as Internal Auditor for FY27.
- Vinay Mulay & Co appointed as Cost Auditor for FY27.
- Rights Issue proceeds of ₹251.95 Crores utilized as per the Letter of Offer.
Price Impact
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