Sadhana Nitro Chem: No Deviation in Rights Issue Fund Utilization

Sadhana Nitro Chem Ltd has submitted its second Monitoring Agency Report for the quarter ended June 30, 2026, concerning the utilization of proceeds from its Rights Issue. The report, issued by Acuite Ratings and Research Limited, confirms that there has been no deviation or variation in the utilization of funds as per the disclosures in the Offer Document. The company's Audit Committee has reviewed the report. The Rights Issue, which closed on March 10, 2026, had an issue size of ₹263.53 Crores. The company also confirmed that utilization is in line with the objects of the issue and no shareholder approval was required due to the absence of material deviations.