Sadhana Nitro: No Deviation in Rights Issue Proceeds Use

Sadhana Nitro Chem Ltd confirms no deviation or variation in the use of proceeds raised through its Rights Issue, as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The audit committee reviewed and approved the statement confirming the proper utilization of funds. The Rights Issue, which raised ₹263.53 Crores, was completed on March 12, 2026. Acuite Ratings and Research Limited is the monitoring agency.