Sadhana Nitrochem logo

Sadhana Nitrochem MD, chairman, board of directors and AGM

NSE: SADHNANIQBSE: 506642Chemicals & PetrochemicalsSmall Cap

Last close ₹1.94down ₹0.10 (4.90%)BSE ₹1.95

Share price at the NSE close on 23 Oct 2026. Previous close ₹2.04.

Market cap
₹588 Cr1,823rd largest listed
P/E
Lossover the last 12 months
P/B
1.3
Dividend yield
Nonein the last 12 months
ROE
−23.1%
ROCE
−12.0%
Debt to equity
0.24
Volume, NSE
50,85,45854.1% delivered

Sadhana Nitrochem board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonASIT DHANKUMAR JAVERI
  • Managing directorABHISHEK ASIT JAVERI

8 directors4 independent3 executive1 non-executive

  • ASIT DHANKUMAR JAVERI · ChairpersonExecutive · joined Dec 1984 · reappointed May 2024 · 1 listed board
  • ABHISHEK ASIT JAVERI · Managing directorExecutive · joined Jan 2007 · reappointed May 2024 · 1 listed board
  • SEEMA ASIT JAVERIExecutive · joined Feb 2014 · reappointed May 2024 · 1 listed board
  • PRIYAM SHANTILAL JHAVERINon-executive · joined Sep 2014 · reappointed Sep 2024 · 2 listed boards · 1 as independent · 2 committee seats
  • MUKUL SUNILKUMAR MEHRAIndependent · joined Sep 2024 · reappointed Sep 2024 · 24 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • NAYAN MOHANBHAI PATELIndependent · joined Sep 2024 · reappointed Sep 2024 · 24 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • TEJ MAYUR CONTRACTORIndependent · joined Oct 2025 · reappointed Oct 2025 · 11 months as independent · 2 listed boards · 2 as independent · 3 committee seats
  • SINDHU SUNEER KOTIANIndependent · joined Mar 2026 · reappointed Mar 2026 · 6 months as independent · 1 listed board · 1 as independent

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • AYESHA SUNIL PATEL, left 6 Dec 2025: Tenure Completion
  • UDAY KRISHNA LAUD, left 7 Jul 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 7 Aug 20267 of 8 present4 independent · 72 days in between
    • 26 May 20265 of 8 present3 independent · 26 days in between
    • 29 Apr 20267 of 8 present3 independent

  • Audit Committee

    Chair MUKUL SUNILKUMAR MEHRA

    NAYAN MOHANBHAI PATEL, TEJ MAYUR CONTRACTOR

    • 7 Aug 20263 of 3 present3 independent · 72 days in between
    • 26 May 20262 of 3 present2 independent · 26 days in between
    • 29 Apr 20262 of 3 present2 independent

  • Nomination and remuneration committee

    Chair MUKUL SUNILKUMAR MEHRA

    NAYAN MOHANBHAI PATEL, TEJ MAYUR CONTRACTOR

    • 7 Aug 20263 of 3 present3 independent · 72 days in between
    • 26 May 20262 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair MUKUL SUNILKUMAR MEHRA

    NAYAN MOHANBHAI PATEL, TEJ MAYUR CONTRACTOR

    • 26 May 20262 of 3 present2 independent

  • Risk Management Committee

    Chair ASIT DHANKUMAR JAVERI

    ABHISHEK ASIT JAVERI, NITIN JANI, MUKUL SUNILKUMAR MEHRA, VIMAL JAIN

    • 26 May 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair ASIT DHANKUMAR JAVERI

    ABHISHEK ASIT JAVERI, MUKUL SUNILKUMAR MEHRA, TEJ MAYUR CONTRACTOR

    • 26 May 20264 of 4 present2 independent

  • Internal Complaints Committee for Prevention and Prohibition of Sexual Harassmen

    Chair SEEMA ASIT JAVERI

    S. M. RAO, MAMTA JATIN SHAH, V. N. BEDEKAR, R. M. GANDHI

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Jayesh Dadia & Associates LLPPeer-review certificate valid to Apr 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Sadhana Nitrochem AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Sadhana Nitrochem dividend history

Annual general meeting, 30 Sep 2026

79,356 shareholders on the register on 23 Sep 2026; present: 5 promoters and 34 others; votes counted by HETAL DOSHI / HETAL DOSHI & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statement
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.37%

    Turnout: all 61.05% · promoters 100.00% · institutions 0.00% · other public 3.71%

  2. Appointment of Mrs. Seema A. Javeri (DIN: 01768936) as a director who is liable to retire by rotation and being eligible, offers herself for re-appointment.
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.44%

    Turnout: all 61.05% · promoters 100.00% · institutions 0.00% · other public 3.71%

  3. Ratification of remuneration of Cost Auditors
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.40%

    Turnout: all 61.05% · promoters 100.00% · institutions 0.00% · other public 3.71%

  4. To re-appoint Mr. Asit D. Javeri (DIN: 00268114) as an Executive Chairman of the Company
    SpecialPromoters have an interest in it
    98.43% for1.57% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.43%

    Turnout: all 3.27% · promoters 2.98% · institutions 0.00% · other public 3.71%

  5. To re-appoint Mr. Abhishek A. Javeri (DIN: 00273030) as the Managing Director of the Company
    SpecialPromoters have an interest in it
    98.40% for1.60% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.50%

    Turnout: all 3.27% · promoters 2.98% · institutions 0.00% · other public 3.71%

  6. To re-appoint Mrs. Seema A. Javeri (DIN: 01768936) as an Executive Director (Administration) of the Company
    SpecialPromoters have an interest in it
    98.46% for1.54% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.37%

    Turnout: all 3.27% · promoters 2.98% · institutions 0.00% · other public 3.71%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 22 May 2026, 4 resolutions

77,119 shareholders on the register on 15 May 2026; present: 6 promoters and 36 others; votes counted by HETAL DOSHI / HETAL DOSHI & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Increase in Authorised Share Capital and consequent Alteration of Memorandum of Association
    Ordinary
    99.73% for0.27% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.77%

    Turnout: all 62.63% · promoters 100.00% · institutions 0.00% · other public 4.43%

  2. Appointment of Mrs. Sindhu Suneer Kotian (DIN: 08918862) as Non – Executive Independent Director of the Company
    Special
    99.73% for0.27% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.97%

    Turnout: all 62.63% · promoters 100.00% · institutions 0.00% · other public 4.42%

  3. Continuation of Mr. Asit Dhankumar Javeri (DIN: 00268114) as Executive Director of the Company Beyond the Age of 70 Years
    SpecialPromoters have an interest in it
    88.69% for11.31% against

    Against: promoters 0.00% · institutions 0.00% · other public 11.85%

    Turnout: all 1.81% · promoters 0.14% · institutions 0.00% · other public 4.42%

  4. Issuance of equity shares to private investors by way of preferential allotment (“Preferential Allotment”) covered under Chapter V: Regulation 158 – 170 of SEBI (ICDR) Regulation, 2018:
    Special
    99.78% for0.22% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.86%

    Turnout: all 62.63% · promoters 100.00% · institutions 0.00% · other public 4.42%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 15 Jan 2026, 1 resolution

66,386 shareholders on the register on 12 Dec 2025; votes counted by HETAL DOSHI / HETAL DOSHI & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Tej Mayur Contractor (DIN: 00454197) as Non – Executive Independent Director of the Company
    Special
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.04%

    Turnout: all 30.79% · promoters 99.59% · institutions 0.00% · other public 1.35%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 29 Oct 2025, 1 resolution

64,515 shareholders on the register on 22 Oct 2025; present: 7 promoters and 29 others; votes counted by HETAL DOSHI / HETAL DOSHI & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Increase in Authorised Share Capital and consequent Alteration of Memorandum of Association
    Ordinary
    98.09% for1.91% against

    Against: promoters 0.00% · institutions 0.00% · other public 37.54%

    Turnout: all 26.50% · promoters 93.28% · institutions 0.00% · other public 1.84%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2025, 8 resolutions

32,94,11,057 shareholders on the register on 22 Sep 2025; present: 7 promoters and 40 others; votes counted by HETAL DOSHI / HETAL DOSHI & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statement
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.42%

    Turnout: all 26.46% · promoters 93.93% · institutions 0.00% · other public 1.53%

  2. Declaration of Final Dividend
    OrdinaryNot passed
    1.36% for98.64% against

    Against: promoters 100.00% · institutions 0.00% · other public 67.46%

    Turnout: all 26.46% · promoters 93.93% · institutions 0.00% · other public 1.53%

  3. Appointment of Mr. Asit A. Javeri (DIN: 00268114) as a director who is liable to retires by rotation and being eligible, offers himself for reappointment.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.51%

    Turnout: all 26.46% · promoters 93.93% · institutions 0.00% · other public 1.53%

  4. Ratification of remuneration of Cost Auditors
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.45%

    Turnout: all 26.46% · promoters 93.93% · institutions 0.00% · other public 1.53%

  5. Appointment of Secretarial Auditor of the Company
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.43%

    Turnout: all 26.46% · promoters 93.93% · institutions 0.00% · other public 1.53%

  6. Increase in Authorised Share Capital and consequent Alteration of Memorandum of Association
    Ordinary
    99.73% for0.27% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.12%

    Turnout: all 26.51% · promoters 93.93% · institutions 0.00% · other public 1.60%

  7. Enhance the Existing Borrowing Limit of the Company under Section 180(1)(c) of the Companies Act, 2013
    Special
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.61%

    Turnout: all 26.46% · promoters 93.93% · institutions 0.00% · other public 1.53%

  8. Create Charge/Mortgage/Hypothecation on the Company's Assets under Section 180(1)( a) of the Act.
    Special
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.60%

    Turnout: all 26.46% · promoters 93.93% · institutions 0.00% · other public 1.53%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 17 Jan 2025, 3 resolutions

52,040 shareholders on the register on 13 Dec 2024; votes counted by CS Hetal Doshi / Hetal Doshi & Associates.The company's voting result (opens in a new tab)

  1. Ratification of transactions entered into between the Company and Shri. Asit D. Javeri (Executive Chairman), Shri. Abhishek A. Javeri (Managing Director) and Manekchand Panachand Trading Investment Co. Pvt. Ltd. (Holding Company)MoreLess
    OrdinaryPromoters have an interest in it
    98.97% for1.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.03%

    Turnout: all 1.00% · promoters 0.00% · institutions 0.00% · other public 2.99%

  2. Approval of Material Related Party Transactions of the Company
    OrdinaryPromoters have an interest in it
    99.41% for0.59% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.59%

    Turnout: all 1.00% · promoters 0.00% · institutions 0.00% · other public 2.99%

  3. Appointment of Mr. Uday Krishna Laud (DIN: 10829837) as Non-Executive Independent Director of the Company
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.69%

    Turnout: all 58.54% · promoters 86.22% · institutions 0.00% · other public 2.99%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 25 Sep 2024, 6 resolutions

Present: 34 promoters and 7 others.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statement.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 59.81% · promoters 89.47% · institutions 0.00% · other public 3.56%

  2. Declaration of Final Dividend
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 59.81% · promoters 89.47% · institutions 0.00% · other public 3.56%

  3. Appointment of Mr. Abhishek A. Javeri (DIN:00273030) as a director who is liable to retires by rotation and being eligible, offers himself for reappointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 59.81% · promoters 89.47% · institutions 0.00% · other public 3.56%

  4. Re-appointment of M/s. Jayesh Dadia & Associates LLP (Firm Registration No.121142W/W100122), Chartered Accountants as StatutorynAuditors of the Company for a second term of five years
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 59.81% · promoters 89.47% · institutions 0.00% · other public 3.56%

  5. Re-Appointment of Mr. Priyam Shantilal Jhaveri from Non-Executive Independent Director to Non-Executive Non-Independent Director of thenCompany
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 59.81% · promoters 89.47% · institutions 0.00% · other public 3.56%

  6. Ratification of remuneration of Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 59.81% · promoters 89.47% · institutions 0.00% · other public 3.56%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 5 Sep 2024, 3 resolutions

The company's voting result (opens in a new tab)

  1. Ratification of transaction entered into between the Company and Shri Asit D Javeri (Director), Shri Abhishek A Javeri (Director) and Manekchand Panachand Trading Investment Co. Pvt. Ltd. (Holding Company)MoreLess
    OrdinaryPromoters have an interest in it
    99.02% for0.98% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.98%

    Turnout: all 0.84% · promoters 0.00% · institutions 0.00% · other public 2.43%

  2. Appointment of Mr. Mukul Sunilkumar Mehra (DIN: 01542984) as Non-Executive Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.17%

    Turnout: all 62.49% · promoters 93.47% · institutions 0.00% · other public 3.72%

  3. Appointment of Mr. Nayan Mohanbhai Patel (DIN: 00196727) as Non-Executive Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 62.49% · promoters 93.47% · institutions 0.00% · other public 3.72%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Rights IssuesMar 2026, checked by Acuite Ratings and Research Limited263.53Inter-Corporate Deposit131.98131.98No
Rights IssuesMar 2026, checked by Acuite Ratings and Research Limited263.53Promoters Loan81.0081.00No
Rights IssuesMar 2026, checked by Acuite Ratings and Research Limited263.53Term Loan6.186.18No
Rights IssuesMar 2026, checked by Acuite Ratings and Research Limited263.53Long-Term Working Capital16.0916.09No
Rights IssuesMar 2026, checked by Acuite Ratings and Research Limited263.53General Corporate Purposes27.0027.00No
Rights IssuesMar 2026, checked by Acuite Ratings and Research Limited263.53Issue Related Expenses1.281.28No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.