Integrated Filing — IndAS



General information about company

Scrip Code 506642
NSE Symbol SADHNANIQ
MSEI Symbol NOTLISTED
ISIN INE888C01040
Name of company Sadhana Nitrochem Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 26-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 19-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Manufacturing of Chemical intermediates, heavy organic chemicals and performance chemicals
Start date and time of board meeting 26-05-2026   17:10:00
End date and time of board meeting 26-05-2026   17:35:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 911.00 4,967.00
Other income 334.00 855.00
Total income 1,245.00 5,822.00
2 Expenses
(a) Cost of materials consumed 595.00 1,710.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 737.00 3,872.00
(d) Employee benefit expense 519.00 1,990.00
(e) Finance costs 1,072.00 2,645.00
(f) Depreciation, depletion and amortisation expense 413.00 1,633.00
(f) Other Expenses
1 Other Expenses 1,342.00 2,700.00
Total other expenses 1,342.00 2,700.00
Total expenses 4,678.00 14,550.00
3 Total profit before exceptional items and tax (3,433.00) (8,728.00)
4 Exceptional items 0.00 0.00
5 Total profit before tax (3,433.00) (8,728.00)
6 Tax expense
7 Current tax 0.00 0.00
8 Deferred tax (71.00) (86.00)
9 Total tax expenses (71.00) (86.00)
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations (3,362.00) (8,642.00)
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period (3,362.00) (8,642.00)
17 Other comprehensive income net of taxes 9.00 (4.00)
18 Total Comprehensive Income for the period (3,353.00) (8,646.00)
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 0.00 0.00
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 0.00 0.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 29,647.00 29,647.00
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve 15,790.00
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.78 -2.01
Diluted earnings (loss) per share from continuing operations -0.78 -2.01
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -0.78 -2.01
Diluted earnings (loss) per share from continuing and discontinued operations -0.78 -2.01
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1) The aboveAuditedconsolidated financial resultswere reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 26, 2026. These audited consolidated financial results have been prepared in accordance with the Indian Accounting Standards (Ind-AS) as specified under Section 133 of the Companies Act, 2013 read with rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 (as amended from time to time) and the provisions of the Companies Act, 2013 and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. 2) These audited consolidated financial results for thequarter &year ended March 31, 2026 are auditedby the Statutory Auditors of the Company, under regulation 33 of Securities & exchange Board of India (Listing obligation and disclosure requirements) regulation, 2015, as amended. An unmodified report was issued by them thereon. 3) The above results comprise the results of Sadhana Nitro Chem Limited (Parent Company) and Anuchem B.V.B.A, Belgium wholly owned subsidiary: 4) The Group is primarily engaged in one business segment i.e. manufacturing of chemical intermediates, heavy organic chemicals and performance chemicalswhichisit’s primary segment.The Group is also engaged in the manufacture of wireless network equipment & related Software development. However, since the revenue, profits & total assets of this segment is less than 10% of the combined revenue, profits & assets of all the reporting segments, disclosures as required by Ind-As 108, ‘Operating Segments’ are not given. 5) The Holding Company had issued and allotted 2,63,52,83,328fully paid-up Equity Shares at an issue price of Rs 1 per Equity Share to eligible equity shareholders in the ratio of 8 Right equity shares for every 1 Fully paid up equity shares held, pursuant to the Rights Issue. Accordingly, the paid-up equity share capital of the Company has been increased form Rs. 32,94,11,057 to Rs. 2,96,46,94,385by addition of 2,63,52,83,328 fully paid-up equity shares. 6) The figures for the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between the audited figures in respect of the full financial year and unaudited published figures for the nine-month period ended December 31, 2025& December 31, 2024 respectively. Also, the figures for these nine-month period had only been reviewed and not subjected to audit. 7) During the quarter & Year ended March 31, 2026 the Group recorded a higher-than-usual loss. This outcome is attributable to two primary factors: a. Temporary Reduction in Operational Throughput Though the operations have shown a declining trend during quarter compared to the previous quarter, as explained during the previous quarter the Company experiencedconstraints in its production facilities& liquidity challenges during last and current quarter, which has since been overcome as the much required working capital funds have been infused into the operations of the company in the second week of March’26, the operations have since recovered, in second half of the month of March’26. b. Lower Export Offtake in Key Markets Due to West Asian Crises: The Exports of the products of the Group has suffered during the quarter and specially during the month of March’26, due to West Asian crises.This delayed the export dispatches of the products exported by thegroup. This was preceded by the tariff-related developments affecting the United States which had created uncertainty around the import of finished goods into the American and European markets during the third quarter of the financial year. Though export orders have been received during the month of February and March’26, due to constraints on the availability of containers and timely arrival of ship(s), the exports got delayed in the month of March’26. The exports have started picking up from April’26 onwards. The situation though is volatile due to West Asian Crises the Holding Company is able to work around to export its products. These factors collectively& negatively affected the financial performance for the year. The Group expects improvements in subsequent periods as operational stability returns and wider market conditions become more predictable. 8) On November 21, 2025, the Government of India notified provisions of the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 (Labour Codes), which consolidate twenty-nine existing labour laws into a unified framework governing employee benefits during employment and post-employment. The Labour Codes, amongst other things, introduced changes including a uniform definition of wages and enhanced benefits relating to leave. The Holding Company has assessed the financial implications of these changes, which has resulted in an increase in gratuity& leave liability arising out of past service cost by Rs.34.12 lakhs. The Holding Company has accounted for the impact of changes in Labour code in its accounts for the year ended March’26, pertaining to employee benefits 9) Previous period figures have been regrouped /reclassified, wherever necessary to conform to current period classification. 10) The above is an extract of the detailed format of the resultsfor thequarter andyear endedMarch 31, 2026 filed with Stock Exchange, under Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations,2015 (‘(Results’). The complete format of the results is available on www.bseindia.com, www.nseindia.com and on the company’s website at www.sncl.com.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 16,079.00
Capital work-in-progress 7,826.00
Investment property 0.00
Goodwill 0.00
Other intangible assets 0.00
Intangible assets under development 219.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 0.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Other Financial Assets 272.00
Total of other non-current financial assets 272.00
Total non-current financial assets 272.00
Deferred tax assets (net)
Other non-current assets
1 Other non current assets 14,885.00
Total of other non-current assets 14,885.00
Total non-current assets 39,281.00
2 Current assets
Inventories 9,805.00
Current financial asset
Current investments 0.00
Trade receivables, current 13,290.00
Cash and cash equivalents 1,377.00
Bank balance other than cash and cash equivalents 449.00
Loans, current 20.00
Other current financial assets
Total of other current financial assets 661.00
Total current financial assets 15,797.00
Current tax assets (net) 0.00
Other current assets
1 Other Current Assets 888.00
Total of other current assets 888.00
Total current assets 26,490.00
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 65,771.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 29,647.00
Other equity 15,790.00
Total equity attributable to owners of parent 45,437.00
Non controlling interest 0.00
Total equity 45,437.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 4,416.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Lease Liabilities 173.00
Total of other non-current financial liabilities 173.00
Total non-current financial liabilities 4,589.00
Provisions, non-current 500.00
Deferred tax liabilities (net) 565.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 5,654.00
Current liabilities
Current financial liabilities
Borrowings, current 6,447.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 286.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 4,516.00
Total Trade payable 4,802.00
Other current financial liabilities
1 Lease Liabilities 302.00
2 Other Financial Liabilities 1,823.00
Total of other current financial liabilities 2,125.00
Total current financial liabilities 13,374.00
Other current liabilities 1,089.00
1 Other current liabilities 1,089.00
Total of other current liabilities 1,089.00
Provisions, current 184.00
Current tax liabilities (Net) 33.00
Deferred government grants, Current 0.00
Total current liabilities 14,680.00
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 20,334.00
Total equity and liabilites 65,771.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of defined benefit plan 9.00 (4.00)
Total Amount of items that will not be reclassified to profit and loss 9.00 (4.00)
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income 9.00 (4.00)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax (8,728.00)
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0.00
Adjustments for decrease (increase) in inventories 3,727.00
Adjustments for decrease (increase) in trade receivables, current (1,146.00)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current (760.00)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (54.00)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 1,633.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 59.00
Adjustments for provisions, non-current 11.00
Adjustments for other financial liabilities, current (163.00)
Adjustments for other financial liabilities, non-current 189.00
Adjustments for unrealised foreign exchange losses gains (177.00)
Adjustments for dividend income 0.00
Adjustments for interest income 0.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 347.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 3,666.00
Net cash flows from (used in) operations (5,062.00)
Dividends received 0.00
Interest paid (2,447.00)
Interest received (51.00)
Income taxes paid (refund) 195.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities (2,861.00)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 6,394.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 829.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 106.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 859.00
Net cash flows from (used in) investing activities (4,600.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 26,353.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 12,207.00
Payments of lease liabilities 405.00
Dividends paid 0.00
Interest paid 4,133.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (338.00)
Net cash flows from (used in) financing activities 9,270.00
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 1,809.00
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 1,809.00
Cash and cash equivalents cash flow statement at beginning of period (5,546.00)
Cash and cash equivalents cash flow statement at end of period (3,737.00)





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Jayesh Dadia & Associates LLP Yes 30-04-2028