Sadhana Nitrochem Ltd. — Annual Report 2021

Jun 9, 2021

SADHANA NITRO CHEM LIMITED

CIN : L24110MH1973PLC016698

om 10, Bruce Street, 1st Floor, 8/12 Homi Mody Street, Fort, Mumbai ⁴⁰⁰⁰⁰¹ Tel.: 022-68663300, Email: sadhananitro@sncl.com, Website: www.sncl.com

June 09, 2021

To Bombay Stock Exchange Limited Ist Floor, P.J. Towers, Dalal Street, Mumbai — 400001

Scrip Code: 506642

Subject: Outcome of Board meeting held today i.e. June 09, 2021 under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dear Sir/Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 read with Circular (Ref No. CIR/CFD/F AC/6212016 dated July 05, 2016 we hereby inform you that the Board of Directors of Sadhana Nitro Chem limited ("the Company") at their meeting held on June 09, 2021 at 10, Bruce Street, 1s' Floor, 8/12, Sir Homi Modi Street, Fort, Mumbai-400001 by means of Video conferencing, inter-alia transacted the following items of business:

• 1, Considered and approved Audited Standalone & Consolidated Financial Results of the Company for the quarter and year ended March 31, 2021 and took on record the Audit Report given by Statutory Auditor of the Company in this behalf. A copy of same is enclosed herewith as Annexure-A
• 1. Considered and approved the proposal for issuance of bonus shares and fixation, of Record date. Details enclosed in Annexure-B
• 1. Considered and approved convening of Extra Ordinary General Meeting ("EGM') on July 09, 2021.
• 1. Declaration from the CFO/CEO regarding unmodified opinion in the Audit Report issued by the statutory auditor of the Company on Standalone and Consolidated financial results; A Copy of the Same is enclosed herewith as Annexure- C
• 1. Appointed M/s.Chandrashekhar lyer & Co, (Firm Registration Number 114260W) as the Internal Auditor of the Company for the Financial Year 2021-22 to conduct the Internal Audit of the Company. Details enclosed in Annexure-D

Registered Office : Hira Baug, ist Floor, Kasturba Chowk (C.P Tank), Mumbai - 400 004, INDIA Factory : 47, MIDC, Roha - 402 116, Dist. Raigad, Maharashtra. Tal.: Dhatav-02194-263801/02/03, 263525 A.

1. Appointed M/s. VinayMulay& Co, Cost Accountants, as Cost Auditor of the Company for the Financial Year 2021-22 to conduct the Cost Audit of the Company. Details enclosed in Annexure-E

-cop The meeting commenced aif concluded at &ispe

Kindly take the same on your records

FOR SADHANA NITROCHEM LIMITED

" <—

NitinRameshchandraJani Company Secretary MembershipNo.; A4757 Address: - Plot No. 177, Room No.16, Jawahar Nagar Road No.2, Goregaon (West) Mumbai — 400062

SADHANA NITRO CHEM LIMITED (CIN NO. 124100MH1973PLC016698) ANNEAUR

STATEMENT OF AUDITED STANDALONE FINANCIAL RESULT. FOR THE QUARTER & YEAR ENDED MARCH 31, ²⁰²⁴

	SADHANA NITRO CHEM LIMITED	(CIN NO. 124100MH1973PLC016698)			ANNEAUR
Regd. Office : Hira Baug, 1ST Floor, Kasturba Chowk (C.P. Tank), Mumbai - 400 004 ac Tel. No. 022-23865629, Fax: 022-23887235, €-mail: sadhananitro@snel.com, website: www sncl.com
STATEMENT OF AUDITED STANDALONE FINANCIAL RESULT. FOR THE QUARTER & YEAR ENDED MARCH 31,				2024
			STANDALONE		(Rs. In Lakh)
Particulars	31.03.21	QUARTER ENDED 31.12.20		YEAR ENDED
	3 Months	3 Months	31.03.20 3 Months	31.03.21 12 Months	31.03.20 12 Months
1 [income a) Revenue From Operation	Audited	Unaudited	Audited	Audited	Audited
b) Other Income Total Income	2,699 27	2,640 194	2,631 62	9,007 422	12,035 231
2 [Expenses a) Cost of materials consumed	2,726	2,834	2,693	9,429	12,266
b) Changes in inventories of finished goods, Work in Progress and Stock in trade	1,744	1,779	981	5,342	3,919
c) Excise Duty d) Employees benefits expense	(1,380) -	(387) -	289 -	(1,956) -	14 5
e) Depreciation and amortisation expenses f) Finance Cost	404 142	398 146	225 148	1552 575	1,529 526
g} Other expenses Total expenses	iil 802	72 682	75 938	341 2,280	281 2,880
3 Profit/(Loss) before Tax and exceptional items {1+ 2)	1,823	2,690	2,656	§,134	9,149
4 Exceptional tems 5 [Profit/(Loss) before Tax (3+4)	903 - 903	144 -	37 -	1,295 >	3,117 -
6 Add / (Less) Tax Expenses (a) Current Tax / Mat	* 212	144	37	1,295	3,117
(b) Mat Credit Entitlement (c) Deferred Tax (Liabilities) / Assets	- {33}	43 - AL	161 (195)	286 =	849 (195)
Total Tax Expenses 7 [Net Profit After Tax (5-6)	179 724	84 60	(167) (201)	(13) 273	114 768
8 [Other Comprehensive income/(loss) (a) Re-measurement on Defined benefit plans	- 4	= -	238 - 6	1,022	2,349
(b) Income Tax Effect on above (c JExchange differences in translating financial				6	(9)
statements of a foreign operation (d) Change in Fair Value of Current Assets
regrouped at FV to OCI (Net of Tax) Total Other Comprehensive Income	(1) 3	: -	18 24	15 21	18
9 [Total Comprehensive Income 10) Proifit Attributable to	727	60	262	1,043	9 2,358
owners of the company Non controlling Interest
11 [Total Comprehensive Income Attributable to owners of the company	-	-	-	-	-
Non controlling Interest 12 Paid up Equity Share Capital CY. FV Rs.1/- per share
13 {Earning per Share Basic	1,397 +	1,397 *	1,397 ®	1,397	1,397 =
Diluted * Per Equity Share of FV Rs. 1/- each	0.52 0.52	0.04 0.04	0.17 0.17	0.73 0.73	2.52 2.52
			For Sadhana Nitro Chem Limited

Place ; Mumbai Abhish@k'Asit Javeri Date : 09th June 2021 Managing Director & CFO DIN : 00273030

SADHANA NITRO CHEM LIMITED Cod (CIN NO. L24100MH1973PLC016698) ANNEXURE- A

Cod SADHANA NITRO CHEM LIMITED (CIN NO. L24100MH1973PLC016698)		ANNEXURE-
=a Regd. Office ; Hira Baug, 1ST Floor, Kasturba Chowk (C.P. Tank), Mumbai - 400 004 Tel. No. 022-23865629, Fax: 022-23887235, E-mail: sadhananitro@sncl.com, website: www.snel.com
STATEMENT OF AUDITED STANDALONE ASSETS & LIABILITIES AS AT MARCH 31, 2021		[(Rs in Lakhs)
PARTICULARS	STANDALONE YEAR ENDED YEAR ENDED AUDITED	AUDITED
A. Assets 1. Non Current Assets	31.03.21	31.03.20
(a) Goodwill on Consolidation (b) Property, Plant and Equipment	- 7.014	= 7,563
(c) Capital work-in-progress (d) Intangible Assets	2,268	1,503
(e) Financial Assets Investments (i) (i) Loans	8 894	8 685
(ili) Other financial assets. (2) Income Tax Asset (net)	2 -
(f) Deferred Tax Asset (net) (g) Other non current assets	- 2,049	- 423
Sub Total (1} 2. Current assets	12,230	10,182
(a) Inventories (b) Financial Assets Current Investment	5,943	4,032
(i) (ii) Trade Receivables (iii) Gash and Cash Equivalents	639 5,832 1,086	551 5,152 42
(iv) Bank Balances other than {ii) above (v) Loans	20 11	22 3
(vi) Other Financial Assets (c) Other Current Assets	510 1,168	508 1,342
Sub Total (2)	15,209	11,652
Total (1)+(2) EQUITY AND LIABILITIES	27,439	21,834
Equity (a) Equity Share capital	1,397	932
(b) Other Equity Sub Total (4)	11,934 13,331	11,356 12,288
LIABILITIES Non-current liabilities
(a) Financial Liabilities (i) Borrowings (ii) Other financial liabilities	2,801	206
(b) Provisions (c) Deferred Tax Liabilities(Net)	= 244 292	- 396 282
(d) Other non-current liabilities Sub Total (2)	406 3,743	453 1,342
Current liabilities (a) Financial Liabilities
Borrowings (i) }(li) Trade payables	5,228	4,350
(a) Due to micro & small enterprises (b) Due to other than micro & small enterprises (iii) Other financial liabilities	7A 2,460 866	44 2,083 \$58
(b) Provisions (c) Income Tax Liabilities (Net)	387 551	246 322
(d) Other current liabilities Sub Total (3)	802 10,365	601 8,204
Total (1)+(2)+(3)	27,439	21,834
	For Sadhang Nitro Chem Ltd.
	Abhishek Asit Javeri
	Managing Director & CFO

SADHANA NITRO CHEM LIMITED tag (CIN NO. L24400MH1973PLC04 6698)

ANNEXURE-	A

tag SADHANA NITRO CHEM LIMITED
aa (CIN NO. L24400MH1973PLC04 6698) Regd. Office : Hira Baug, 1ST Floor, Kasturba Chowk (C.P. Tank), Mumbai - 400 004
Tel, No, 022-23865629, Fax: 022-23887295, E-mail: sadhananilro@sncl.com, website: www-sncl.com STATEMENT OF AUDITED STANDALONE CASH FLOW STATEMENT AS AT MARCH 31, 2024
	Year Ended		Year Ended	(Rs in Lakhs)
cipal mama A, Cash flow from operating activities	34/03/2021		34/03/2020
Profit before tax Adjustments for,		1,295		3418
Depreciation and amorlisalion expenses: Interest on Lease Liabilty	575. 40)		525 oO
Interest Expenses Interest received	300 14)		281 (95)
Unrealised Foreign Exchange (Gain)/Loss (Gein)/Loss on Fair Valuation of Forward Contract	(5) (60)		a 59
Profit on Sale of Fixed Assets Sundry Balances writtan back	{40)) (149)		0
Reversal of ESOP Expenses Provision for Doubtful Debts	0 1		(5) (a7) 8
Notional Interest & Rent on Deposites (Gain)/Loss on Fair Valuation of Lease Liablily	0		0
(Gain}/Loss on Fair Valuation of Investment	(25) o	522)	0 (13)	663
Operating profit / (loss) before working capital changes		1817		3781
Changes In working capital: Inventories	(1836)		(170)
Trade receivables Loans	(616) (3)		(1817) (5)
Other Current Assets Trade Payables	14 547		53 (627)
Current Liability Provisions	168 (11)		(870) 63]
(Cash generated from operations		(1677) 140		(3073) 708
'a.Direct Taxes (Paid) Net cash flow from / (used in) operating activities (A)		(87) 83		{1777}
IB. Cash flow from / (used in) investing activities. a.Purchase Of Property , plant and equipment	(882)		(2209)	(1069)
b.Sale of Property , plant and equipment	#2		a
ic. Advance given for Capital Expenditure id. Redemplion (Investment) in Daposile against BG	(1540) 9		0 O
é. Repayment received for Loans Given F Acquisition 'Sale of Invastment(Nat)	45 (53)		0) 7
g. Lean given to wholly owned subsidiary h, Dividend Received	(11h) 0		(663), 5
Interest received	3	(2347)	63)	(2797)
Net cash flow from / (used in) investing activities (B) C. Cash flow from / (used in) financing activities		(2347)		(2797)
a.Long Term Borrowings - Net of Repayment '0.Short Term Borrowings - Net of Repayment	2812 673		(79) 3907
¢.Preference shares redeemed dinierast Paid	0 (294)		0 (230)
e.Dividend paid including dividend distribution tax			(450)
1. Payment towards Lease Liability	(87)	w0F	(129)	3019
Net cash flow from / (used In) financing activities (C) Net increase / (decrease) In Cash and cash equivalents (A+8+C)		3007 743		3019 (847)
(Cash and cash equivalents at the beginning of the year Gash acquired on amalgamation		(995) 0		462 0)
(Cash and cash equivalents at the end of the year		348		_(395})
Cash and Cash equivalent as per above comprieses of the following
Cash and cash equivalent as per Note 11 - cash in hand		4		2
-Balances with Banks (on current accounts)		1084 1085		35 37
- Bank overdraft / cash credit (Note 15B) Balance as per statement of cash flows		737 348		432) (395)
Figures in brackets represent outflows
		For Sadhang Nitro Chem Ltd.
Place: Mumbai		Abhishek Asit Javeri Managing	Director & CFO
8th June 2021 Date:		DIN : 00273030

Notes:

• The Audited Standalone Financial Results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 9" June 2021. These audited 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.
• The results for the quarter & Year ended 31" March, 2021 are audited by the Statutory Auditor of the Company, under regulation 33 of Securities & exchange Board of India (Listing obligation and disclosure requirements) regulation, 2015, as amended. An unqualified report was issued by them thereon,
• The company is primarily engaged in one business segment i.e. manufacturing of chemical intermediates, heavy organic chemicals and performance chemicals. and it is primary segment. The company is also engaged in the manufacture of wireless network equipment & services. However, since the revenue, profits & total assets of this segment is less that 10% of the combined revenue, profits & assets of all the reporting segments, disclosures as required by Ind-As 108, 'Operating Segments' are not given.

IMPACT OF THE COVID-19 PANDEMIC ON THE OPERATIONS AND BUSINESS:

The Company has assessed the possible impact of Covid-19 on its financial statements based on the internal & external information available upto the date of approval of these financial results and concluded that no adjustments are required in these results. The management is of the opinion that there is unlikely to be any material impact on the carrying values of assets, liabilities and provisions. The management will continue to closely monitor any changes to future economic conditions and assess their impact on operations of the Company.

CONVERSION OF CAPITAL ASSETS INTO STOCK IN TRADE

During the quarter ended 31° March, 2021, the wireless network equipment & services division of the company has converted a significant portion of its plant and machinery of wireless network equipment into stock in trade amounting to Rs. 75,73,829,

• The figures for the quarter ended March 31, 2021 and March 31, 2020 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 31" December, 2020 & 31° December, 2019 respectively. Also the figures for these nine-month period had only been reviewed and not subjected to audit.
• Previous period figures have been regrouped /reclassified, wherever necessary to conform to current period classification. ,

The above is an extract of the detailed format of the financial results for the Quarter Ended 31" March 2021 The 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 and on the company's website at www.sncl.com.

By the Order of the Board For Sadhang Nitro Chem Ltd.

Managing Director & CFO DIN :00273030

Mumbai Date: 9" June 2024

ANNEXURE- A JAYESH DADIA & ASSOCIATES LLP

CHARTERED ACCOUNTANTS

422, Arun Chambers, Tardeo, Mumbai - 400034. Tel.: +91-22-66602417 / 66601056 Fax : +91-22-66602418 E-nail: info@jdaca.com Website : www.jdaca.com

Independent Auditor's Report on Standalone Annual Financial Results of the Company Pursuant to the Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To The Board of Directors of Sadhana Nitro Chem Limited

Report on the Audit of the Standalone Financial Results

Opinion

We have audited the accompanying standalone financial results of Sadhana Nitro Chem Limited ('the Company') for the year ended 31s! March, 2021 and the standalone statement of assets & liabilities and the standalone statement of cash flows as at and for the year encled on that date (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015, as amended (the "Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us, these annual financial results:

• (i) are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
• (ii) give a true and fair view in conformity with the recognition & measurement principles laid down in the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 (the "Act") and other accounting principles generally accepted in India, of the standalone net profit and other comprehensive income and other financial information for the year ended 31+ March, 2021 and the standalone statement of assets & liabilities and the standalone statement of cash flows as at & for the year ended on that date.

Basis of Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Companies Act, 2013 (the 'Act'), Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (ICAI) together with ethical requirements that are relevant to our audit of the standalone financial statements under the provisions of the Act and the rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of Matter

We draw attention to Note 4 to this Statement regarding the uncertainties arising out of the outbreak of Covid-19 pandemic and the assessment made by the management on its operations and the financial reporting for the year ended 31st March, 2021. Such an assessment and the outcome of the pandemic, as made by the management, are dependent on the circumstances as they evolve in the subsequent periods.

Our opinion is not modified in respect of this matter.

Responsibilities of Management and Those Charged with Governance for the Statement

These quarterly financial results as well as the year to date standalone financial results have been prepared on the basis of the financial statements. The Company's Board of Directors are responsible for the preparation of these standalone financial results that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the standalone financial results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors is also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the standalone financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

« Identify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our

opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control;

• * Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal controls;
• * Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors;
• ¢ Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence abtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the standalone financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern; and
• * Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the standalone financial results represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matters

The annual standalone financial results include the results for the quarter ended 31* March, 2021 & the corresponding quarter ended 31st March, 2020, being the balancing figure between audited figures in respect of the full financial year and the published unaudited figures up to the third quarter of the current & previous financial year respectively which were subject to limited review by us.

For Jayesh Dadia & Associates LLP Chartered Accountants Firm Registration No.ffpl142W / W100122

Jayestt Dadia fiers Partner ert Membership No. 033973 Wen, Mumbai, dated: 9 June, 2021 UDIN: 21033973AAAABN2242

SADHANA NITRO CHEM LIMITED

STATEMENT OF AUDITED CONSOLIDATED FINANCIAL RESULT FOR THE QUARTER & YEAR ENDED MARCH 31, 2021

		SADHANA NITRO CHEM LIMITED	(CIN NO, L24100MH1973PLC016698)			ANNEXURE
	Regd, Office : Hira Baug, 1ST Floor, Kasturba Chowk (C.P, Tank), Mumbai - 400 004 a Tel. No. 022-23865629, Fax: 022-23887235, E-mail: sadhananitra@sncl.com, website: www,snel.com
	STATEMENT OF AUDITED CONSOLIDATED FINANCIAL RESULT FOR THE QUARTER & YEAR ENDED MARCH 31, 2021					(Rs. In Lakh)
			QUARTER ENDED	CONSOLIDATED	YEAR ENDED
	Particulars	31.03.21 3 Months	31.12.20 3 Months	31.03.20 3 Months	31.03.21 12 Months	31.03.20 12 Months
1	Income	Audited	Unaudited	Audited	Audited	Audited
	a} Revenue From Operation b) Other Income	3,947 (132)	2,645 455	2,632 26	10,305 491	10,606 196
2	Total Income Expenses	3,815	3,100	2,658	10,796	10,302
	a) Cost of materials consumed b) Changes in inventories of finished goods, Work	1,744	1,776	981	5,342	3,919
	in Progress and Stock in trade c} Excise Duty d) Employees benefits expense	(756) - 403	(425) -	1,363 -	(1,305) :	(773)
	€) Depreciation and amortisation expenses	154	398 157	245 162	1,551 620	1,550 581
	f) Finance Cost g) Other expenses	111 836	74 697	75 OTL	343 2,379	283 3,008
3	Total expenses Profit/(Loss) before Tax and exceptional items	2,492	2,677	3,797	8,930	8,568
4	(1-2) [Exceptional Items	1,323 :	423 :	(1,139)	1,866 +	2,234 -
S 6	Profit/(Loss) before Tax (344) Add / (Less) Tax Expenses	1,323	423	(1,139)	1,866	2,234
	(a) Current Tax / Mat (b) Mat Credit Entitlement	212 -	43 -	162 (195)	287 -	850 {195)
	(c) Deferred Tax (Liabilities) / Assets Total Tax Expenses	(33) 179	41 84 339	(167) (200) (939)	(14) 273 1,593	114 769 1,465
7 8	Net Profit After Tax (5-6) Other Comprehensive income/{loss) (a) Re-measurement on Defined benefit plans	1,144 -
	(b) Income Tax Effect an above (c Exchange differences In translating financial	4 -		6	6 -	{9}
	statements of a foreign operation (d) Change in Fair Value of Current Assets	15			1s
	regrouped at FV to OCI (Net of Tax) Total Other Comprehensive Income	(16) 3	-	18 24	- 21	18 9
9	Total Comprehensive Income (748) 10} Proifit Attributable to	1,147	339	(915)	1,614	1,474
	owners of the company Non controlling Interest
	11 Total Comprehensive Income Attributable to owners af the company	=	y	=		:
	Non controlling Interest 12] paid up Equity Share Capital C.Y. FV &s.1/- per
	share (PY. FV Rs 1 Per Share) 13]Earning per Share	1,397 x	1,397 *	1,397 Ld	1,397	1,397 a
	Basic Diluted	0.82 0.82	0.24 0.24	(0.67) (0.67)	1.14 1.14	1.05 1.05
	* Per Equity Share of FV Rs. 1/- each & # Per Equity Share of FV Rs. 1/- each					a Nitra Chem Limited
					Abhishek Asit Javeri
	Place: Mumbai Date: 09th June 2021.				Managing Director & DIN ; 00273030	cFO

Abhishek Asit Javeri Managing Director & DIN ; 00273030 cFO

SADHANA NITRO GHEM LIMITED Cad {CIN NO. L24100MH1973PLC016698) ANNEXURE- =~. Regd. Office : Hira Baug, 1ST Floor, Kasturba Chowk (C.P. Tank), Mumbai - 400 004

A

Cad	SADHANA NITRO GHEM LIMITED
=~. Regd. Office : Hira Baug, 1ST Floor, Kasturba Chowk (C.P. Tank), Mumbai - 400 004 Tel, No. 022-23865629, Fax: 022-23887235, E-mail: sadhananitro@sncl.com, website: www.sncl.com	{CIN NO. L24100MH1973PLC016698)		ANNEXURE-
STATEMENT OF AUDITED CONSOLIDATED ASSETS & LIABILITIES AS AT MARCH 31, 2021		CONSOLIDATED	(Rs. in Lakh)
PARTICULARS		YEAR ENDED AUDITED	YEAR ENDED AUDITED
A. Assets 1. Non Current Assets		31.03.24	31.03.20
(a) Intangible Assets (b) Property, Plant and Equipment		636 7201	7,798
(c) Capital work-in-progress (e) Financial Assets		2268	1,603
Investments (i) (ii) Loans		- i7
(ii) Other financial assets (2) Income Tax Asset (nel)		:
(f) Deferred Tax Asset (net)		-
(g) Other non current assets Sub Total (1)		2050} 12,172	10,385
2, Current assets (a) Inventories		6632	5,172
(b) Financial Assets (i) Current Investment		639
(ii) Trade Receivables (iii) Cash and Cash Equivalents.		4850	2,904
(iv) Bank Balances other than (ii) above		1095 20
(v) Loans (vi) Other Financial Assets		1 510
(c) Other Current Assets Sub Total (2)		1266 15,063	1,532 11,180
Total (1)+(2)		27,235	24,565
EQUITY AND LIABILITIES Equity
(a) Equity Share capital (b) Other Equity		1397, 11584	10,705
Sub Total (4) LIABILITIES		42,981	11,637
Non-current liabilities
(a) Financial Liabilities (i) Borrowings		2801
(ii) Other financial liabilities (b) Provisions		- 244
(c) Deferred Tax Liabilities(Net) (d) Other non-current liabilities		282 406
Sub Total (2)		3,733	1,380
Current liabilities (a) Financial Liabilities
Borrowings (i) (i) Trade payables		5228	4,350
(a) Bug to micro & small enterprises (b) Due to other than micro & smal! enterprises		71 2517	2148
(ii) Other financial liabilities		a90
(b) Provisions (c) Income Tax Liabilities (Net)		387 551
(d) Other current liabilities Sub Total (3)		877 10,521	8,548
Total (1)#(2)+(3)		27,235	21,565
		For Sadhana Nitro Chem Ltd.
Place: Mumbai		ek Asit Javeri Managing Director & CFO

SADHANA NITRO CHEM LIMITED ty (CIN NO. L24100MH1973PLC016698)

ty SADHANA NITRO CHEM LIMITED (CIN NO. L24100MH1973PLC016698) a—a-—
Regd. Office : Hira Baug, 1ST Floor, Kasturba Chowk (C.P. Tank), Mumbai - 400 004 Tel, No, 022-23865629, Fax: 022-23887235, E-mail: sadhananitro@sncl.com, website: www.sncl.com STATEMENT OF AUDITED CONSOLIDATED CASH FLOW STATEMENT AS AT MARCH 31, 2021
PARTICULARS	Year Ended		{Rs in Lakhs) Year Ended
4, Cash flow from operating activities	31/03/2021		31/03/2020
Profil before lax Adjustments for:		1866)		2234
Depreciation and amortisation expenses. Surplus share in profit of subsidiary on audit of its accounts for the P.¥, Interest on Leased Liability	620 (272) 40		581 186 0
Profit on Sale of Assets Interest Expenses	(40) 301		0 282)
Sundry Balance Writtern Back Dividend Received	(281) Q		9 (8)
Interest Received Provision for Doubtful Debts (Gain)/Loss on Fair Valuation of Forward Contract	(44) 1 (65)		(60) 9 58
Notional Interest & Rent on Deposite (Gain}/Loss on Fair Valuation of Leased Liability	ao (30)		a 0
Reversal of ESOP Expenses Changes in Other Comprehensive Income	o 0	236	(97) (13)	41
Operating profit { (loss) before working capilal changes Changes in working capital:		2402		His
Inventories Trade receivables	(1385) (1927}		(1065) (1412)
Loans and Advances Olher Current Assets	a0 564		(6) (103)
Trade Payables 'Current Liability Provisions	692 103 (55)		9B9 (1541) 64
Cash generated from operations.		(1978) 124.		(3074) 107
a.Direct Taxes (Paid) Net cash flaw from / (used in) operating activities (A)		(58)} 66		(1779}] (1678)
B, Gash flow from / (used in) investing activities a.Capilal Expenditure of Fixed Assets Sale of Property, Plan! and Equipment	(882) 82]		(2208) 0)
Advance given for Capital Expenditure b.Acquisilion / Sale of Investment (Net)	(1540) (53)		a 7
c,Redemption Investment in Deposites against BG d.Repayment Received from Loans given	9 45		o 0
©. Dividend Received f Interest Received	0 3		5 20
Net cash flow from / (used in) investing activities (B) C. Gash flow from / (used in) financing activities		(2336) (2336),		(2177) (2177)
a.Long Term Berrowings - Net of Repayment b,Short Term Borrowings - Net of Repayment	2612 573		(100) 3907
'c.Finance Cost Paid Dividend paid including dividend distribution tax Payment lowards Lease Liability	(292) 0		(234) (451)
Net cash flow from / (used In) financing activities (C)	(87)	3006 3006	(129)	2996 2996
Net increase / (decrease) in Cash and cash equivalents (A+B4C) 'Cash and cash equivalents at the beginning of the year		736 (378)		(859) 430
'Cash acquired on amalgamation Cash and cash equivalents at the end of the year		o 358		o (379)
Cash and Cash equivalent as per above comprieses of the following
Cash and cash equivalent as per Note 11 - cash in hand -Balances with Banks (on current accounts)		4 1093		2
-Fixed Deposits shown under cash and cash equivalent		oO 1094		50) 2 54
- Bank overdraft / cash credit (Note 15B) Balance as per statement of cash flows		736 358		433 (379)
Figures in brackets represent outflows
Place: Mumbai		Abhishek Asit Javeri Managing Director & CFO
Date: 09th June 2021		DIN : 00273030

IANNEXURE- \

Notes:

• The above Audited Consolidated Financial Results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 9" June, 2021. These audited 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.
• These consolidated results for the quarter & Year ended 31°° March, 2021 are audited by 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 unqualified report was issued by them thereon
• The Consolidated Financial result include the Financial Result of the wholly owned subsidiaries viz. Anuchem BVBA (BELGIUM) & Spidigo Net Pvt Ltd.
• The Company has reported Segment information as per the Indian Accounting Standard (Ind AS) 108, 'Operating Segments', as below:

a) Manufacturing of Chemical Intermediates, heavy organic chemicals and performance chemicals and b) Manufacture of wireless network equipment and services.

The revenues, total expenses and net profit as per the Statement of Profit and Loss represent the revenue, total expenses and the net profit of both the reportable segments. The reported revenues, profit and assets af one of the segments (manufacture of wireless network equipment and services) being less than 10% of the cambined revenue, profit and assets of all the reporting segments, no separate disclosure is given as per para 11 and 13 of Ind AS 108

5. IMPACT OF THE COVID-19 PANDEMIC ON THE OPERATIONS AND BUSINESS:

The Group has assessed the possible impact of Covid-19 on its financial statements based on the internal & external information available upto the date of approval of these financial results and concluded that no adjustments are required in these results. The management is of the opinion that there is unlikely to be any material impact on the carrying values of assets, liabilities and provisions. The management will continue to closely monitor any changes to future economic conditions and assess their impact on operations of the Group.

CONVERSION OF CAPITAL GOODS INTO STOCK IN TRADE

During the quarter ended 31° March, 2021, the wireless network equipment & services division of the Holding company has converted a significant portion of its plant and machinery of wireless network equipment into stock in trade amounting to Rs. 75,73,829.

• The figures for the quarter ended March 31, 2021 and March 31, 2020 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 31° December, 2020 & 31" December, 2019 respectively. Further, the figures for these nine-month period had only been reviewed and not subjected to audit.
• Previous period figures have been regrouped /reclassified, wherever necessary to cgnform to current period classification.

1. The above is an extract of the detailed format of the financial results for the Quarter Ended 31° March 2021 The 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 and on the company's website at www.sncl.com.

By the Order of the Board For Sadhana Nitro Chem Ltd.

f.

(Abhishek A. Javeri)

Managing Director & CFO DIN :00273030

Mumbai, 9 th June 2021

ANNEXURB- A JAYESH DADIA & ASSOCIATES LLP

CHARTERED ACCOUNTANTS

E-mail: info@jdaca.com Website : www jdaca.com 422, Arun Chambers, Tardeo, Mumbai - 400034. Tel.: +91-22-66602417 / 66601056 Fax : +91-22-66602418

Independent Auditor's Report on Consolidated Annual Financial Results of the Company Pursuant to the Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To The Board of Directors of Sadhana Nitro Chem Limited

Report on the Audit of the Consolidated Financial Results

Opinion

We have audited the accompanying consolidated financial results of Sadhana Nitro Chem Limited (hereinafter referred to as the 'Holding Company') and its subsidiaries (the Holding company and its subsidiaries together referred to as the 'Group') for the year ended 31 March, 2021 and the consolidated statement of assets & liabilities and the consolidated statement of cash flows as at and for the year ended on that date (the Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015, as amended (the "Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us, these annual consolidated financial results:

• (i) include the annual financial results of two subsidiaries, namely:
• a. Anuchem B.V.B.A Wholly owned subsidiary of the Holding Company
• b. Spidigo Net Private Limited Wholly owned subsidiary of the Holding Company
• (ii) are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
• (iii) give a true and fair view in conformity with the applicable accounting standards, and other accounting principles generally accepted in India, of the consolidated net profit and other comprehensive income and other financial information of the Group for the year ended 31st March, 2021.

Basis of Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Companies Act, 2013 (the 'Act'). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the consolidated Financial Results section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (ICAI) together with ethical requirements that are relevant to our audit of the consolidated financial statements under the provisions of the Act and the rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of Matter

We draw attention to Note 5 to this Statement regarding the uncertainties arising out of the outbreak of Covid-19 pandemic and the assessment made by the management on its operations and the financial reporting for the year ended 31st March, 2021. Such an assessment and the outcome of the pandemic, as made by the management, are dependent on the circumstances as they evolve in the subsequent periods.

Our opinion is not modified in respect of this matter.

Responsibilities of Management and Those Charged with Governance for the Statement

These consolidated financial results have been prepared on the basis of the consolidated annual financial statements. The Holding Company's Board of Directors are responsible for the preparation and presentation of these consolidated financial results that give a true and fair view of the net profit and other comprehensive income and other financial information of the Group in accordance with the Indian Accounting Standards prescribed under Section 133 of the Act read with the relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated financial results by the Directors of the Holding Company, as aforesaid.

In preparing the consolidated financial results, respective Board of Directors of the Companies included in the Group are responsible for assessing the ability of the Group to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.

The respective Board of Directors of companies included in the Group are responsible for overseeing the financial reporting process of the Group.

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

Our objectives are to obtain reasonable assurance about whether the consolidated financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• e Identify and assess the risks of material misstatement of the consolidated financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control;
• « Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3) (i) of the Act, we are also responsible for expressing our opinion on whether the Holding Company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls;
• e Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the management;
• * Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern;
• * Fvaluate the overall presentation, structure and content of the consolidated financial results, including the disclosures, and whether the consolidated financial results represent the underlying transactions and events in a manner that achieves fair presentation.
• « Obtain sufficient appropriate audit evidence regarding the financial results/ financial information/ financial statements of the entities within the Group, to express an opinion on the Statement. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Statement, of which we are the independent auditors. For the other entities included in the Statement, which have been audited by the other auditors, such auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion

We communicate with those charged with governance of the Holding Company regarding, among other matters, the planned scope and timing, of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

We also perform the procedures in accordance with the Circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.

Other Matters

(a) We did not audit the financial results of one wholly owned subsidiary, locate outside India, included in the consolidated financial results of the Group. This subsidiary accounts for total assets of Rs. 23,77,71,422/- as at 31st March, 2021, total revenue of Rs. 21,33,55,298/'- and a net loss amounting to Rs. 5,56,194/- for the year ended on that date. These financial statements of the subsidiary, located outside India, are subject to audit as per jurisdiction of the country in which it is located. These financial statements have been drawn upto 31st March, 2021 and have been approved by the management and not subject to audit.

Our opinion on the consolidated financial results, in so far as it relates to the amounts and disclosures included in respect of this subsidiary, and our report in so far as it relates to the aforesaid subsidiary is based solely on management approved accounts for the quarter ended 313t March, 2021.

This subsidiary is located outside India whose financial statements and other financial information have been prepared in accordance with accounting principles generally accepted in their respective countries. The Holding Company's Management has converted the financial statements of such subsidiary located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have audited these conversion adjustments made by the Holding Company's Management. Our opinion in so far as it relates to the balances and affairs of such subsidiary located outside India is based the conversion adjustments prepared by the management of the Holding Company and audited by us.

Our opinion on the Statement is not modified in respect of this matter with respect to our reliance on the work done and the reports of the other auditors.

The consolidated financial results also include the unaudited financial information of one wholly owned subsidiary whose financial information reflects total assets of Rs. 2,19,39,780/- as at 31s! March, 2021, total revenues of Rs, 4,45,688/- for the year ended 31st March, 2021 and total net profit of Rs. 22,14,968/- for the year ended 31st March, 2021, as considered in the consolidated financial statements, whose financial statements have not been audited either by us or by other auditors. These unaudited financial results have been furnished to us by the Holding Company's Management and our opinion on the censolidated financial statements, in so far as it relates to the amounts and disclosures included in respect of this wholly owned subsidiary and our report in so far as it relates to the aforesaid wholly owned subsidiary, is based solely on such unaudited financial statements. In our opinion and according to the information and explanations given to us by the Holding Company's Management, these financial statements are not material to the Group.

Our opinion on the Statement is not modified in respect of this matter with respect to our reliance on the financial statements/financial information certified by the Holding Company's Management.

(c) Attention is invited to the fact that the figures for the quarter ended 31st March, 2021 and the corresponding quarter ended in the previous year as reported in the annual consolidated financial results are the balancing figures between audited figures in respect of the full financial year and the unaudited year-to-date figures up to the end of the third quarter of the relevant financial year.

For Jayesh Dadia & Associates LLP Chartered Accountants Firm Registration No. 121142W / W100122,

u '

Ja¥esh Dadia \e \ Partner Wie Membership No. 033973 == Mumbai, dated: 9" June, 2021 UDIN: 21033973AAAABO7129

ANNEAURE-SADHANA NITRO CHEM LIMITED CIN : L24110MH1973PLC016698

10, Bruce Street, 1st Floor, 8/12 Homi Mody Street, Fort, Mumbai 400001 Tel.: 022-68663300, Email: sadhananitro@sncl.com, Website: www.sncl.com

Annexure-B

The Board considered, approved and recommended a bonus issue in the ratio of 2shares on the 5 existing shares held as on July 16, 2021 (Record Date). The bonus issue of equity shares will be subject to approval by the shareholders, and any other applicable statutory and regulatory approvals.

The Bonus shares once allotted shall rank pari-passu in all respects and carry the same rights as the existing Equity Shares and shall be entitled to participate in full in any dividend and other corporate action, recommended and declared after the new equity shares are allotted,

The details pertaining to the Bonus issue of equity shares as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is provided below

b. Post Bonus issue Sr. Particulars Details No. 1; Type of securities to be issued Equity Shares 2. Type of issuance Bonus Issue 3. Total number of securities No of Bonus Shares 5,58,90,894 proposed to be issued (approximately) 4. Whether Bonus is out of free Bonus shares will be issued out of Capital reserves created out of profits or | Redemption Reserve as on March 31, 2021 share premium account 5. Bonus ratio 2(Two)Bonus shares for every 5(Five)existing equity shares held on record date 16th - July,2021_ 6. Details of share capital- Pre- Bonus : a. Pre- Bonus issue (i) Authorised Equity Share Capital of Rs. 21,50,00,000/- (Twentyone crore fifty lakh) of face value of Rs.1 (one) per share (ii) Issued and Paid-up Share Capital of Rs. 13,97,27,235/-(thirteen crore ninety seven lakh twenty seven thousand two hundred and thirty five) . Post- Bonus (i) Authorised Equity Share Capital of Rs, 21,50,00,000/- (Twenty one crore fifty lakh). (ii) Issued and Paid-up Share Capital of Rs. 19,56, 18,129

Brief details of issuance of Bonus shares:

Registered Office : Hira Baug, 1st Floor, Kasturba Chowk (C.P. Tank), Mumbai - 400 004, INDIA Ss Factory : 47, MIDC, Reha - 402 116, Dist. Raigad, Maharashtra. Tel.: Dhatay-02194-263801/02/03, ²⁶³⁵²⁵

		ANNEXURE- (2,
	and/or reserves Free	Rs.5,58,90,894 from Capital Redemption
	SharePremium required for implementing the bonus issue.	Reserve
8.	or reserves and/ Free Premium available	Share Free reserves available as on 31/03/2021 for Capital Redemption
	capitalization and the date as on Reserve —	Rs.5,93,00,982
	which such balance is available	13,33,29,906 General Reserve— Rs. Retained earnings — Rs. 91,22,06,136
9.	Whether the aforesaid figures	Rs.1104837024 Total - Yes
	are audited
10.	Estimated date by which such bonus shares would be credited/	Within 60 days from date of Board's approval i.e. by8t" August 2021
	dispatched

Kindly take the same on your records.

FOR SADHANA NITROCHEM LIMITED

fe

Abhishek A, Javeri Managing Director & CFO DIN: 00273030 Address: Ratnagar Palace, 37 chowpaty Seaface Mumbai 400007 Maharashtra India

ANNLAURE-SADHANA NITRO CHEM LIMITED

CIN : L24110MH1973PLC016698

10, Bruce Street, 1st Floor, 8/12 Homi Mody Street, Fort, Mumbai 400001 Tel.: 022-68663300, Ernail: sadhananitro@sncl.com, Website: www.sncl.com

Annexure — C

Date: June 09, 2021

To Bombay Stock Exchange Limited, lst Floor, PJ. Towers, Dalal Street, Mumbai — 400001

Subiect: Declaration pursuant to Regulation 33(3)(d) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015

Scrip Code: 506642

Dear Sir/Madam,

We hereby declare that the Statutory Auditors of the Company, M/s. Jayesh Dadia & Associates, Chartered Accountants have issued audit report with unmodified Opinion on Audited Financial Results of the Company (Standalone and Consolidated) for the quarter and year ended March 31, 2021, This declaration is given in compliance with Regulation 33(3)(d) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015,

Kindly take the same on your records.

1 po ge

Abhishek A. Javeri Managing Director & CFO DIN: 00273030 Address: Ratnagar Palace, 37 chowpaty Seaface Mumbai 400007 Maharashtra India

23 Ee ee

ANNEAURE- 1 SADHANA NITRO CHEM LIMITED

CIN : L24110MH1973PLC016698

10, Bruce Street, 1st Floor, 8/12 Homi Mody Street, Fort, Mumbai 400001 x Tal.: 022-68663300, Email: sadhananitro@sncl.com, Website: www.snel.com

Annexure-D

Brief Details of appointment of M/s.Chandrashekhar Iyer & Co as Internal Auditor of the Company for the Financial Year 2021 - 22

We further submit the following details as required under Regulation 30 of the SEBI (LODR), Regulation, 2015 read with Circular No. CIR/CFD/CMD/4/2015 dated gthSeptember, 2015.

SADHANA	LIMITED CHEM NITRO
x	10, Bruce Street, 1st Floor, 8/12 Homi Mody Street, Fort, Mumbai 400001 Tal.: 022-68663300, Email: sadhananitro@sncl.com, Website: www.snel.com
	Annexure-D
of the Company for the Financial Year 2021 - 22 We further submit the 2015 (LODR), Regulation, with read gthSeptember, 2015.	Brief Details of appointment of M/s.Chandrashekhar Iyer & Co as Internal Auditor following details as required under Regulation 30 of the SEBI CIR/CFD/CMD/4/2015 dated Circular No.
Particulars	Description
Name of the firm Change Reason Viz., for Resignation, removal, death or otherwise; Companies	Chandrashekhar M/s. Co (Firm & Iyer Registration Number 114260W) Comply Appointment, Appointment: with the to and _ 2013. the Act,
eessation—fas 9th June 2021 Appointment Date of applicable} & terms of appointment	SEBI(LODR) under requirements Amendment Regulations, 2015
Brief Profile (in case of appointment)	Chandrashekhar Iyer has over 23 years of professional experience the field of in audit and taxation. In an era where young
	plum professionals preferred to take up positions in multinationals for a fat pay Chandrashekhar Mr. packet, has preferred to start on his own. With as few as 4-5 individual clients in the first year he has strived hard to build a portfolio of
	corporate private clients big well as companies and HNI's. His expertise in the field of corporate taxation has made him one of the most sought after professional.
Disclosure of relationships between directors (in case of appointment of a director).	None
Kindly take the same on your records. FOR SADHANA NITROCHEM LIMITED
,

,

Abhishek A, Javeri Managing Director & CFO DIN: 00273030 Address: Ratnagar Palace, 37 chowpaty Seaface Mumbai 400007 Maharashtra India

Registered Office : Hira Baug, 1st Floor, Kasturba Chowk (C.P. Tank), Mumbai - 400 004, INDIA Factory : 47, MIDC, Roha - 402 116, Dist. Raigad, Maharashtra. Tel.: Dhatav-02194-263801/02/03, 263525 ? ly

ANNEXURE-SADHANA NITRO CHEM LIMITED CIN : L24110MH1973PLC016698

10, Bruce Street, 1st Floor, 8/12 Homi Mody Street, Fort, Mumbai 400001 Tel.: 022-68663300, Email: sadhananitro@sncl.com, Website: www.sncl.com

Annexure - E

Brief Details of Appointment of Vinay Mulay & Co as Cost Auditor of the Company for the Financial Year 2021 - 22

We further submit the following details as required under Regulation 30 of the SEBI (LODR), Regulation, 2015 read with Circular No, CIR/CFD/CMD/4/2015 dated 9thSeptember, 2015.

	SADHANA	ANNEXURE LIMITED CHEM NITRO
		10, Bruce Street, 1st Floor, 8/12 Homi Mody Street, Fort, Mumbai 400001 Tel.: 022-68663300, Email: sadhananitro@sncl.com, Website: www.sncl.com
	Annexure - E
(LODR),	for the Financial Year 2021 - 22 with Circular 2015 read Regulation, 9thSeptember, 2015.	Brief Details of Appointment of Vinay Mulay & Co as Cost Auditor of the Company We further submit the following details as required under Regulation 30 of the SEBI CIR/CFD/CMD/4/2015 dated No,
Sr:	Particulars	Description
no 1	Name of the firm	-M/s. Vinay Mulay & Co
2	Brief Profile or Credentials of the firm	CEO: Years Vinay Mule: Age 59 Mr. having Qualification of M.Com., FCMA, CMA PGDMS, CSCP, (USA), (APICA,USA) and having Experience of More than Years Cost Audit, 39 in Forensic Internal Audit, Audit, Inventory Management and Valuation, Management, Project Strategic Planning, Indirect taxation, Project Report and Financial Institutions for Banks working diverse Industries, in with MNCs etc
3	Terms and Conditions of Appointment	As per Appointment Letter Date of appointment: 9" June 2021
4	Proposed Fees to be payable subject Rs. 1,00,000 to the ratification of Members in
5	Annual General Meeting Date of Registration	29th August, 2011
6	Address :	17B Laxminagar Maratha CHS LtdVNear RTO, Opp Teacher's Colony, VAndheri Mumbai—400053
7	PAN NO	AADPM3648M
8	Registration No	M/8791
9	Contact details	Tel : 26324918 / Mob :9819864918

Registered Office : Hira Baug, 1st Floor, Kasturba Chowk (CsP=tankj, Mumbai - 400 004, INDIA Factory : 47, MIDC, Roha - 402 116, Dist. Raigad, Maharashtra. Tel.: Dhatav-02194-263801/02/03, ²⁶³⁵²⁵

			ANNEXURE-
10	Email Address	mulayvb@hotmail,com
TL	Disclosure of relationships between directors (in case of appointment of a director)	None

Kindly take the same on your records.

FOR SADHANA NITROCHEM LIMITED

Yo

Abhishek A. Javeri Managing Director & CFO DIN: 00273030 Address: Ratnagar Palace, 37 chowpaty Seaface Mumbai 400007 Maharashtra India