Sadhana Nitrochem Ltd. — Interim / Quarterly Report 2025

Nov 13, 2025

a] SADHANA NITRO CHEM LIMITED

To To 1st Floor, P.J. Towers, Exchange plaza, C-1, Block G, SEBI (LODR) Regulations, 2015.

Date: November 13, 2025

BSE Limited National Stock Exchange of India Limited Dalal Street, Mumbai — 400001 Bandra Kurla Complex, Bandra (E), Mumbai-400051, India Scrip Code: 506642 Symbol: SADHNANIQ

Subject: Outcome of the Board Meeting held on November 13, 2025 under Regulation 30 of

Dear Sir/Madam,

Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we hereby inform that the Board of Directors of Sadhana Nitro Chem Limited ("the Company") at their meeting held on November 13, 2025, inter- alia transacted the following items of business:

• 1. Considered and approved Unaudited Standalone & Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2025 and took on record the Limited Review Report provided by the Statutory Auditors of the Company. A copy of same is enclosed herewith as Annexure-A.
• 1. Statement of Deviation or variation in the use of proceeds raised through the Right Issue as Annexure - B.
• 1. Intimation about the status of the proposed Rights Issue of the Company Chairman informed that
• a) Rights Issue Committee (RIC) was formed based on the Resolution passed in the last meeting of Board of Directors held on 29 October 2025.
• b) RIC met on 3% November 2025 and approved the draft Letter of Offer (DLOF) and authorised the Company Secretary and Compliance Officer to deal with the Rights Issue formalities.
• c) DLOF was submitted to the Stock Exchanges along with the applications seeking in-principle approvals of the Stock Exchanges.
• d) Company is appointing the Intermediaries for the Rights Issue.

The Board Meeting started at 03.30 P.M and concluded at 05.00 P.M.

Kindly take the same on your records.

Nitin Rameshchandra Jani Company Secretary Membership No.: A4757

Corporate Office Factory Address Registered Office

10,Bruce Street,1st Floor, 47, MIDC, Roha - 402116. Nanavati Mahalaya, Unit No. 501, 8/12,Homi Mody Street,Fort, Dist. Raigad (M.S.) 5th Floor, 18 Homi Mody Street Mumbai - 400001 Dhatav, Maharashtra Fort, Mumbai - 400001

sadhananitro@sncl.com | www.sncl.com | CIN : L24110MH1973PLCO16698 | Tel.: +912268663300

JAYESH DADIA & ASSOCIATES LLP

CHARTERED ACCOUNTANTS

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

Independent Auditor's Review Report on Quarterly Standalone Unaudited Financial Results

The Board of Directors M/s. Sadhana Nitro Chem Limited Mumbai,

• 1. We have reviewed the accompanying statement of standalone unaudited financial results ('the Statement') of M/s. Sadhana Nitro Chem Limited ('the Company') for the quarter & half year ended September 30, 2025 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').
• 1. This Statement is the responsibility of the Company's Management and has been approved by the Board of Directors in their meeting held on November 13, 2025, has been prepared in accordance with the recognition and measurement principles laid down in the in Indian Accounting Standard (Ind As) 34, Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan & perform the review to obtain moderate assurance as to whether the standalone financial statements are free of material misstatement. A review is limited primarily to enquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
• 1. Based on our review conducted as stated above, nothing has come to our attention that causes us to believe thatthe accompanying statement of unaudited financial results prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Jayesh Dadia & Associates LLP Chartered Accountants

JaYesh Dadia Partner Membership No. 033973 Place: Mumbai, Dated: November 13, 2025 UDIN: 25033973BMLCER8797

SADHANA NITRO CHEM LIMITED ANNEXURE-A

STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULT FOR THE QUARTER & HALF YEAR ENDED SEPTEMBER 30, 2025

			SADHANA NITRO CHEM LIMITED			ANNEXURE-A
	Regd. Office : Nanavati Mahalaya, Unit No.501, 5th Floor, 18, Homi Mody Street, Fort, Mumbai - 400 001	Tel. No, 022-68663300, E-mail: sadhananitro@sncl.com, website: www.sncl.com	(CIN NO. L24100MH1973PLC016698)
	STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULT FOR THE QUARTER & HALF YEAR ENDED SEPTEMBER 30, 2025
				STANDALONE			(Rs. In Lakh)
	paPiars		QUARTER ENDED		SIX MONTHS ENDED		YEAR ENDED
		30.09.2025 3 Months	30.06.2025 3 Months Unaudited	30.09.2024 3 Months	30.09.2025 6 Months Unaudited	30.09.2024 6 Months	31.03.2025 12 MONTHS Audited
1	[Income a) Revenue From Operation	26	2,810	3,271	2,836	6,355	13,337
	b) Other Income Total Income	140 166 —	425 3,235	116 3,387	565 3,401	143 6,498	262 13,599
2	Expenses a) Cost of materials consumed	219	546	2,493	765	3,801	6,402
	b) Changes in inventories of finished goods, Work in Progress and Stock in trade c) Employees benefits expense	767 510	1,130 465	(1,675) 578	1,897 975	(2,432) 1,189	(2,936) 2,302
	d) Depreciation and amortisation expenses e) Finance Cost	368 484	465 401	399 441	833 885	797 855	1,518 1,748
	f) Other expenses Total expenses	500 2,848	410 3,417	1,020 3,256	910 6,265	2,038 6,248	3,652 12,686
3	Profit/(Loss) before Tax and exceptional items (1- 2)	(2,682)	(182)	131	(2,864)	250	913
4 S	Exceptional Items Profit/(Loss) before Tax (3+4)	- (2,682)	- (182)	- 131	- (2,864)	- 250 -	- 913
	6 Add / (Less) Tax Expenses (a) Current Tax / Mat	- -	-	24	-	65	219
	(b) Prior Period Short / (Excess) Provision of Tax (c) Mat Credit Entitlement	- -	- -	38 -	- -	87 -	87 -
7	(d) Deferred Tax (Liabilities) / Assets Total Tax Expenses {Net Profit After Tax (5-6)	(44) (44) (2,638)	(12) (12) (170)	14 76 55	(56) (56) (2,808)	39 191 59	85 391 522
8	J]Other Comprehensive income/(loss) (a) item that will not be reclassified subsequently to
	profit & loss (Net of Tax) (b) item that will be reclassified subsequently to	(5)	(26)	(8)	(31)	44	52
	profit & loss (Net of Tax) Total Other Comprehensive Income	- (5)	- (26)	= (8)	- (31)	- 44	- 52
9	Total Comprehensive Income 10]Profit Attributable to owners of the company	(2,643)	(196)	47	(2,839)	103	574
	Non controlling Interest 11]Total Comprehensive Income Attributable to	-	-	-	-	=
	owners of the company Non controlling Interest
12	: Paid up Equity Share Capital C.Y. FV Rs.1/- per share 13 Earning per Share	3,294 s	3,294 *	2,471 -	3,294 =	2,471 :	3,294 me
	Basic Diluted	(0.80) (0.80)	(0.05) (0.05)	0.02 0.02	(0.85) (0.85)	0.02 0.02	0.16 0.16
	* Per Equity Share of FV Rs. 1/- each			For Sadhana Nitro Chem Limited
		{srs		y9 I
	Place : Mumbai	temeey ! ji 2 i 3S Rp	: S "a>	AbKishek Asit Javeri

{srs | 2 temeey ! ji 3S : S| i

AbKishek Asit Javeri

SADHANA NITRO CHEM LIMITED (CIN NO. L24100MH1973PLC016698) ce Gy Ss Regd. Office : Nanavati Mahalaya, Unit No.501, 5th Floor, 18, Homi Mody Street, Fort, Murnbai - 400 001 ae Tel. No. 022-68663300, E-mail: sadhananitro@sncl.com, website: www.sncl.com ANNEXURE-A

STATEMENT OF UNAUDITED STANDALONE ASSETS & LIABILITIES AS AT 30TH SEPTEMBER 2025

SADHANA NITRO CHEM LIMITED (CIN NO. L24100MH1973PLC016698) ae Regd. Office : Nanavati Mahalaya, Unit No.501, 5th Floor, 18, Homi Mody Street, Fort, Murnbai - 400 001 Ss ce Gy	ANNEXURE-A
	Tel. No. 022-68663300, E-mail: sadhananitro@sncl.com, website: www.sncl.com
STATEMENT OF UNAUDITED STANDALONE ASSETS & LIABILITIES AS AT 30TH SEPTEMBER 2025		(Rs in Lakhs) STANDALONE _
PARTICULARS	HALF YEAR ENDED	YEAR ENDED
A. Assets	UNAUDITED 30.09.25	AUDITED 31.03.25
1. Non Current Assets (a) Property, Plant and Equipment	13,130	14,572
(b) Capital work-in-progress (c) Intangible Assets Under Development	10,915 260	10,036 295
(d) Financial Assets Investments (i)	8	208
(ii) Loans (iii) Other financial assets	- 326	829 345
(e) Deferred Tax Asset (net) (f) Other non current assets	- 10,740	- 9,895
Sub Total (1) 2. Current assets	35,379	36,180
(a) Inventories (b) Financial Assets	10,390	12,656
Current Investment (i) (ii) Trade Receivables	- 14,715	- 13,256
(iii) Cash and Cash Equivalents (iv) Bank Balances other than (iil) above	4 516 64	5 878 103
(v) Loans & Advances (vi) Other Financial Assets (c) Income Tax Assets	449 -	249 -
(d) Other Current Assets	463 26,601	533 27,680
Sub Total (2)	61,980	63,860
Total (1)+(2) EQUITY AND LIABILITIES
Equity (a) Equity Share capital	3,294	3,294
(b) Other Equity Sub Total (1)	22,264 25,558	25,102 28,396
LIABILITIES Non-current liabilities
(a) Financial Liabilities (i) Borrowings	17,637	13,984 681
(ia) Lease Liabilities (ii) Other financial liabilities	197 - 482	- 488
(b) Provisions (c) Deferred Tax Liabilities(Net)	587 18,903	653 15,806
Sub Total (2) Current liabilities (a) Financial Liabilities
Borrowings (i) (ia) Lease Liabilities	7,666 324	9,532 542
(ii) Trade payables (a) Due to micro & small enterprises	207	306
(b) Due to other than micro & small enterprises (iii) Other financial liabilities	3,061 4,110 198	4,360 3,674 120
(b) Provisions (c) Income Tax Liabilities (Net)	227 1,676	228 896
(d) Other current liabilities Sub Total (3)	17,519	19,658
Total (1)+(2)+(3)	61,980	63,860
	For Sadhana Nitro Chem Ltd.
	j
	Abhishek Asit Javeri
	Managing Director

Abhishek Asit Javeri

SADHANA NITRO CHEM LIMITED (CIN NO, L24100MH1973PLC016698) Regd. Office : Nanavati Mahalaya, Unit No.501, 5th Floor; 18, Homi Mody Street, Fort, Mumbai -400 001 Tel. No. 022-68663300, E-mail: sadhananitro@sncl.com, website: www.sncl.cor

	SADHANA NITRO CHEM LIMITED (CIN NO, L24100MH1973PLC016698)
Regd. Office : Nanavati Mahalaya, Unit No.501, 5th Floor; 18, Homi Mody Street, Fort, Mumbai -400 001 Tel. No. 022-68663300, E-mail: sadhananitro@sncl.com, website: www.sncl.cor
STATEMENT OF UNAUDITED STANDALONE CASH FLOW STATEMENT AS AT SEPTEMBER 39, 2025				(Rs in Lakhs)
PARTICULARS	Half Year Ended 30/09/2025		Year Ended 3/03/2025
A. Cash flow from operating activities
Profit before tax Adjustments for:		(2,864)		913
Depreciation and amortisation expenses Interest on Lease Liabiity	833 59		18 176
Interest Expenses on borrowings	796		1,485
Interest Income Unrealised Foreign Exchange (GainVLoss	(37) (291)		_ (130) (132)
(Gain)/Loss on Fair Valuation of Forward Contract Sundry Balances written back	(12)		17
Provision for Doubtful Debts / Bad Debts Dividend Received from Subsidiary Company	68 -		154
Notional Interest & Rent on Deposites	-		- 4
(Gain)/Loss on Fair Valuation of Lease Liablity . ; Sundry Balances Written off	113 35		(4) 224
Profit on sale of Investments Loss on Sale of Assets	(232)
Reversal of Dimunition in value of investment	-	1,332	:	3,309
'Operating profit / (loss) before working capital changes		(1,532)		4,222
Changes in working capital: Inventories	2,266		(2,730)
Trade receivables	(1,152)		1,48
Loans & Advances Other Current Assets & Financial Assets	(16) (225)		4
Trade Payables Other Liabilities	(1,352) 802		4,516 787
Provisions	30		27
Cash generated from operations	:	353 (1,179)		922 - 5,144
a.Direct Taxes (Paid) Net cash flow from / (used in) operating activities (A)		(1) (1,180)		(326) 4,818
B. Cash flow from/ (used in) investing activities a. Purchase Of Property , plant and equipment	(1,724)	E	(9,358)
b, Proceeds from sale of Property , plant and equipment c. Redemption / (Investment) in Margin Deposites (Net)	+		12
d. Loans Returned back by Subsidiary Company	362 826		(101) (828)
e. (Acquisition) / Sale Proceeds of Investment (Net) f. Investment in subsidiary	432 :		569 (200)
g. Dividend received ti. Interest received	s		:
	103	1	4	49,882)
Net cash flow from/ (used in) investing activities (B) C. Cash flow from/ (used in) financing activities		1 1		(9,882)
a. Long Term Borrowings - Net of Repayment b. Short Term Borrowings - Net of Repayment	3,655 (1,993)		4,089 (4,244)
+. c.Preference sharesredeemed	=		*
d. Interest Paid e. Proceeds from Righht Issue	(380) :		(197) 4,991
f. Dividend paid g. Expenses paid for fund raising	=		(371) (27)
h. Payment towards Lease Liability	: (229)		(776)
Net cash flow from /(used in) financing activities (C)		1,053 1,053		3,465 3,465
Net increase / (decrease) in Cash and cash equivalents (A+B+C) Cash and cash equivalents at the beginning of the year		(126) (5,554)		(1,599) (3,955)
Cash and cash equivalents at the end of the year		(5,680)		(5,554)
Cash and Cash equivalent as per above comprieses of the following
		3		4

• Bank overdraft / cash credit (Note 158) (5,685) (5,559) Balance as per statement of cash flows abi (5,680) (5,554) Figures in brackets represent outflows

For Sadhana Nitra Chem Ltcl.

Agi cee 5

Abhishek Asit Javeri Place: Mumbai Managing Director Date : 13th November 2025 ies eal pees sare eas JN : 00273030) ——

Notes on Standalone Financial Results:

• 1) The un audited standalone financial results for the half year and quarter ended September 30, 2025 were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on November 13, 2025. These unaudited standalone 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.
• 2) The above unaudited standalone financial Result for the half year and quarter ended September 30, 2025 are reviewed 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 unmodified review report was issued by them thereon.
• 3) 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.
• 4) During the half year & quarter ended September 30, 2025 the Company recorded ^ahigher-than-usual loss. 'This outcome is attributable to two primary factors:
• a. Temporary Reduction in Operational Throughput The Company experienced certain technical constraints in its production facilities & liquidity challenges, which led to slower output and partial delays in scheduled dispatches.
• b. Lower Export Offtake in Key Markets Due to External Trade Conditions: Ongoing tariff-related developments affecting the United States have created uncertainty around the import of finished goods into the American market. As a result, customers have adjusted their procurement schedules, including deferring certain planned deliveries until greater clarity emerges. This has also led some European customers to revise delivery timelines to the second half of the year in response to the shifting demand environment.

These factors collectively & negatively affected the financial performance for the half year. The Company expects improvements in subsequent periods as operational stability returns and wider market conditions become more predictable.

• 5) Previous period figures have been regrouped /reclassified, wherever necessary to conform to current period classification
• 6) The above is an extract of the detailed format of the financial results for the half year & quarter ended September 30, 2025 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.

For SADHANAWNITRO CHEM LIMITED

DIN No. 00273030

Place: Mumbai Date: November 13, 2025 (Managing Director)

JAYESH DADIA & ASSOCIATES LLP

CHARTERED ACCOUNTANTS

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

Independent Auditor's Review Report on Quarterly Consolidated Unaudited Financial Results

The Board of Directors M/s. Sadhana Nitro Chem Limited Mumbai,

• 1. We have reviewed the accompanying statement of consolidated unaudited financial results ('the Statement') of M/s. Sadhana Nitro Chem Limited ('the Parent') and its subsidiary (the Parent and its subsidiary together referred to as the "Group") for the quarter & half ended September 30, 2025 (the 'Statement), being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015, as amended.
• 1. This Statement, which is the responsibility of the Parent's Management and is approved by the Parent's Board of Directors in their meeting held on November 13, 2025 has been prepared in accordance with the recognition & measurement principles laid down in Indian Accounting Standard (Ind As) 34, Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India. Our responsibility is to express our conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial & accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standardson Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

• 1. The Statement includes the results of the one wholly owned subsidiary, namely: a. Anuchem B.V.B.A, Belgium
• 1. Based on our review conducted and procedures performed as stated in Paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying statement

of unaudited financial results prepared in accordance with Indian Accounting Standards and other accounting principles and policies, generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended,including the manner in which it is to be disclosed, or that it contains any material misstatement.

1. We did not review, the interim financial results and other financial information, in respect of above-mentioned subsidiary, whose interim financial results reflect total assets of Rs. 1,681.73 lakhs, total revenue of Rs. 14.81 lakhs and total net loss before tax of Rs. 66.85 lakhs for the half year ended September 30, 2025, as considered in these unaudited consolidated financial results. These unaudited financial results and other unaudited financial information have been approved and furnished to us by the management. Our conclusion, in so far as it relates to the affair of this subsidiary, is based solely on such unaudited financial results and other unaudited financial information.

The above subsidiary is located outside India whose financial results and other financial information have been prepared in accordance with accounting principles generally accepted in its country. The Parent's management has converted the financial results of such subsidiary located outside India from accounting principles generally accepted in its country to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Parent's management. Our conclusion so far as it relates to the balances and affairs of such subsidiary located outside India is based solely on such unaudited financial results and other unaudited financial information furnished to us by the management and the conversion adjustments prepared by the management of the Parent and reviewed by us.

Our Conclusion on the Statement is not modified in respect this matters.

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

Jaye ae Dadia

Partner Membership No. 033973

Place: Mumbai Dated: November 13, 2025 UDIN: 25033973BMLCES8979

SADHANA NITRO CHEM LIMITED

Or] Regd. Office : Nanavati Mahalaya, Unit No.501, Sth Floor, 18, Homi Mody Street, Fort, Mumbai - 400 001 ANNDAURE-A aS Tel. No, 022-68663300, E-mail: sadhananitro@sncl.com, website: www.sncl.com

STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULT FOR THE QUARTER & HALF YEAR ENDED SEPTEMBER 30, 2025

Or]		SADHANA NITRO CHEM LIMITED (CIN NO. L24100MH1973PLC016698)			ANNDAURE-A
Regd. Office : Nanavati Mahalaya, Unit No.501, Sth Floor, 18, Homi Mody Street, Fort, Mumbai - 400 001 aS STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULT FOR THE QUARTER & HALF YEAR ENDED SEPTEMBER 30, 2025		Tel. No, 022-68663300, E-mail: sadhananitro@sncl.com, website: www.sncl.com
(Rs. In Lakh) CONSOLIDATED
		QUARTER ENDED		SIX MONTHS ENDED		YEAR ENDED
Particulars	30,09,2025 Unaudited	30.06.2025 Unaudited	30.09.2024 Unaudited	30.09.2025 Unaudited	30.09.2024 Unaudited	31.03.2025 Audited
[Income a) Revenue From Operation	270 (47)	2,810 448	4,288 117	3,080 401	7,898 146	16,555
b) Other Income Total lncome	223	3,258	4,405
Expenses a) Cost of materials consumed				3,481	8,044	183 16,738
	220	548	3,195	768	4,969	8,528
b) Changes in inventories of finished goods, Work in Progress and Stock in trade d) Employees benefits expense	776 510	1,130 465	(1,448) 578	1,906 975	(2,212) 1,189	(2,265) 2,302
	368 485	465 401	399 442	833 886	797 857	1,518 1,750
e) Depreciation and amortisation expenses f) Finance Cost g) Other expenses Total expenses	462 2,821	473 3,482	1,135 4,301	935 6,303	2,162 7,762	3,754 15,587
Profit/(Loss) before Tax and exceptional items (1-2)	(2,598)	(224)	104	(2,822)	282	1,151
Profit/(Loss) before Tax (3+4)	- (2,598)	- (224)	- 104	- (2,822)	- 282	- 1,151
(a) Current Tax / Mat	- -	- -	27 37	- -	68 87	222 89
(b) Prior Period Short / (Excess) Provision of Tax (c) Mat Credit Entitlement (d) Deferred Tax (Liabilities) / Assets	- (44)	- (12)	- 14	- (56)	: 39	- 84
Total Tax Expenses	(43) (2,555)	(12) (212)	78 26	(56) (2,766)	194 88	395 756
(a) Items that will not be re-classified subsequently to
Profit or Loss (Net of Tax) {b) Items that will be re-classified subsequently to	G)	(26)	(8)	(32)	a	i
Profit or Loss (Net of Tax) Total Other Comprehensive Income	i (5) (2,560)	3 (26) (238)	; (8) 18	é (31) (2,797)	44 132	ss 52 808
owners of the company Non controlling Interest	:	S	-	-	-	-
owners of the company Non controlling Interest
Paid up Equity Share Capital C.Y, FV Rs.1/- per share	3,294 *	3,294 +	2471	3,294 s	2,471 *	3,294 *
4 Exceptional Items 6 Add / (Less) Tax Expenses 7 [Net Profit After Tax (5-6) 8 Other Comprehensive income/(loss) 9 Total Comprehensive Income 10] Proifit Attributable to 11]Total Comprehensive Income Attributable to 13 [Earning per Share Basic Diluted * Per Equity Share of FV Rs. 1/- each	(0.78) (0.78)	(0.06) (0.06)	0.01 0.01	(0.84) (0.84)	0.04 0.04	0.23 0.23

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

SADHANA NITRO CHEM LIMITED (CIN NO. L24100MH1973PLC016698) Regd. Office : Nanavati Mahalaya, Unit No.501, 5th Floor, 18, Homi Mody Street, Fort, Mumbai - 400 001
		ANNEXURE: A
Tel. No. 022-68663300, E-mail: sadhananitro@sncl.com, website: www.sncl.com STATEMENT OF UNAUDITED CONSOLIDATED ASSETS & LIABILITIES AS AT 30TH SEPTEMBER 2025		(Rs in Lakh)
PARTICULARS	CONSOLIDATED HALF YEAR ENDED	YEAR ENDED
	UNAUDITED 30.09.2025	AUDITED 31.03.2025
A. Assets 1. Non Current Assets		895
(a) Goodwill on Consolidation (b) Property, Plant and Equipment	: 13,130	14,680
(c) Capital work-in-progress (d) Intangible Assets Under Development	10,915 260	10,036 295
(e) Financial Assets	&	-
Investments (i) (ii) Loans	e	-
(iii) Other financial assets (f) Deferred Tax Asset (net)	326 é	345
(g) Other non current assets	10,740 35,371	9,895 36,146
Sub Total (1) 2, Current assets	11,257	13,532
(a) Inventories (b) Financial Assets
Current Investment (i) (ii) Trade Receivables —	- 13,482	- 12,241
(iii) Cash and Cash Equivalents —	10 516	13 878
(iv) Bank Balances other than (iil) above (v) Loans & Advances	64	103
(vi) Other Financial Assets	449 -	230 -
(c) Income Tax Assets (d) Other Current Assets	465 26,243	537 27,534
Sub Total (2)	-	30
3. Assets held for sale (3)	61,614	63,710
Total (1)+(2)+(3)
EQUITY AND LIABILITIES Equity
(a) Equity Share capital	3,294 21,982	3,294 24,769
(b) Other Equity Sub Total (1)	25,276	28,063
LIABILITIES Non-current liabilities
(a) Financial Liabilities	17,637	13,984
{i) Borrowings (ia) Lease Liabilities	197	681
(ii) Other financial liabilities (b) Provisions	- 482	2 488
(c) Deferred Tax Liabilities(Net)	587 18,903	653 15,806
Sub Total (2) Current liabilities
(a) Financial Liabilities	7,666	9,532
Borrowings (i) (ia) Lease Liabilities	324	542
(ii) Trade payables (a) Due to micro & small enterprises	257	305
(b) Due to other than micro & small enterprises	2,973 4,110	4,540 3,674
(iii) Other financial liabilities (b) Provisions	198	120
(c) Income Tax Liabilities (Net) (d) Other current liabilities	227 1,680	228 900
	17,435	19,841
Sub Total (3)
Total (4)+(2)+(3)	61,614	63,710

For Sadhana Nitro Chem Ltd.

bKishek Asit Javeri Place: Mumbai Managing Director

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

SADHANA NITRO CHEM LIMITED (CIN NO. L24100MH1973PLC016698) ce Regd. Office : Nanavati Mahalaya, Unit No.501, Sth Floor, 18, Homi Mody Street, Fort, Mumbai - 400 001 Tel, No. 022-68663300, E-mail: sadhananitro@sncl.com, website: www.sncl.com STATEMENT OF UNAUDITED CONSOLIDATED CASH FLOW STATEMENT AS AT SEPTEMBER 30, 2025
			ANNEXURE-A
	Half Year Ended		Year Ended	(Rs in Lakh)
PARTICULARS	30-09-2025		31-03-2025
A. Cash flow from operating activities Profit before tax		(2,821)		1,151
Adjustments for: Depreciation and amortisation expenses	833		1,518
Interest on Lease Liabilty	59 796		176 4,488
Interest Expenses Interest Income	(37) (66)		(108) (55)
Unrealised Foreign Exchange (Gain)/Loss (Gain)/Loss on Fair Valuation of Forward Contract	(12)		17 151
: Provision for Doubtful Debts / Bad Debts Notional Interest & Rent on Deposits	68 :		4
(Gain)/Loss on Fair Valuation of Lease Liablity	113 35		(4) 224
Sundry Balances Written off Profit on sale of Subsidiary	(254) -	1,535	:	3,411
Reversal of Provision for dimunition in value of investments		(1,286)		4,562
Operating profit / (loss) before working capital changes Changes in working capital:
Inventories Trade receivables	2,275 (1,168)		(2,060) 305
Loans & Advances Other Current Assets & Financial Assets	(16) (224)		- 7
Trade Payables	(1,574) 802		1,507 769
Other Laibilities Provisions	30	125	28	556
Cash generated from operations		(1,161) (1)		5,118 (331)
a.Direct Taxes (Paid) Net cash flow from / (used in) operating activities (A)		(1,162)		4,787
B. Cash flow from / (used in) investing activities a.Purchase Of Property , plant and equipment	(1,724)		(9,358)
b. Proceeds from sale of Fixed Assets	- 361		12 (101)
c. Redemption / (Investment) in Margin Deposites d. (Acquisition) /Sale of Investment (Net)	432 829		589 -
e. Repayment received for loans given f. Interest received	84	(18)	2	(8,856)
Net cash flow from / (used in) investing activities (B)		(18)		(8,856)
C. Cash flow from / (used in) financing activities a. Borrowings - Net of Repayment	3,654		1,090
b. Short Term Borrowings - Net of Repayment c. Payment to Financial Creditors persuant to NCLT Orders	(1,993)		(1,244) (996)
d. Interest Paid	(381) =		(200) 4,990
e. Money received against share warrants f. Dividend paid including dividend distribution tax	of		(371) (27)
g. Funds raising Expenses h. Payment towards Lease Liability	(229)	1,051	(775)	2,467
Net cash flow from / (used in) financing activities (C)		1,051		2,467 (1,602)
Net increase / (decrease) in Cash and cash equivalents (A+B+C) Cash and cash equivalents at the beginning of the year		(129) (5,546)		(3,944)
Cash and cash equivalents at the end of the year		(5,675)		(5,546)
Cash and Cash equivalent as per above comprieses of the following		3		3
- cash in hand E -Balances with Banks (on current accounts)		7 40		10 13
- Bank overdraft / cash credit (Note 15)		(5,685)		(5,559)
Balance as per statement of cash flows		(5,675)		(5,546)
Figures in brackets represent outflows
Place: Mumbai		Managing Director

Notes on Consolidated Financial Results:

• 1) The above un audited consolidated financial results for the half year & quarter ended September 30, 2025 were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on November 13, 2025. These unaudited 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 above unaudited consolidated results for the half year & quarter ended September 30, 2025 are reviewed 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 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 ie. manufacturing of chemical intermediates, heavy organic chemicals and performance chemicals which is it's primary segment. The Group is also engaged in the manufacture of wireless network equipment & services. 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) During the half year & quarter ended September 30, 2025 the Group recorded ^a higher-than-usual loss. 'This outcome is attributable to two primary factors:
• a. Temporary Reduction in Operational Throughput The Company experienced certain technical constraints in its production facilities & liquidity challenges, which led to slower output and partial delays
• in scheduled dispatches. b. Lower Export Offtake in Key Markets Due to External Trade Conditions: Ongoing tariff-related developments affecting the United States have created
• uncertainty around the import of finished goods into the American market. As a result, customers have adjusted their procurement schedules, including deferring certain planned deliveries until greater clarity emerges. This has

also led some European customers to revise delivery timelines to the second half of the year in response to the shifting demand environment.

These factors collectively & negatively affected the financial performance for the half year. The Company expects improvements in subsequent periods as operational stability returns and wider market conditions become more predictable.

• 6) Previous period figures have been regrouped / reclassified, wherever necessary to conform to current period classification.
• 7) The above is an extract of the detailed format of the results for the half year & quarter ended September 30, 2025 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

Date : November 13, 2025 (Managing Director)

For SADHANA NITRO CHEM LIMITED fo, ^{a a}Jay Cay ⁼

Place: Mumbai 'Abhishek Javeri DIN No. 00273030

——_ SADHANA NITRO CHEM LIMITED

ANNEXURE -B

Date: November 13, 2025

To, To,

BSE Limited, National Stock Exchange of India Limited P.J. Towers, Exchange plaza, C-1, Block G, Dalal Street, Mumbai - 400001 Bandra Kurla Complex, Bandra (E), Scrip Code: 506642 Mumbai-400051, India Symbol: SADHNANIQ

Dear Sir/ Madam,

Sub: Statement of deviation or variation in the use of proceeds raised through the Right Issue

Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby confirm that there is no deviation or variation in the use of proceeds raised through Right Issue. A statement containing that there is no deviation or variations in the ENTIRE utilization of these proceeds, duly reviewed by the Audit Committee, is enclosed herewith.

Kindly take the same on your records.

FOR SADHANA NITROCHEM LIMITED

A b h | S h e k pseudonym=b84e2914757f4fl Jaa40e7bafbda

Digitally signed by Abhishek Asit Javeri ° DN: c=IN, o=Personal, title=7836, lab, 2.5.4.20=34f83 17d40e384ecf23f1 203e3c4b388 51b050c13f8f8cd6a46c@baddosa2895, . ® postalCode—400007, st=Maharashtra, A S | t J a ve rl serlalNumber=0cd6d4315hfb273a7bdo99cbe4 664093fafa4a53dc7a193c10169¢cf1 cicOSbtb, n=Abhishek Asit Javeri Date: 2025.11.13 1&12:13 +05°30"

Abhishek Asit Javeri Managing Director DIN:00273030

Encl. As above

Corporate Office Factory Address Registered Office

10,Bruce Street, 1st Floor, 47, MIDC, Roha - 402116. Nanavati Mahalaya, Unit No. 501, 8/12,Homi Mody Street,Fort, Dist. Raigad (M.S.) 5th Floor, 18 Homi Mody Street Mumbai - 400001 Dhatav, Maharashtra Fort, Mumbai - 400001

sadhananitro@sncl.com | www.sncl.com | CIN : L24110MH1973PLCO16698 | Tel.; +912268663300

SADHANA NITRO CHEM LIMITED
	Statement on Deviation/ Variation in utilisation of funds raised
Particulars	Remarks Name of the listed entity Sadhana Nitro Chem Limited
Mode of fund raising		Rights Issue
Date of raising funds		October 11,2024
Amount raised				Rs.49.91 Crores
Report filed for quarter ended				September 30, 2025
Monitoring Agency Monitoring Agency Name, if applicable				Not applicable Not applicable
Is there a deviation/ variation in use of funds
raised?				No
				If yes. Whether the same is pursuant to change Not applicable
in terms of a contract or objects, which was approved by the shareholders
			Not applicable
If yes, date of shareholders' approval		Not applicable
Explanation for the Deviation / Variation
Comments for the Audit Committee after review			No comments
Comments of the auditors, if any			No comments
Objects for which funds have been raised and where there has been a deviation, in the following table
Original	Modified	Original	Modified	Fund	Amount of Remarks,
Object	Object, if	Allocation allocation, Utilised			Deviation/ if any
	any	(in Rs.	if any		Variation
		Crores_		(in Rs. Crores)	on for the quarter
					according
					to
					applicable object (in

If yes. Whether the same is pursuant to change Not applicable
in terms of a contract or objects, which was
approved by the shareholders
If yes, date of shareholders' approval				Not applicable
Comments for the Audit Committee after				No comments
review
Comments of the auditors, if any				No comments
Objects for which funds have been raised and where there has been a deviation, in the following
Original		Modified	Fund	Amount of Remarks,
Object	Modified Object, if	Original Allocation allocation, Utilised				Deviation/ if any
	any	(in Rs.	if any			Variation
		Crores_			(in Rs.	on for the
					Crores)	quarter
						according
						to
						applicable
						object (in
						Rs. Crores)
Financing Not 1.		Rs.49.91	Not	Applicable Crores	Rs.49.91	Not	No
the acquisition	Applicable Crores				( Entire	Applicable Deviation
of a 126 acre plot of					Utilization of Right
land AND
					Issue
Issue related					Proceeds)
expenses.

Corporate Office 10,Bruc e Street, 1st Floor, 8/12,Homi Mody Street,Fort, Mumba - 400001

47, MIDC, Roha - 402116. Factory Address Dist. Raigad (M.S.) Dhatav, Maharashtra

Registered Office Nanavati Mahalaya, Unit No. 501, 5th Floor, 18 Homi Mody Street Fort, Mumbai - 400001

sadhananitro@sncl.com | www.sncl.com | CIN : L24110MH1973PLCO16698 | Tel.: +912268663300

Deviation or variation could mean:

• (a) Deviation in the objects or purposes for which the funds have been raised or
• (b) Deviation in the amount of funds actually utilized as against what was originally disclosed or
• (c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc.

FOR SADHANA NITROCHEM LIMITED Digitally signed by Abhishek Asit Javerl DN: coN, o=Personal, title=7836,

, udonym=b84e291475 7M4F13aa40e7baf Abhishek == 25420-34483 17d40e384eck23F120363c4 38851 DO50ct 3fBfEcdéadécBbaddoGaBtas * ©, postalCode=400007, st—Maharashtra, A S it J a ve r l serlalNumber=0cd6d4315bfb273a7bd099

004664093 fafadaS3de7a193¢10169¢fI cfc O9bfb, en=Abhishek Asit Javeri Date: 2025.11.13 18:12:39 +05'30"

Abhishek Asit Javeri Managing Director DIN:00273030

Corporate Office Factory Address Registered Office 10,Bruce Street, 1st Floor, 47, MIDC, Roha - 402116. Nanavati Mahalaya, Unit No. 501, 8/12,Homi Mody Street,Fort, Dist. Raigad (M.S.) 5th Floor, 18 Homi Mody Street Mumbai - 400001 Dhatav, Maharashtra Fort, Mumbai - 400001

sadhananitro@sncl.com | www.sncl.com | CIN : L24110MH1973PLCO16698 | Tel.; +912268663300