Outcome of board meeting of Sadhana Nitro Chem

Held on 27 November 2014

Sadhana Nitro Chem announced that the Board of Directors of the Company at its meeting held on 27 November 2014, has approved the following:

1. Subject to approval of shareholders, the increase in Capital from 11,00,00,000/- (Rupees Eleven Crores Only) divided into 92,50,000 (Ninety Two Lacs Fifty Thousand) equity shares of Rs. 10/- (Rupees Ten) each and 17,50,000 (Seventeen Lacs Fifty Thousand) Preference Shares of Rs. 10/- (Rupees Ten) each to Rs. 21,00,00,000/- (Rupees Twenty One Crore only) divided into 92,50,000 (Ninety Two Lacs Fifty Thousand) equity shares of Rs. 10/- (Rupees Ten) each and 1,17,50,000 (One Crore Seventeen Lakhs and Fifty Thousand) Preference Shares of Rs. 10/- (Rupees Ten) each.

2. Subject to the approval of the shareholders of the Company, the proposal to make private placement of 9% Cumulative Non Convertible Preference Shares by way of preferential issue to Promoters and/or Promoter Group and/or the Holding Company.

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