Sadhana Nitro - Outcome of Board Meeting

Sadhana Nitro Chem Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 15, 2009, inter alia, has decided as under:

- Increase Authorised Capital from Rs. 11,00,00,000/- (Rupees Eleven Crores) divided into
1,00,00,000/- (One Crore) Equity Shares of Rs. 10/- (Rupees Ten) each and 10,00,000 (Ten
Lakhs) Unclassified Shares of Rs. 10/- (Rupees Ten) each to Rs. 20,00,00,000/- (Rupees Twenty Crores) divided into 19000000 (One Crore Ninety Lakhs) Equity Shares of Rs. 10/- (Rupees Ten) each and 1000000 (Ten Lakhs) Unclassified Shares of Rs. 10/- (Rupee Ten) each.

For suitably amending Article of Association and Memorandum of Association for above increased authorised capital it was decided an Extraordinary General Meeting of the Members of the Company will be convened, the day, date, time and place of said Extraordinary General Meeting will be fixed up in the next Board Meeting to be held on October 28, 2009.