Snehaa Organics Limited (SNEHAA)
SNEHAA delivery percentage
NSE end-of-day data for
On Fri, 23 Oct 2026, 100.0% of the SNEHAA shares traded on NSE were taken to delivery, against the stock's own 20-session average of 91.06%. That is close to its usual level. Turnover was only ₹1 lakh, so a handful of trades can move this figure. Volume was 0.3 times its average, well below normal.
Delivery in the last 5 sessions: 61.1% · 50.0% · 100.0% · 100.0% · 100.0%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Snehaa Organics Limited has issued the notice for its Annual General Meeting scheduled for September 30, 2026, alongside releasing its FY 2025-26 Annual Report. The remote e-voting window runs from September 27 to September 29, 2026, with a record/cut-off date of September 23, 2026. The disclosures highlight an operational processing capacity exceeding 1,000 KL per month across 60 KL Kettles and 30 KL Reactors. Notably, financial notes reveal significant concentration risk, with related parties accounting for approximately 52% of operational revenue and 55% of outstanding trade receivables.
- AGM scheduled for September 30, 2026, with cut-off date fixed at September 23, 2026
- Remote e-voting open from September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
- Solvent recovery facility maintains capacity of 60 KL Kettles, 30 KL Reactors, processing >1,000 KL monthly
- Related parties accounted for ~52% of revenue from operations and ~55% of trade receivables in FY26
Snehaa Organics Limited held a board meeting on September 02, 2026, approving the Directors' Report and Secretarial Audit Report for the financial year ended March 31, 2026. The company scheduled its 4th Annual General Meeting (AGM) for September 30, 2026, via Video Conferencing/OAVM. The cut-off date for e-voting eligibility is fixed as September 23, 2026, with remote e-voting open from September 27 to September 29, 2026. Agenda items include ordinary business and approval of Material Related Party Transactions under special business.
- 4th Annual General Meeting convened for September 30, 2026 at 4:00 PM IST via VC/OAVM
- Record/cut-off date set as September 23, 2026 for shareholder e-voting eligibility
- Remote e-voting scheduled from September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
- Special business on agenda includes approval of Material Related Party Transactions
Financial Performance
Capital Expenditure
The company raised INR 32.68 Cr through an IPO in September 2025, with capital expenditure listed as one of the primary objects for fund utilization. As of September 30, 2025, INR 7.938 Cr (24.28% of gross proceeds) has been utilized across various objects.
Credit Rating & Borrowing
Infomerics Valuation and Rating Limited serves as the company's Monitoring Agency and Credit Rating Agency. Unutilized IPO funds of INR 15 Cr are currently deployed in Fixed Deposits across six accounts of INR 2.50 Cr each, earning a return of 6.60% with maturity dates in March 2027.
Operational Drivers
Raw Materials
Spent solvents (recycled for industrial reuse) represent the primary input for the business.
Strategic Growth
Growth Strategy
The company aims to achieve growth by utilizing INR 32.68 Cr in IPO proceeds to fund a projected INR 42.87 Cr working capital requirement for FY 2025-26. This capital supports the strategy of offering longer credit periods to customers to increase business volume in the recycled and purified solvent market.
Products & Services
Purified solvents (recycled from spent solvents) and trading of purified solvents for industrial reuse.
Brand Portfolio
Snehaa Organics.
External Factors
Industry Trends
The industry is shifting toward circular economy practices, specifically the recycling of industrial spent solvents. Snehaa is positioned to benefit from this trend by providing industrial reuse solutions, though it must navigate strict SEBI ICDR and LODR regulatory frameworks as a newly listed SME.
Competitive Moat
The company's moat is based on its specialized capability to recycle spent solvents into purified industrial-grade solvents, providing a cost-advantaged and sustainable alternative to virgin chemical production.
Regulatory & Governance
Industry Regulations
The company is governed by SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It is currently exempt from Regulation 27(2) Corporate Governance reporting due to its listing on the NSE Emerge (SME) platform.
Environmental Compliance
The company's core business of recycling spent solvents is subject to industrial environmental standards, though specific compliance costs are not disclosed.
Legal Contingencies
The company received an Administrative Warning from SEBI (SEBI/HO/CFD/SEC-3/0W/P/2025/31087/1) on December 12, 2025, for non-compliance with ICDR Regulations regarding a promoter interview published on August 30, 2025, during the IPO period.
Risk Analysis
Key Uncertainties
Key risks include regulatory scrutiny following the SEBI administrative warning and the high dependency on efficient working capital management to sustain the INR 42.87 Cr requirement for FY26.
Geographic Concentration Risk
Operations are concentrated in Telangana, with the registered office in Hyderabad (Rangareddi) and the factory in Sangareddy District (Bollaram Village).
Credit & Counterparty Risk
The company faces significant credit counterparty risk as it offers 'longer credit periods' to customers, leading to funds being blocked in trade receivables.
