Sudarshan Chemical Industries Limited promoter Rajesh Rathi converted 9,80,000 warrants into equity shares at an issue price of ₹1,019.75 each, reinforcing his stake in the company. The conversion was completed on June 10, 2026, raising the promoter group holding to 9.32% from 8.19%. The warrants were originally allotted in December 2024.

The conversion price represented a premium of about 16% to the market price on June 10, 2026. By exercising the warrants, Rathi completed a capital commitment of close to ₹100 crore. The company disclosed this development in a press release submitted to the exchanges on June 16, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Rathi, who serves as Global Chairman and Managing Director, stated that the conversion reflects his confidence in the company's future. He emphasized his long-term commitment to Sudarshan Chemical Industries , citing its strong global platform and growth prospects.

Sudarshan Chemical Industries operates 19 production sites and serves over 4,000 customers in more than 120 countries. The company recently expanded its international footprint by opening a second global head office in Frankfurt following the acquisition of the Heubach Group in March 2025.

Key Details of Warrant Conversion

Sudarshan Chemical Industries Limited inaugurated its second global head office at the Hillside Office Building in Schwalbach am Taunus, near Frankfurt, Germany, on June 9, 2026. The nearly 21,000 sq ft facility serves as a strategic hub to support the company's post-acquisition integration and long-term growth ambitions in Europe. This milestone follows Sudarshan's acquisition of the Heubach Group in March 2025.

The new office is located approximately 11 km from Sudarshan's production site at the Industriepark Höchst. It features an open-plan space designed to foster collaboration across the company's unified global operations. This site functions alongside Sudarshan's existing global head office in Pune, India. The office space is leased under Sudarshan Germany Horizons GmbH, the company's German operating entity.

Leadership Perspectives

Rajesh Rathi, Global Chairman and Managing Director of Sudarshan, stated that the Frankfurt Hillside Office signals the importance of Germany and Europe to the company's global ambitions. He noted that the workspace reflects the scale and direction of the company's future trajectory.

Dr. Klaus-Dieter Baumgart, Chief Technology Officer of Sudarshan Chemical Industries Limited and Managing Director of Sudarshan Germany Horizons GmbH, emphasized Frankfurt's centrality to global operations. He expressed pride in leading German operations from the new facility, describing it as a strong foundation for future developments.

Operational Scale

Sudarshan operates with a combined heritage of over 270 years in pigment manufacturing. The company serves customers across coatings, plastics, inks, and cosmetics with a portfolio of organic, inorganic, and pearlescent pigments. The following table highlights the company's global footprint: