Sudarshan Chemical Industries has executed a share purchase agreement to acquire a 15.89% stake in its subsidiary Sudarshan Colorants India for ₹150.76 crore.

Transaction details

The following table summarises the key parameters of the transaction as disclosed:

Sudarshan Chemical Industries is acquiring the stake through a formal agreement signed on September 28, 2026. The transaction involves the purchase of 36,68,036 equity shares of face value ₹10 each, constituting 15.89% of the total share capital of the target company.

Context and regulatory update

This execution follows an earlier disclosure dated August 12, 2026, wherein the company proposed to acquire 70.26% of the total shareholding of Sudarshan Colorants India (formerly Heubach Colorants India Limited). The current agreement specifically covers the acquisition of shares from Sudarshan Europe B.V., a wholly owned subsidiary of the company.

The acquisition is proposed to be consummated on or after September 29, 2026, in accordance with applicable law. Further updates regarding the proposed transactions will be reported in terms of SEBI Listing Regulations, 2015.

Sudarshan Chemical Industries has scheduled a series of meetings with institutional investors spanning September 29 and September 30, 2026. The company will hold five in-person interactions on the 29th and one virtual meeting on the 30th.

The company filed intimations with stock exchanges regarding these interactions. The meetings are intended to provide direct access to the management for key institutional stakeholders.

Meeting schedule and participants

The interactions are spread across two days. Five major financial institutions have been listed for in-person discussions on September 29, while a sixth institution joins via a virtual platform on September 30.

Regulatory compliance and disclosures

The announcements were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filings were signed by Rajesh Balkrishna Rathi, Chairman and Managing Director.

The company stated that it does not intend to discuss any unpublished price sensitive information during these meetings. The schedules remain subject to change due to logistical constraints or last-minute conflicts.