Sudarshan colorants India Limited has announced the cessation of Mr. Sunirmal Talukdar as Non-Executive and Independent Director, effective March 31, 2026. The departure marks the natural conclusion of his second five-year term as an Independent Director of the company.

Director Tenure Details

Mr. Sunirmal Talukdar's directorship journey with the company demonstrates a structured governance approach. The key timeline details are presented below:

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The cessation represents a completion of tenure rather than resignation or removal, indicating a planned transition in the company's board composition.

The notification was filed with both BSE Limited and National Stock Exchange of India Limited, ensuring comprehensive market disclosure. The company has provided detailed annexure information as required under SEBI Master Circular No. HO/49/14/14/(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Board Recognition

The Board of Directors and Management have formally acknowledged Mr. Talukdar's contributions during his tenure. The company has placed on record its appreciation for the invaluable contribution, guidance, and services rendered by Mr. Sunirmal Talukdar throughout his period as Non-Executive and Independent Director.

Corporate Governance Impact

This cessation represents a natural board transition as part of the company's governance framework. Independent Directors serve specific terms to ensure fresh perspectives and maintain board independence. The completion of Mr. Talukdar's second term aligns with standard corporate governance practices for Independent Director tenure limits.

The announcement was signed by Company Secretary Adwait Joshi on March 31, 2026, confirming the formal completion of all regulatory requirements related to the directorship cessation.

Sudarshan colorants India Limited has disclosed receiving a GST order from the Commercial Tax Officer in Cuddalore, Tamil Nadu, amounting to Rs 62.06 lakhs. The company made this disclosure on March 23, 2026, in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

GST Order Details

The order, issued in Form DRC-07, covers the period from April 2024 to March 2025. The total demand comprises multiple components as detailed below:

Background and Process

The Commercial Tax Officer, Jurisdiction Chidambaram-I, Cuddalore, Tamil Nadu, had initially issued a notice in Form DRC-01 for the specified period. The company submitted its response to this notice, following which the authority conducted verification and subsequently issued the order in Form DRC-07 with the aforementioned tax demand.

Company's Response and Impact Assessment

Sudarshan Colorants India Limited has expressed confidence in its position regarding the issues raised by the tax authority. The company believes it has a strong case on all points mentioned in the order and has indicated its intention to file an appeal before the appropriate authority.

Regarding operational impact, the company has stated that it expects no adverse effects on its financial, operational, or other business activities due to the issuance of this order. This assessment is based on the company's belief in the strength of its case and the appealable nature of the order.

Regulatory Compliance

The disclosure was made pursuant to SEBI Listing Regulations, 2015, and follows the guidelines outlined in SEBI Master Circular No. HO/49/14/14/(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company has provided comprehensive details as required under the regulatory framework, ensuring transparency with stakeholders regarding this tax matter.