Sudarshan Colorants India Receives GST Order Worth Rs 62.06 Lakhs from Cuddalore Tax Authority

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:

Component:	Amount (Rs)
Tax Amount:	43,35,526
Interest:	11,52,419
Penalty:	7,18,703
Total Demand:	62,06,648

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.

Sudarshan Colorants India Limited has formally announced the resignation of its Chief Financial Officer Mr. Jugal Sahu, effective close of business hours on March 09, 2026. The announcement was made through a regulatory filing to BSE Limited and National Stock Exchange of India Limited on March 10, 2026, in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Resignation Details and Timeline

Mr. Sahu's resignation follows the completion of a notice period as per company policy. According to the resignation letter dated December 9, 2025, addressed to Managing Director Mr. Sambit Roy, Mr. Sahu had initially requested to serve a notice period of up to 30 days with a request for waiver of the remaining notice period as per his employment contract clauses.

Parameter:	Details
Effective Date:	March 09, 2026 (close of business hours)
Notice Period:	Served as per company policy
Resignation Letter Date:	December 9, 2025
Tenure with Company:	Three years
Equity Shares Held:	Nil

Impact on Corporate Structure

With Mr. Sahu's resignation, he has ceased to hold multiple key positions within the organizational structure. His departure affects several critical roles as he was serving as Chief Financial Officer, Key Managerial Personnel, and Senior Management Personnel of the company. Additionally, he was an official authorized to determine the materiality of events or information and make appropriate disclosures on a timely basis as per Regulation 30(5) of SEBI Listing Regulations, 2015.

Company's Response and Next Steps

Sudarshan Colorants India Limited has placed on record its appreciation for Mr. Sahu's contributions during his tenure with the company. In his resignation letter, Mr. Sahu expressed gratitude for the opportunity to work with the organization over the past three years, describing it as a valuable and enriching experience. He committed to fully support and ensure a smooth handover of his responsibilities during the transition period.

The company has indicated that it is currently in the process of filling the resultant vacancy. Details about Mr. Sahu's successor will be communicated to the stock exchanges as and when the appointment is finalized.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI Listing Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14/(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The announcement was signed by Company Secretary Adwait Joshi and included comprehensive details as required under the regulatory framework for senior management changes.