Sudarshan Colorants receives GST penalty order of Rs. 3,59,484

2 min read Updated on 24 Jun 2026, 12:35 PM

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Riya DScanX News Team

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Sudarshan Colorants India Ltd received a GST penalty order of Rs. 3,59,484 from the Commercial Tax Officer, Cuddalore, for April 2025. The company stated the order is appealable and it is in the process of filing an appeal, adding that there will be no impact on its financial or operational activities.

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Sudarshan Colorants India Ltd has received a penalty order of Rs. 3,59,484 from the Office of the Commercial Tax Officer, Jurisdiction: Cuddalore, Tamil Nadu, regarding Goods and Services Tax (GST) for April 2025. The order, issued in Form DRC-07 on June 23, 2026, imposes a penalty of Rs. 3,59,484, while the tax and interest components are nil. The company disclosed that the order is appealable and it is currently in the process of filing an appeal before the appropriate authority.

The company stated that it believes it has a strong case on all points raised by the tax authority. Consequently, Sudarshan Colorants India Ltd maintains that there will be no impact on its financial, operational, or other activities due to the issuance of this order. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the GST Order

The following table outlines the key details of the order received by the company:

Sr No.	Particulars	Information / Remarks
1.	Name of the Authority	Office of the Commercial Tax Officer, Jurisdiction: Cuddalore, Tamil Nadu
2.	Nature and details of the action(s) taken or order(s) passed	GST DRC-07 dated June 23, 2026 for the period April, 2025 for an aggregate amount of Rs. 3,59,484/- (includes amount of Tax Rs. Nil, amount of interest Rs. Nil and amount of penalty Rs. 3,59,484/-).
3.	Date of receipt of direction or order	Demand Order received on June 23, 2026
4.	Details of the violation(s) / contravention(s) committed	After completion of the Audit for the period April, 2025, Office of the Commercial Tax Officer, Jurisdiction: Cuddalore, Tamil Nadu, issued an Order in Form DRC 07 consisting of the demand as mentioned in Point No. 2 above.
5.	Impact on financial, operation or other activities	The Company believes that it has a good case on all the points raised by Office of the Commercial Tax Officer. The Order is appealable and Company is in the process of filing the appeal before the appropriate authority. Hence, we believe that there will not be any impact on the financial, operation or other activities of the Company due to issuance of the aforesaid Order.

Sudarshan Colorants India Limited, formerly known as Heubach Colorants India Limited, is headquartered in Navi Mumbai. The company’s scrip code on BSE Limited is 506390, and the scrip symbol on the National Stock Exchange of India Limited is SUDARCOLOR.

Historical Stock Returns for Sudarshan Colorants

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.42%	-3.92%	-5.43%	-22.51%	-39.71%	-39.16%

What is the expected timeline for the appeal process and a final resolution?

Could this penalty indicate a broader trend of increased GST scrutiny for the chemical sector?

How might repeated tax disputes affect investor confidence in the company's compliance standards?

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Sudarshan Colorants confirms no share encumbrance in FY26

1 min read Updated on 20 Jun 2026, 05:00 AM

Reviewed by

Shriram SScanX News Team

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Sudarshan Colorants India Ltd confirmed that its promoter group did not encumber any shares during FY26. The promoter group holds 70.25% of the total share capital, with Colorants International AG being the largest shareholder.

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Sudarshan Colorants India Ltd confirmed that members of its promoter group have not encumbered any shares directly or indirectly during the financial year ended March 31, 2026. This disclosure was submitted to the stock exchanges pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The confirmation was provided by Rajesh Balkrishna Rathi, a member of the promoter and promoter group.

The filing detailed the shareholding pattern of the promoter and promoter group as on March 31, 2026. The data indicates that the promoter group collectively holds a 70.25% stake in the company, totaling 16,216,847 shares. The majority of the listed entities within the promoter group reported nil holdings, with three foreign entities accounting for the entire shareholding.

Colorants International AG holds the largest portion within the promoter group with 8,439,385 shares, representing a 36.56% stake. Ebito Chemieeteiligungen AG follows with 4,109,426 shares, translating to a 17.80% shareholding. Sudarshan Europe B.V. holds 3,668,036 shares, which accounts for 15.89% of the company's equity.

The list of promoter group members includes various domestic and international entities, many of which are subsidiaries or associated companies such as Sudarshan Chemical Industries Limited, RIECO Industries Limited, and numerous geographically designated entities like Sudarshan Japan Limited and Sudarshan North America Inc. However, none of these entities other than the three specified foreign entities hold any shares as of the reported date.

The disclosure confirms compliance with regulatory requirements regarding the disclosure of encumbrance by promoters. The company, formerly known as Heubach Colorants India Limited, is headquartered in Navi Mumbai and operates in the chemical manufacturing sector.

Historical Stock Returns for Sudarshan Colorants