Sudarshan Colorants India Limited (formerly Heubach Colorants India Limited) will convene its 69th Annual General Meeting (AGM) on Tuesday, August 18, 2026, at 2:00 p.m. (IST). The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) in compliance with the Companies Act, 2013, and relevant circulars from the Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI). Shareholders are required to register or update their email addresses to receive the AGM notice, annual report, and login credentials for e-voting.

The company published advertisements in Business Standard and Lakshadeep newspapers to inform members of the upcoming meeting. Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Sudarshan Colorants submitted details of these publications to the Bombay Stock Exchange and National Stock Exchange of India Limited on July 27, 2026. The notice and annual report for FY25-26 will be dispatched electronically to members with registered email IDs.

Meeting Logistics and Access

Members holding shares in physical mode must submit prescribed forms along with supporting documents to the Registrar and Share Transfer Agent (RTA) at investor.helpdesk@in.mpms.mufg.com to register or update their details. For those holding securities in dematerialised mode, contact with the respective Depository Participant (DP) is necessary to update KYC, nomination choices, and email addresses. Members attending via VC/OAVM will be counted towards the quorum as per legal provisions.

Document Availability

The AGM notice and annual report will be accessible on the following platforms:

Members without registered email addresses will receive a letter containing the weblink to the annual report at their registered postal address.

Voting Procedures

Shareholders can exercise their voting rights through remote e-voting or during the AGM via VC/OAVM. Detailed instructions for both remote and live e-voting, as well as procedures for attending the meeting, will be provided in the formal AGM Notice. Adwait Joshi, Company Secretary, signed the intimation dated July 25, 2026, from Pune, Maharashtra.

sudarshan colorants reported a 5.4% decline in revenue from operations to ₹780.63 crore and a 13.4% drop in profit after tax (PAT) to ₹44.53 crore for the financial year ended March 31, 2026. The financial contraction reflects broader global market softness, significant customer inventory destocking, and the operational complexities of integrating the Heubach Group acquisition into the ONE Sudarshan platform. Despite the headline decline, management emphasized that underlying business fundamentals strengthened through improved customer relationships and an expanded product portfolio.

Operating EBITDA fell to ₹57.95 crore from ₹81.80 crore in FY25, resulting in an operating margin of 9.90%, down from the previous year’s levels. Exports contributed 26% of total revenue, demonstrating continued global reach despite headwinds in US markets due to tariff uncertainties. Markets outside the US grew by 7%, offsetting some of the domestic and American slowdowns. The company incurred a capital expenditure of ₹25.34 crore during the year to support expansion plans and operational optimization.

Integration and Operational Updates

The fiscal year marked the formal culmination of the integration journey that began with the Sudarshan Chemical Group’s acquisition of the Heubach Group in March 2025. On December 12, 2025, Heubach Colorants India Limited was renamed Sudarshan Colorants India Limited, signaling full alignment with the parent group. This transition involved consolidating sales teams, realizing procurement synergies, and initiating IT system harmonization across the group.

Management highlighted that the destocking cycle has largely run its course, with domestic demand in coatings and plastics expected to strengthen in FY27. The company is targeting a return to growth supported by new account wins and the broader portfolio access provided by the ONE Sudarshan group. Select AZO products are being transitioned from Frankfurt to Roha, while the Cuddalore facility is expanding its mix of commodity and specialty products.

Sustainability and Governance

Sustainability initiatives showed measurable progress, with renewable energy contributing 58% of total electricity consumption in FY26. The Roha facility’s solar installation now meets approximately 50% of its electricity needs, while the Cuddalore site increased its renewable share from 62% to 75% through a hybrid wind-solar model. The company operates from a largely debt-free balance sheet, providing flexibility for future investments.

Governance structures were reinforced with the appointment of PricewaterhouseCoopers Services LLP as Internal Auditor. The statutory audit by MSKA & Associates LLP resulted in an unmodified opinion. The Board did not recommend a dividend for FY26, citing the need to retain capital for ongoing integration and growth initiatives. The 69th Annual General Meeting is scheduled for August 18, 2026, where shareholders will ratify the remuneration of Cost Auditors for FY27.

What the Numbers Show

The divergence between revenue decline and margin pressure suggests that integration costs and volume losses were not fully offset by pricing power or cost efficiencies in FY26. While EBITDA margins remained at 9.90%, the absolute drop in operating profit indicates that fixed cost absorption suffered during the low-volume period. The strong export contribution of 26% highlights the company’s reliance on international markets, which remain vulnerable to geopolitical shifts and tariff policies, particularly in the US. However, the debt-free status provides a resilient foundation for navigating the current cyclical downturn.