Sudarshan Chemical Industries Limited , a leading chemical company, has completed a significant shareholding reclassification, moving 8.21% of its equity from the Promoter/Promoter Group category to the Public category. This change, approved by company members through a postal ballot on September 6, 2025, was implemented in the depository system on September 9, 2025.

Details of the Reclassification

The reclassification involved three individuals:

1. Mr. Pradeep Ramwilas Rathi (4.36% shareholding)
2. Mr. Rahul Pradeep Rathi (3.85% shareholding)
3. Mrs. Subhadra Pradeep Rathi (no shares held)

Together, these individuals represented a total of 64,48,599 equity shares, accounting for 8.21% of the company's total shareholding.

Implementation and Confirmation

MUFG Intime India Private Limited, the company's Registrar and Share Transfer Agent, confirmed the reclassification on September 9, 2025. Following this change, Sudarshan Chemical Industries has submitted an updated shareholding pattern to the stock exchanges.

Current Promoter and Promoter Group Holding

After the reclassification, the remaining promoter and promoter group members now hold 8.19% of the company. This represents a significant reduction in the promoter group's stake in Sudarshan Chemical Industries.

Regulatory Compliance

The reclassification process was carried out in compliance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sudarshan Chemical Industries has duly informed the stock exchanges about this development, ensuring transparency and adherence to regulatory requirements.

Impact on Company Structure

This move represents a notable shift in the ownership structure of Sudarshan Chemical Industries Limited. The reduction in promoter holding and the corresponding increase in public shareholding could potentially impact the company's governance dynamics.

Sudarshan Chemical Industries Limited , a leading pigment manufacturer, has announced a significant change in its shareholding structure following shareholder approval for the reclassification of certain promoter group members to the public category.

Shareholder Approval via Postal Ballot

The company informed the stock exchanges that it has received shareholder approval through a postal ballot for the reclassification of specific individuals from the 'Promoter/Promoter Group' category to the 'Public' category. This move is in line with Regulation 31A(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Individuals Reclassified

The reclassification applies to the following individuals:

1. Mr. Pradeep Ramwilas Rathi
2. Mr. Rahul Pradeep Rathi
3. Mrs. Subhadra Pradeep Rathi

Shareholding Impact

The reclassification significantly alters the company's shareholding structure:

Mr. Pradeep Ramwilas Rathi holds 34,24,740 shares (4.36% of the company), while Mr. Rahul Pradeep Rathi owns 30,23,859 shares (3.85%). Mrs. Subhadra Pradeep Rathi does not hold any shares in the company.

Regulatory Compliance

Sudarshan Chemical Industries Limited has stated that this reclassification is in compliance with Regulation 31A(8) of the SEBI Listing Regulations, 2015. The company has duly informed the stock exchanges about this development.

Management Statement

Mandar Velankar, General Counsel and Company Secretary of Sudarshan Chemical Industries Limited, confirmed the shareholder approval and subsequent reclassification in the company's communication to the stock exchanges.

This reclassification marks a significant shift in Sudarshan Chemical's ownership structure, potentially impacting the company's governance and public perception.