Sudarshan Chemical Industries Appoints New Directors, Reports Q1 Results, and Provides Fund Utilization Update

2 min read     Updated on 23 Sept 2025, 05:52 PM
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Shriram ShekharScanX News Team
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Overview

Sudarshan Chemical Industries has appointed three new directors effective October 1, 2025. The company reported Q1 FY26 consolidated revenue of ₹2,506.90 crore and profit of ₹55.00 crore, showing significant growth. It has utilized ₹799.17 crores from its ₹800 crore QIP for various purposes including the acquisition of Heubach Group's global pigment business. The company's pigment segment reported revenue of ₹2,456.60 crore for Q1 FY26.

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Sudarshan Chemical Industries Limited , a leading player in the pigments industry, has announced significant changes to its board composition, reported its financial results for the first quarter, and provided an update on fund utilization.

Board Appointments

The company's Board of Directors has approved the appointment of three new directors, effective October 1, 2025, subject to shareholder approval:

  1. Mr. Apurva Chandra - Appointed as an Independent Director for a five-year term. Mr. Chandra is a retired Indian Administrative Service (IAS) officer with over 36 years of distinguished service in various government roles.

  2. Mr. Rajendra Mariwala - Appointed as an Independent Director for a five-year term. Mr. Mariwala brings over three decades of experience in the fragrance industry and 18 years in leading competitive businesses in the specialty chemicals sector.

  3. Mr. Amitabha Mukhopadhyay - Appointed as a Non-Executive Director. Mr. Mukhopadhyay is a fellow member of the Institute of Chartered Accountants of India (ICAI) and a practicing lawyer with extensive experience in finance, legal, and business divisions of renowned companies.

Q1 Financial Performance

Sudarshan Chemical Industries has reported its unaudited financial results for the quarter ended June 30, 2025:

Standalone Results:

  • Revenue from operations: ₹531.20 crore
  • Profit for the quarter: ₹73.30 crore

Consolidated Results:

  • Revenue from operations: ₹2,506.90 crore
  • Profit for the quarter: ₹55.00 crore

Key Financial Highlights (Consolidated):

Particulars (₹ in Crore) Q1 FY26 Q4 FY25 Q1 FY25
Revenue from operations 2,506.90 1,349.40 633.60
Total income 2,532.70 1,369.80 637.10
Profit before tax 82.20 10.60 41.10
Profit for the quarter 55.00 0.40 29.40

The company has shown significant growth in revenue and profitability compared to both the previous quarter and the same quarter last year.

Segment Performance

The company's business is divided into two reporting segments:

  1. Pigments: This segment reported revenue of ₹2,456.60 crore for Q1 FY26.
  2. Others: This segment, which includes project engineering and manufacturing business of grinding solutions, clean air solutions, and power handling solutions, reported revenue of ₹50.40 crore.

Fund Utilization Update

Sudarshan Chemical Industries has submitted its quarterly fund utilization statement for the quarter ended June 30, 2025. Key points include:

  • The company raised approximately ₹800 crores through a Qualified Institutions Placement (QIP) on January 29, 2025, issuing 74,76,635 equity shares at ₹1,070 per share.
  • Out of the total funds, ₹799.17 crores have been utilized, with ₹0.83 crore remaining unutilized for issue expenses.
  • The funds were allocated for investment in subsidiary Sudarshan Europe B.V. for acquiring Heubach Group's global pigment business operations, debt repayment, general corporate purposes, and issue expenses.
  • Additionally, the company reported complete utilization of ₹99 crores raised through Non-Convertible Debentures in July 2022 for working capital debt repayment, capital expenditure reimbursement, and operating liabilities payment.
  • No deviations were reported in fund utilization for either fundraising.

Other Developments

  • The company completed the acquisition of the global pigment business operations of the Heubach Group on March 3, 2025, which has impacted the financial results for Q1 FY26.
  • Sudarshan Chemical Industries repaid its Non-Convertible Debentures (NCDs) in full on July 18, 2025.
  • The company's trading window for dealing in securities will reopen on September 26, 2025.

Sudarshan Chemical Industries continues to strengthen its position in the pigments industry through strategic appointments and acquisitions, while demonstrating strong financial performance in the first quarter and efficient fund utilization.

Historical Stock Returns for Sudarshan Chemical Industries

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-0.19%-2.74%-8.15%+35.68%+29.13%+183.24%
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Sudarshan Chemical Industries Declares Rs. 4.50 Final Dividend for FY2025, Outlines Detailed Tax Deduction Guidelines

2 min read     Updated on 11 Sept 2025, 06:15 PM
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Jubin VergheseScanX News Team
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Overview

Sudarshan Chemical Industries Limited has announced a final dividend of Rs. 4.50 per equity share for FY 2024-25, subject to shareholder approval. The dividend represents 225% of the face value of Rs. 2.00 per share. The record date is set for September 22, 2025, with the Annual General Meeting scheduled for September 29, 2025. The company provided detailed guidelines on Tax Deduction at Source (TDS) for various shareholder categories, including resident and non-resident shareholders. Exemptions and special considerations for certain entities were outlined. Shareholders are required to submit necessary documents by September 22, 2025, to claim exemptions or lower tax rates. The company emphasized the importance of updated bank details and correct PAN information for smooth dividend processing.

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*this image is generated using AI for illustrative purposes only.

Sudarshan Chemical Industries Limited , a prominent player in the chemical industry, has announced a final dividend of Rs. 4.50 per equity share for the financial year 2024-25, subject to shareholder approval. The company's Board of Directors declared this dividend, which represents 225% of the face value of Rs. 2.00 per share.

Key Dividend Details

Item Detail
Dividend Amount Rs. 4.50 per equity share
Dividend Percentage 225% of face value
Financial Year 2024-25
Record Date September 22, 2025
Annual General Meeting September 29, 2025

Tax Deduction Guidelines

Sudarshan Chemical Industries has provided comprehensive guidelines for Tax Deduction at Source (TDS) on the dividend payment, in compliance with the Income Tax Act, 1961, as amended by the Finance Act, 2020.

For Resident Shareholders:

  • No TDS: For individual shareholders with total dividend up to Rs. 10,000.00 in a financial year
  • 10% TDS: For shareholders with valid PAN
  • 20% TDS: For shareholders without PAN or with invalid PAN

For Non-Resident Shareholders:

  • 20% TDS (plus applicable surcharge and cess) or as per Double Taxation Avoidance Agreement (DTAA) rates, whichever is lower

Exemptions and Special Categories

The company has outlined specific exemptions and requirements for various categories of shareholders:

  1. Insurance Companies, Mutual Funds, and Alternative Investment Funds: Exempt from TDS subject to specified conditions and document submission
  2. New Pension System (NPS) Trusts: Exempt from TDS with proper documentation
  3. Government Entities: Covered under Section 196 of the Income Tax Act are exempt

Document Submission

Shareholders claiming exemptions or lower tax rates must submit the required documents by September 22, 2025. These include:

  • Form 15G/15H for resident individuals meeting specific criteria
  • Tax Residency Certificate and Form 10F for non-resident shareholders claiming DTAA benefits
  • Valid SEBI registration certificates for eligible institutional investors

Electronic Payment and Bank Details Update

Sudarshan Chemical Industries emphasized that dividend payments will be made electronically. Shareholders are urged to update their bank account details:

  • For dematerialized shares: Update with the Depository Participant
  • For physical shares: Update with MUFG Intime India Private Limited, the company's Registrar and Transfer Agent

Importance of PAN and Residential Status

The company stressed the importance of shareholders ensuring their PAN and residential status are correctly updated with their Depository Participant or the company's RTA. This is crucial for determining the applicable TDS rate.

Sudarshan Chemical Industries Limited has demonstrated its commitment to shareholder value through this dividend declaration while ensuring compliance with tax regulations. Shareholders are advised to carefully review the detailed guidelines and submit necessary documentation to avail of applicable tax benefits or exemptions.

Historical Stock Returns for Sudarshan Chemical Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-0.19%-2.74%-8.15%+35.68%+29.13%+183.24%
Sudarshan Chemical Industries
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