Sudarshan Colorants CFO Jugal Sahu Resigns Effective March 09, 2026

1 min read Updated on 10 Mar 2026, 05:57 PM

Reviewed by

Radhika SScanX News Team

Overview

Sudarshan Colorants India Limited has announced the resignation of Chief Financial Officer Mr. Jugal Sahu, effective March 09, 2026, after serving the required notice period. The resignation, originally submitted in December 2025, was disclosed through regulatory filings to BSE and NSE, with the company actively working to fill the vacancy while acknowledging his contributions during his three-year tenure.

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

Sudarshan Colorants India Limited has announced the resignation of Chief Financial Officer Mr. Jugal Sahu, effective close of business hours on March 09, 2026. The specialty chemicals company disclosed this development through a comprehensive regulatory filing to BSE and NSE on March 10, 2026.

Executive Leadership Transition

Mr. Jugal Sahu stepped down from his position as Chief Financial Officer after serving the required notice period as per company policy. The resignation was communicated in continuation to an earlier communication dated February 03, 2026, indicating the transition was planned in advance. His original resignation letter was submitted on December 9, 2025, to Managing Director Mr. Sambit Roy, requesting a waiver of the remaining notice period after expressing gratitude for his three-year tenure with the company.

Parameter:	Details
Effective Date:	March 09, 2026
Notice Period:	As per Company Policy
Equity Shareholding:	Nil
Regulatory Filing Date:	March 10, 2026
Original Resignation Date:	December 9, 2025

Regulatory Compliance and Impact

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in accordance with SEBI Master Circular dated January 30, 2026. As a result of his resignation, Mr. Sahu ceased to be a Key Managerial Personnel and Senior Management Personnel of the company. Additionally, he is no longer authorized to determine the materiality of events or information for regulatory disclosures under Regulation 30(5) of SEBI Listing Regulations.

Succession Planning

The company acknowledged Mr. Sahu's contributions during his tenure and confirmed it is actively working to fill the resultant vacancy. Details about the successor appointment will be communicated once the selection process is completed. The regulatory filing was signed by Company Secretary Adwait Joshi on behalf of Sudarshan Colorants India Limited, formerly known as Heubach Colorants India Limited.

The transition represents a significant leadership change for the specialty chemicals company as it continues its operations and strategic initiatives.

Sudarshan Chemical Industries Q3 Results Show Loss and Declining EBITDA Performance

2 min read Updated on 03 Feb 2026, 07:10 PM

Reviewed by

Riya DScanX News Team

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Overview

Sudarshan Chemical Industries faced significant operational challenges in Q3, reporting a net loss of 20 million rupees compared to a profit of 172 million rupees in the previous year. The company experienced declining revenue of 1.75 billion rupees versus 2.13 billion rupees year-over-year, while EBITDA performance weakened substantially to 113 million rupees from 249 million rupees, with margins compressing to 6.43% from 11.71%.

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Sudarshan Chemical Industries has reported challenging third-quarter results, marking a significant shift from profitability to losses compared to the previous year. The specialty chemicals manufacturer faced headwinds that impacted both its revenue generation and bottom-line performance during the quarter.

Financial Performance Overview

The company's financial metrics reveal the extent of the operational challenges faced during Q3. The most notable impact was seen in the company's profitability, which experienced a complete reversal from the previous year's performance.

Financial Metric	Q3 Current Year	Q3 Previous Year	Change
Net Profit/Loss	Loss of 20 million rupees	Profit of 172 million rupees	Negative swing of 192 million rupees
Revenue	1.75 billion rupees	2.13 billion rupees	Decline of 380 million rupees
EBITDA	113 million rupees	249 million rupees	Decline of 136 million rupees
EBITDA Margin	6.43%	11.71%	Contraction of 528 basis points

Revenue and Operational Performance

The company's revenue performance reflected broader operational challenges, with total revenue declining to 1.75 billion rupees in Q3 compared to 2.13 billion rupees in the same quarter of the previous year. This represents a substantial decrease of 380 million rupees, indicating reduced business activity or market demand during the quarter.

EBITDA and Margin Analysis

Sudarshan Chemical Industries experienced significant pressure on its operational profitability metrics. The company's EBITDA declined to 113 million rupees in Q3 from 249 million rupees in the corresponding quarter of the previous year, representing a decrease of 136 million rupees.

The EBITDA margin compression was particularly pronounced, falling to 6.43% in the current quarter from 11.71% in the previous year's Q3. This margin contraction of 528 basis points indicates deteriorating operational efficiency and pricing pressures in the business.

Profitability Impact

The shift from profitability to losses represents one of the most significant aspects of the quarterly results. Sudarshan Chemical Industries moved from a healthy net profit of 172 million rupees in Q3 of the previous year to a net loss of 20 million rupees in the current quarter. This negative swing of 192 million rupees highlights the magnitude of the operational and financial challenges encountered during the period.

The combination of declining revenues, compressed EBITDA margins, and the shift to losses suggests that the company faced multiple headwinds that affected both its top-line growth and operational efficiency during the third quarter.