Sudarshan Colorants India Limited has formally announced the resignation of its Chief Financial Officer Mr. Jugal Sahu, effective close of business hours on March 09, 2026. The announcement was made through a regulatory filing to BSE Limited and National Stock Exchange of India Limited on March 10, 2026, in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Resignation Details and Timeline

Mr. Sahu's resignation follows the completion of a notice period as per company policy. According to the resignation letter dated December 9, 2025, addressed to Managing Director Mr. Sambit Roy, Mr. Sahu had initially requested to serve a notice period of up to 30 days with a request for waiver of the remaining notice period as per his employment contract clauses.

Impact on Corporate Structure

With Mr. Sahu's resignation, he has ceased to hold multiple key positions within the organizational structure. His departure affects several critical roles as he was serving as Chief Financial Officer, Key Managerial Personnel, and Senior Management Personnel of the company. Additionally, he was an official authorized to determine the materiality of events or information and make appropriate disclosures on a timely basis as per Regulation 30(5) of SEBI Listing Regulations, 2015.

Company's Response and Next Steps

Sudarshan Colorants India Limited has placed on record its appreciation for Mr. Sahu's contributions during his tenure with the company. In his resignation letter, Mr. Sahu expressed gratitude for the opportunity to work with the organization over the past three years, describing it as a valuable and enriching experience. He committed to fully support and ensure a smooth handover of his responsibilities during the transition period.

The company has indicated that it is currently in the process of filling the resultant vacancy. Details about Mr. Sahu's successor will be communicated to the stock exchanges as and when the appointment is finalized.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI Listing Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14/(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The announcement was signed by Company Secretary Adwait Joshi and included comprehensive details as required under the regulatory framework for senior management changes.

Sudarshan Colorants India Limited has issued a postal ballot notice to shareholders seeking approval for the appointment of Mrs. Sudha Navandar as an Independent Director. The company dispatched the notice on March 10, 2026, initiating the formal process for this key board appointment.

Postal Ballot Details and Timeline

The postal ballot notice, dated February 03, 2026, was sent electronically to shareholders whose names appear in the register of members as on the cut-off date of February 27, 2026. The company has engaged National Securities Depository Limited (NSDL) to provide remote e-voting facilities for this process.

Director Appointment Proposal

The sole agenda item seeks shareholder approval through special resolution for appointing Mrs. Sudha Navandar (DIN: 02804964) as a Non-Executive and Independent Director for a term of five consecutive years, effective from February 03, 2026, to February 02, 2031. The Board of Directors appointed her as an Additional Director on February 03, 2026, based on the recommendation of the Nomination and Remuneration Committee.

Candidate Profile and Qualifications

Mrs. Sudha Navandar brings extensive professional credentials to the board:

She currently serves as director on multiple listed companies including Sudarshan Chemical Industries Limited, Yasho Industries Limited, Tribhovandas Bhimji Zaveri Limited, Anand Rathi Wealth Limited, and Anand Rathi Financial Services Limited, among others.

Committee Memberships and Experience

Mrs. Navandar holds significant committee positions across various companies, demonstrating her governance expertise. She serves as Chairperson of Audit Committees at Sudarshan Chemical Industries Limited, Tribhovandas Bhimji Zaveri Limited, and Anand Rathi Financial Services Limited. Additionally, she holds memberships in various Nomination and Remuneration Committees, Risk Management Committees, and Corporate Social Responsibility Committees across her directorships.

Voting Process and Compliance

The postal ballot complies with Sections 108 and 110 of the Companies Act, 2013, and Regulation 44 of SEBI Listing Regulations, 2015. Shareholders can cast their votes exclusively through the remote e-voting facility provided by NSDL. The company has appointed Mr. Rajesh Karunakaran (Membership No. FCS 7441, C.P. No. 6581), Practicing Company Secretary from Pune, as the scrutinizer for conducting the postal ballot process.

The results will be announced within two working days of the voting deadline and will be communicated to BSE Limited and National Stock Exchange of India Limited, where the company's equity shares are listed. The results will also be displayed on the company's website at www.sudarshan.com .