Sudarshan Chemical Industries Seeks Shareholder Approval for Promoter Group Reclassification
Sudarshan Chemical Industries has initiated a postal ballot to seek shareholder approval for reclassifying certain members of the Pradeep R. Rathi Group from 'Promoter/Promoter Group' to 'Public' category. The reclassification involves Pradeep Ramwilas Rathi (4.36% stake), Rahul Pradeep Rathi (3.85% stake), and Subhadra Pradeep Rathi (no shares), collectively holding 8.21% of the company. If approved, promoter shareholding will decrease from 16.40% to 8.19%, while public shareholding will increase from 83.60% to 91.81%. The e-voting period is set from August 8 to September 6, 2025.
05Aug 25
Sudarshan Chemical Reports Strong Growth Post-Heubach Acquisition, Eyes EUR 90-100 Million EBITDA Target
Sudarshan Chemical Industries Limited reported significant financial growth following its acquisition of Heubach Group. Q4 consolidated sales reached INR 1,349.00 crores, up from INR 764.00 crores last year. Adjusted EBITDA rose to INR 148.00 crores. The legacy Sudarshan Pigment business grew 16% with INR 744.00 crores in sales. Heubach operations contributed INR 525.00 crores in March sales. The acquisition expanded Sudarshan's global presence to 19 manufacturing facilities across 11 countries, with a combined turnover of about 1 billion euros. Management aims to achieve EUR 35 million EBITDA for the acquired group this year, targeting EUR 90-100 million in 3-4 years. Integration initiatives include unifying culture, implementing cost reduction programs, and enhancing customer service.
30Jul 25
Sudarshan Chemical Reports Full Utilization of QIP Proceeds for Heubach Acquisition, Projects EUR 35M EBITDA
Sudarshan Chemical Industries has fully utilized its QIP proceeds of Rs 78,565.26 lakh, allocating funds for the Heubach acquisition, debt repayment, and corporate purposes. The company projects an EBITDA of EUR 35 million for its Heubach business by FY2026 and expects 10-11% growth in its legacy business. Additionally, the company has allotted 23,584 equity shares under its employee stock option plan.
Sudarshan Chemical Industries Limited has scheduled an earnings call for July 29, 2025, to discuss Q4 FY25 audited financial results. The company is currently managing a complex integration process following a recent acquisition, implementing cost optimization measures, and addressing market challenges such as flat demand and customer destocking. Key focus areas include working capital management, IT integration, and operational efficiency. The company aims to improve its financial position, streamline operations, and regain lost customers while adapting to uncertain market conditions.
25Jul 25
Sudarshan Chemical Industries Reports Full Utilization of ₹195 Crore Preferential Allotment, Updates on QIP and NCD Proceeds
Sudarshan Chemical Industries Limited has disclosed complete utilization of funds raised through various financial instruments. The company fully utilized ₹195 crores from preferential allotment for investment in Sudarshan Europe B.V. and general corporate purposes. Of the ₹800 crore QIP, ₹797.13 crores were used for acquiring Heubach Group's global pigment business and debt repayment, with ₹2.86 crores remaining. The ₹99 crores from non-convertible debentures were fully utilized for working capital debt repayment, capital expenditure reimbursement, and operating liabilities payment. CRISIL Ratings Limited monitors fund utilization for preferential allotment and QIP.
25Jul 25
Sudarshan Chemical Industries Reports Full Utilization of Funds from Multiple Offerings
Sudarshan Chemical Industries Limited has announced complete utilization of funds raised through multiple financial instruments. The company fully deployed ₹195 crores from preferential allotment for investment in its subsidiary and corporate purposes. Out of ₹800 crores raised via QIP, ₹797.13 crores have been utilized for acquisition and debt repayment, with ₹2.86 crores remaining. Additionally, ₹99 crores from non-convertible debentures were used for working capital, capital expenditure, and operational liabilities. CRISIL Ratings Limited monitors fund utilization, and the Audit Committee found no deviations from stated objectives.
27Jun 25
Sudarshan Chemical Industries Affected as India Imposes 25.76% Duty on Chinese Pigment Imports
The Indian government has imposed a 25.76% anti-dumping duty on certain pigments imported from China for five years. This decision aims to protect domestic manufacturers, including Sudarshan Chemical Industries, from subsidized Chinese exports. The move is expected to level the playing field for local producers and potentially allow them to expand their market share.
19Jun 25
Sudarshan Pharma Set to Expand with New U.S. Subsidiary
Sudarshan Chemical Industries plans to create a fully-owned subsidiary, Sudarshan Industries LLC, in the United States. The new entity will focus on producing and trading chemical, pharmaceutical, and FMCG products. This strategic move aims to strengthen the company's international presence and tap into the North American market. The U.S. subsidiary is expected to enhance market access, facilitate regulatory compliance, potentially enable local production, and increase brand visibility in North America.
04Mar 25
Sudarshan Chemical Industries Completes Game-Changing Acquisition of Heubach Group
Sudarshan Chemical Industries Limited (SCIL) has completed the acquisition of Germany's Heubach Group for €127.5 million, plus €29.44 million for inventory and adjustments. The deal, finalized on March 3rd, 2025, significantly expands SCIL's global presence in the pigment industry. The combined entity now operates across 19 sites on four continents, serving over 4,000 customers in more than 100 countries. SCIL gains access to Heubach's diverse product portfolio and aims to address Heubach's recent financial challenges. Rajesh Rathi, SCIL's Managing Director, will lead the combined entity as CEO.
03Mar 25
Sudarshan Chemical Industries Completes Strategic Acquisition of Heubach Group, Creating Global Pigment Powerhouse
Sudarshan Chemical Industries Limited (SCIL) has finalized its acquisition of the Heubach Group for €127.5 million plus €29.44 million in adjustments. The combined entity now operates across 19 sites on four continents, serving over 4,000 customers in more than 100 countries. SCIL's Managing Director, Rajesh Rathi, will lead the company as CEO. The acquisition significantly expands SCIL's global presence and product portfolio in the pigment industry. Integration plans include establishing a second global headquarters in Frankfurt and implementing strategies to drive synergies and financial stability.