Sudarshan Chemical Industries will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live

The Board of Sudarshan Chemical Industries at its meeting held on 16 October 2024 has approved raising of funds of Rs 1,000 crore plus green shoe option upto 25% by way of issuance of Equity Shares or any other eligible securities (Securities) through permissible modes, including but not limited to Qualified Institutions Placements (QIP), Preferential Issue, Rights Issue, Private Placement, Bonds, Debentures, Follow-On Public Offer (FPO), Global Depository Receipts (GDR), Foreign Currency Convertible Bonds (FCCB) or any other method or combination of methods as may be considered appropriate or necessary and as permitted under applicable laws, subject to such regulatory / statutory approvals as may be required and subject to approval of Shareholders of the Company by way of Postal Ballot. Powered by Capital Market - Live

Sudarshan Chemical Industries will hold a meeting of the Board of Directors of the Company on 16 October 2024.Powered by Capital Market - Live

Sudarshan Chemical Industries has entered into a definitive agreement with the Germany-based Heubach Group, on its acquisition in a combination of an asset and share deal. This strategic acquisition will create a global pigment company, combining SCIL's operations and expertise with Heubach's technological capabilities. Post-acquisition, the combined company will have a broad pigment portfolio of high-quality products and a strong presence in major markets including Europe and the Americas. It will enhance SCIL's product portfolio, giving it access to customers and a diversified asset footprint across 19 sites globally. The combined company will be led by Rajesh Rathi and a high performing management team with quality execution skills and technical competency. The Heubach Group has a 200-year history and became the second largest pigment player in the world after its integration with Clariant in 2022. Heubach had over a billion euros in revenue in FY21 and FY22, with a global footprint especially in Europe, Americas, and the APAC region. The Group faced financial challenges over the past two years due to rising costs, inventory issues, and high interest rates. SCIL's acquisition of Heubach will address these challenges with a clear turnaround plan.Powered by Capital Market - Live

Heubach is a key player within the Speciality Chemicals Industry which consists of organic pigments, inorganic pigments, dyes, dispersions and anti-corrosion pigments. Turnover was Euro 878.8 million in calendar year 2023. The company will acquire assets and business operations of Heubach Colorants Germany GmbH, Heubach GmbH, Dr. Hans Heubach GmbH, and Heubach Group GmbH and participations held by Heubach Holding Switzerland AG, in downstream group companies in various countries from insolvency administrator in the aforesaid countries. Further, it will also acquire 100% shareholding of Heubach Holdings S.a.r.l., a Luxemburg based Heubach Group Company having investments in shareholding in companies based in India and USA. Post-acquisition, the combined entity will have a comprehensive pigment portfolio of high-quality products and a strong presence in major markets including Europe and the Americas. It will enhance the company's product portfolio, giving it deeper access to customers and a diversified asset footprint across 19 sites globally. The company will acquire for total consideration of Rs 1,180 crore (Euro 127.5 million) and said transaction is expected to close in 3-4 months. Sudarshan Chemical Industries is a leading color & effect pigment manufacturer. It primarily serves the coatings, plastics, inks and cosmetics markets. The company's consolidated net profit fell 89% to Rs 29.43 crore in Q1 FY25 as compared with Rs 266.96 crore in Q1 FY24. Net sales increased 4.1% YoY to Rs 626.70 crore in Q1 FY24. The counter hit an all time high of Rs 1,216.55 in intrady today.Powered by Capital Market - Live

Net profit of Sudarshan Chemical Industries declined 88.98% to Rs 29.43 crore in the quarter ended June 2024 as against Rs 266.96 crore during the previous quarter ended June 2023. Sales rose 4.06% to Rs 626.70 crore in the quarter ended June 2024 as against Rs 602.27 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales626.70602.27 4 OPM %12.8611.60 - PBDT77.0463.71 21 PBT41.1129.11 41 NP29.43266.96 -89 Powered by Capital Market - Live

Sudarshan Chemical Industries will hold a meeting of the Board of Directors of the Company on 2 August 2024.Powered by Capital Market - Live