Sudarshan Chemical Industries Ltd Share Price – NSE  / BSE

Chemicals, Small Cap

Following the acquisition, Blitz F24-526 GmbH has become a wholly owned subsidiary of Sudarshan Europe B.V. and a step-down subsidiary of Sudarshan Chemical Industries. The newly acquired entity will primarily focus on operations related to pigments.

The acquisition was valued at €29,500, and 100% of the shareholding is now held by Sudarshan Europe B.V., a wholly owned subsidiary of Sudarshan Chemical Industries. The acquisition process was completed on 14th January 2025. The transaction was conducted on an arm’s length basis.

The official announcement was made on 14 January 2025 after market hours.

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 jumped 67.4% to Rs 29.90 crore in Q2 FY25 as against Rs 17.86 crore posted in Q2 FY24. Revenue from operations rose 15.8% YoY to Rs 688.91 in the quarter ended 30 September 2024.

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Sudarshan Chemical Industries has allotted 18,69,000 fully paid up equity shares of face value of Rs. 2 each at an issue price of Rs 1043.33 per share (including a premium of Rs 1041.33) on preferential basis by way of private placement to non-promoters.

Consequently, the paid up equity share capital has increased to 7,10,96,250 equity shares of Rs 2 each.

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Sudarshan Chemical Industries announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 4 January 2025.

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Sudarshan Chemical Industries will hold a meeting of the Board of Directors of the Company on 13 December 2024.

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