Sudarshan Chemical Announces Promoter Warrant Conversion
On June 10, 2026, Sudarshan Chemical Industries Limited confirmed that its Global Chairman, Managing Director, and Promoter, Mr. Rajesh Rathi, exercised the 9,80,000 convertible warrants that were allotted to him in December 2024. The warrants were converted into ordinary equity shares at an issue price of INR 1,019.75 per share, representing a premium of approximately 16 percent over the market price on the same day.
The conversion represents a capital commitment of close to INR 100 crore. As a result of the conversion, the promoter group’s shareholding increased to 9.32 percent, up from the previous 8.19 percent.
Mr. Rathi stated, “I have helped shape Sudarshan over more than three decades, and I am backing it with my own capital because I am confident in its future. We have a strong global platform, and I intend to stay invested as the company grows.”
Company Profile and Recent Developments
Sudarshan Chemical Industries Ltd (BSE: 506655 | NSE: SUDARSCHEM) is a global leader in colour solutions and specialised pigments, supplying organic, inorganic and pearlescent pigments for coatings, plastics, inks, cosmetics and other applications. The company operates 19 manufacturing sites worldwide, employs more than 3,900 staff, and serves over 4,000 customers across more than 120 countries.
In March 2025, Sudarshan completed the acquisition of the Heubach Group, which facilitated the opening of a second global head office in Frankfurt, further strengthening its international footprint.
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