Sudarshan Chemical Industries Limited has disclosed the sale of its step-down wholly-owned subsidiary, VP4 Frankfurt GmbH, through its immediate subsidiary Sudarshan Germany Horizons GmbH.
Transaction Details
- Entity Sold: 100% stake in VP4 Frankfurt GmbH, a wholly-owned subsidiary of Sudarshan Germany Horizons GmbH and step-down wholly-owned subsidiary of Sudarshan Chemical Industries Limited
- Agreement: Share Purchase and Transfer Agreement
- Signing Date: 31st August, 2026
- Buyer: Celanese US Holdings LLC, part of Celanese Corporation (a global chemical and specialty materials company)
- Consideration: EUR 76,500,000 to be received upon completion of sale
- Completion: Subject to fulfilment of condition precedents and customary closing conditions
Financial Impact
VP4 Frankfurt GmbH Financial Contribution (as of 31st March, 2026):
- Revenue Amount: EUR 15,722,521
- Percentage to Standalone Revenue: 6.71%
- Percentage to Consolidated Revenue: 1.64%
- Net Worth Contribution: EUR 5,670,674
Business Rationale
The sale of VP4 Frankfurt sharpens the Company's focus on its core pigment business. VP4 Frankfurt was primarily engaged in the manufacture of certain intermediates, mainly as a tolling operator with only a small share of output meant for captive consumption of Sudarshan Germany Horizons.
Documentation
The disclosure is 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 30th January, 2026.
Post-Transaction Status
Upon completion of the sale, VP4 Frankfurt shall cease to be a Step-Down Wholly-Owned Subsidiary of Sudarshan Chemical Industries Limited.