Sudarshan Chemical Industries Limited has filed a regulatory disclosure under Regulation 30 of SEBI Listing Regulations, 2015 regarding significant activity by its step-down wholly-owned subsidiary.

Transaction Details

  • Agreement Signed: 24th August, 2026
  • Counterparty: Clariant Additives (Switzerland) AG
  • Transaction Type: Asset Sale and Transfer Agreement
  • Location: International (Switzerland)
  • Asset Acquired: Aluminium dyes and chemicals manufacturing plant in Muttenz, Switzerland

Business Operation Scope

The acquisition involves Clariant's aluminium dyes manufacturing plant which has historically manufactured Sudarshan Chemical Group's Aluminium Dyes portfolio, including the Sanodal®, Sanodure®, Sanodye®, and Anodal® brands. The agreement converts an existing supply relationship into direct ownership. Aluminium Dyes are colorants used to color anodized aluminium for finished surfaces in automotive and consumer electronics components, packaging, and industrial parts.

Financial Consideration

  • Base Price: CHF 7,000,000 (seven million Swiss Francs)
  • Additional Consideration: Inventory value as determined in accordance with the Asset Sale and Transfer Agreement
  • Share Exchange Ratio: Not Applicable

Significant Terms and Conditions

The transaction is structured as a purchase of identified assets for production of Aluminium Dyes. Consideration will be discharged as defined under the Asset Sale and Transfer Agreement, subject to fulfilment of conditions precedent specified in the agreement. The transaction includes transfer of possession of the identified assets and related records upon completion.

Related Party Transaction Status

The acquisition does not fall within related party transactions. The promoter/promoter group/group companies have no interest in Clariant Additives (Switzerland) AG, and the transaction is conducted at arm's length.

Entity Size Consideration

Not applicable, as the transaction pertains to purchase of identified assets and does not result in acquisition of Clariant Additives (Switzerland) AG as an entity.

Rationale and Benefits

The rationale refers to Point No. 5 of the annexure, which states that the agreement converts the existing supply relationship into direct ownership of the manufacturing facility that has produced Sudarshan's aluminium dyes portfolio for years.