Subject: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Sudarshan Colorants India Limited has disclosed that inspection/search proceedings were initiated at some of the company's offices and manufacturing units located in the State of Maharashtra on Tuesday, August 25, 2026.
Nature of Action: The proceedings were initiated under Section 67 of the Maharashtra Goods and Services Tax Act, 2017 and Section 64 of the Maharashtra Value Added Tax Act, 2002.
Authority Involved: The inspection/search is being conducted by the Assistant Commissioner of State Tax, Maharashtra State, Mumbai. The authorized letter to carry out the inspection/search was produced to company officials by Maharashtra State GST officials on August 25, 2026.
Current Status: The inspection/search proceeding is currently underway as of the disclosure date (August 26, 2026). The company states it is extending full cooperation and assistance to the Maharashtra State GST officials.
Alleged Violations: No communication has been made regarding specific violations or contraventions alleged to have been committed by the company.
Financial and Operational Impact: The company states that at present, there is no material impact on the financials, business operations, or any other activities due to these inspection/search proceedings.
Regulatory Compliance: This disclosure is made pursuant to Regulation 30 read with Part A, Para A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Future Disclosures: The company commits to making necessary disclosures in accordance with regulatory provisions in the event of any material updates that require intimation under SEBI Listing Regulations.