Key Transaction Details
Mr. Rajesh Rathi, Global Chairman and Managing Director and Promoter, exercised 9,80,000 convertible warrants allotted to him in December 2024 and converted them into equity shares of the company. The allotment of shares was completed on June 10, 2026.
Financial Details
The warrants were converted into equity shares at an issue price of ₹1,019.75 per share, representing a premium of approximately 16% to the market price on June 10, 2026. The total capital commitment amounted to close to ₹100 crore.
Ownership Impact
The conversion increases the promoter group holding from 8.19% to 9.32%, representing a 1.13 percentage point increase in promoter stake.
Management Commentary
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 Background Information
Sudarshan Chemical Industries Limited has 19 production sites and more than 4,000 customers in over 120 countries. The company recently opened its second global head office in Frankfurt following its acquisition of the Heubach Group in March 2025. The company employs more than 3,900 employees worldwide and specializes in color solutions and specialized pigments including organic, inorganic, and pearlescent pigments used across coatings, plastics, inks, cosmetics, and other applications.
Filing Details
The intimation was digitally signed by Mandar Meenanath Velankar, General Counsel and Company Secretary, on June 16, 2026 at 16:11:21 IST.