Net profit of Sudarshan Chemical Industries rose 67.41% to Rs 29.90 crore in the quarter ended September 2024 as against Rs 17.86 crore during the previous quarter ended September 2023. Sales rose 15.83% to Rs 688.91 crore in the quarter ended September 2024 as against Rs 594.75 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales688.91594.75 16 OPM %13.7211.03 - PBDT90.5861.64 47 PBT53.9726.22 106 NP29.9017.86 67 Powered by Capital Market - Live News

Sudarshan Chemical Industries will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live News

The Board of Sudarshan Chemical Industries at its meeting held on 16 October 2024 has approved raising of funds of Rs 1,000 crore plus green shoe option upto 25% by way of issuance of Equity Shares or any other eligible securities (Securities) through permissible modes, including but not limited to Qualified Institutions Placements (QIP), Preferential Issue, Rights Issue, Private Placement, Bonds, Debentures, Follow-On Public Offer (FPO), Global Depository Receipts (GDR), Foreign Currency Convertible Bonds (FCCB) or any other method or combination of methods as may be considered appropriate or necessary and as permitted under applicable laws, subject to such regulatory / statutory approvals as may be required and subject to approval of Shareholders of the Company by way of Postal Ballot. Powered by Capital Market - Live News

Sudarshan Chemical Industries will hold a meeting of the Board of Directors of the Company on 16 October 2024.Powered by Capital Market - Live News

Sudarshan Chemical Industries has entered into a definitive agreement with the Germany-based Heubach Group, on its acquisition in a combination of an asset and share deal. This strategic acquisition will create a global pigment company, combining SCIL`s operations and expertise with Heubach`s technological capabilities. Post-acquisition, the combined company will have a broad pigment portfolio of high-quality products and a strong presence in major markets including Europe and the Americas. It will enhance SCIL`s product portfolio, giving it access to customers and a diversified asset footprint across 19 sites globally. The combined company will be led by Rajesh Rathi and a high performing management team with quality execution skills and technical competency.The Heubach Group has a 200-year history and became the second largest pigment player in the world after its integration with Clariant in 2022. Heubach had over a billion euros in revenue in FY21 and FY22, with a global footprint especially in Europe, Americas, and the APAC region. The Group faced financial challenges over the past two years due to rising costs, inventory issues, and high interest rates. SCIL`s acquisition of Heubach will address these challenges with a clear turnaround plan.Powered by Capital Market - Live News