Sudarshan Chemical Industries Limited has announced that its Global Chairman, Managing Director, and Promoter, Mr. Rajesh Rathi, has exercised 9,80,000 convertible warrants that were allotted to him in December 2024. The conversion into equity shares was completed on June 10, 2026.
Warrant Conversion Details
Mr. Rathi converted the warrants at an issue price of INR 1,019.75 per share, which represented a premium of approximately 16 percent over the market price on the conversion date. This move involved a capital commitment of close to INR 100 crore.
Impact on Promoter Holding
Following the conversion, the promoter group's stake in the company increased from 8.19 percent to 9.32 percent. This rise in holding underscores the promoter's confidence in the company's future prospects.
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
Sudarshan Chemical Industries Limited is a global leader in color solutions and specialized pigments. The company serves over 4,000 customers in more than 120 countries and operates 19 production sites worldwide. In March 2025, Sudarshan acquired the Heubach Group and subsequently opened its second global head office in Frankfurt, strengthening its international presence.
The company offers a broad portfolio of organic, inorganic, and pearlescent pigments used in coatings, plastics, inks, cosmetics, and other applications. With over 3,900 employees, Sudarshan continues to set benchmarks in color quality, performance, and sustainability.
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