Sudarshan Chemical Industries Limited has announced that its Global Chairman, Managing Director, and Promoter, Mr. Rajesh Rathi, has exercised 9,80,000 convertible warrants allotted to him in December 2024. These warrants have been converted into equity shares of the company, with the allotment completed on June 10, 2026.
Conversion Details
The warrants were converted at an issue price of INR 1,019.75 per share, representing a premium of approximately 16 percent over the market price on the allotment date. This transaction has increased the promoter group's holding in the company from 8.19 percent to 9.32 percent.
Promoter's Statement
Mr. Rajesh Rathi expressed his confidence in the company's future, stating, "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."
Strategic Significance
By converting the warrants at a premium, Mr. Rathi has signaled a clear long-term commitment to Sudarshan. This move reinforces the promoters' belief in the business and its future prospects. The conversion underscores the management's confidence in the company's strategic direction and growth trajectory.
Company Overview
Sudarshan Chemical Industries operates 19 production sites and serves over 4,000 customers across more than 120 countries. In March 2025, the company expanded its international footprint by acquiring the Heubach Group. Following this acquisition, Sudarshan opened its second global head office in Frankfurt, Germany, further anchoring its global presence.
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