Sudarshan Chemical Industries has acquired Germany-based Heubach Group, expanding its international footprint across 19 sites, which could boost its global presence and revenue. CEAT has received the certificate of incorporation for its subsidiary in Sri Lanka, CEAT OHT Private, signaling a regional expansion. Ask Automotive entered into a technical assistance and license agreement for cast-wheel production with Kyushu Yanagawa Seiko Co. REC's board will consider a revision of the Market Borrowing Programme for FY25 on March 27. Wendt (India)'s board approved to incorporate wholly owned subsidiary in Germany, aiming to expand its business in Europe and provide services catering to the Machine building/Super Abrasive customers in Europe. Uno Minda established R&D engineering centre in the Czech Republic to develop advanced lighting technologies for the global automotive industry, potentially boosting innovation and market share. Sunteck Realty incorporated a wholly owned subsidiary, Eximius Buildcon.Powered by Capital Market - Live

Net profit of Sudarshan Chemical Industries declined 96.50% to Rs 0.51 crore in the quarter ended December 2024 as against Rs 14.59 crore during the previous quarter ended December 2023. Sales rose 17.80% to Rs 666.43 crore in the quarter ended December 2024 as against Rs 565.75 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales666.43565.75 18 OPM %11.8510.94 - PBDT72.0757.57 25 PBT35.5222.09 61 NP0.5114.59 -97 Powered by Capital Market - Live

Sudarshan Chemical Industries announced that Anuj Narayandas Rathi (DIN: 00018683) has tendered his resignation as a Non-Executive and Non-Independent Director of the Company on 14 February 2025. Powered by Capital Market - Live

Sudarshan Chemical Industries announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 4 March 2025.Powered by Capital Market - Live

Sudarshan Chemical Industries will hold a meeting of the Board of Directors of the Company on 14 February 2025.Powered by Capital Market - Live

Sudarshan Chemical Industries has allotted 74,76,635 equity shares to eligible qualified institutional buyers at the issue price of Rs 1,070 per equity share (including a premium of ₹ 1,068 per equity share, (which includes a discount of ₹ 37.89 i.e., 3.42% of the floor price, as determined in terms of SEBI ICDR Regulations), aggregating to Rs 799.99 crore, pursuant to the QIP issue. Powered by Capital Market - Live

Following the acquisition, Blitz F24-526 GmbH has become a wholly owned subsidiary of Sudarshan Europe B.V. and a step-down subsidiary of Sudarshan Chemical Industries. The newly acquired entity will primarily focus on operations related to pigments. The acquisition was valued at '29,500, and 100% of the shareholding is now held by Sudarshan Europe B.V., a wholly owned subsidiary of Sudarshan Chemical Industries. The acquisition process was completed on 14th January 2025. The transaction was conducted on an arm's length basis. The official announcement was made on 14 January 2025 after market hours. Sudarshan Chemical Industries is a leading color & effect pigment manufacturer. It primarily serves the coatings, plastics, inks and cosmetics markets. The company's consolidated net profit jumped 67.4% to Rs 29.90 crore in Q2 FY25 as against Rs 17.86 crore posted in Q2 FY24. Revenue from operations rose 15.8% YoY to Rs 688.91 in the quarter ended 30 September 2024. Powered by Capital Market - Live

Sudarshan Chemical Industries has allotted 18,69,000 fully paid up equity shares of face value of Rs. 2 each at an issue price of Rs 1043.33 per share (including a premium of Rs 1041.33) on preferential basis by way of private placement to non-promoters. Consequently, the paid up equity share capital has increased to 7,10,96,250 equity shares of Rs 2 each. Powered by Capital Market - Live

Sudarshan Chemical Industries announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 4 January 2025.Powered by Capital Market - Live

Sudarshan Chemical Industries will hold a meeting of the Board of Directors of the Company on 13 December 2024.Powered by Capital Market - Live