Sudarshan Chairman Converts Warrants To Equity Raising Stake
ECONOMY & POLICY

Sudarshan Chairman Converts Warrants To Equity Raising Stake

Sudarshan Chemical Industries Limited said that Mr Rajesh Rathi, global chairman and managing director and promoter, exercised 0.98 million (mn) convertible warrants allotted to him in December 2024 and converted them into equity shares, with the allotment completed on 10 June 2026.

He converted the warrants at an issue price of Rs 1,019.75 each, representing a premium of about 16 per cent to the market price on 10 June 2026. The conversion raised the promoter group holding to 9.32 per cent, from 8.19 per cent, and completed a capital commitment of close to Rs 1 billion (bn).

Mr Rathi said he had helped shape Sudarshan over more than three decades and was backing it with his own capital because he was confident in its future. The conversion at a premium was described by the company as a signal of long-term promoter commitment to the business and its prospects. The company said the move reinforced the promoters' belief in growth potential. The firm said the action aligned with the promoters' long-term strategic view for steady growth.

Sudarshan operates 19 production sites and serves more than 4,000 customers in over 120 countries. The company recently opened its second global head office in Frankfurt following the acquisition of the Heubach Group in March 2025, which anchored its expanded international footprint. The firm supplies organic, inorganic and pearlescent pigments across coatings, plastics, inks and cosmetics. The company emphasised its focus on performance and sustainability in manufacturing.

Headquartered in Pune and Frankfurt, Sudarshan is a global leader in colour solutions and specialised pigments, supported by more than 3,900 employees and 19 manufacturing sites worldwide. The company said it continues to set benchmarks in colour quality, performance and sustainability. Media contact information was provided in the announcement. Investors were directed to regulatory filings and the company website for further details.

Sudarshan Chemical Industries Limited said that Mr Rajesh Rathi, global chairman and managing director and promoter, exercised 0.98 million (mn) convertible warrants allotted to him in December 2024 and converted them into equity shares, with the allotment completed on 10 June 2026. He converted the warrants at an issue price of Rs 1,019.75 each, representing a premium of about 16 per cent to the market price on 10 June 2026. The conversion raised the promoter group holding to 9.32 per cent, from 8.19 per cent, and completed a capital commitment of close to Rs 1 billion (bn). Mr Rathi said he had helped shape Sudarshan over more than three decades and was backing it with his own capital because he was confident in its future. The conversion at a premium was described by the company as a signal of long-term promoter commitment to the business and its prospects. The company said the move reinforced the promoters' belief in growth potential. The firm said the action aligned with the promoters' long-term strategic view for steady growth. Sudarshan operates 19 production sites and serves more than 4,000 customers in over 120 countries. The company recently opened its second global head office in Frankfurt following the acquisition of the Heubach Group in March 2025, which anchored its expanded international footprint. The firm supplies organic, inorganic and pearlescent pigments across coatings, plastics, inks and cosmetics. The company emphasised its focus on performance and sustainability in manufacturing. Headquartered in Pune and Frankfurt, Sudarshan is a global leader in colour solutions and specialised pigments, supported by more than 3,900 employees and 19 manufacturing sites worldwide. The company said it continues to set benchmarks in colour quality, performance and sustainability. Media contact information was provided in the announcement. Investors were directed to regulatory filings and the company website for further details.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code