Chairman Rajesh Rathi Increases Stake in Sudarshan Chemical Following Warrant Conversion
Sudarshan Chemical Industries Limited announced that Global Chairman and Managing Director, Promoter Mr. Rajesh Rathi, has converted a significant number of warrants into equity shares, thereby increasing his stake in the company through a substantial capital commitment.The conversion pertains to 9,80,000 convertible warrants allotted to Mr. Rathi in December 2024. The allotment and subsequent conversion were completed on June 10, 2026. By exercising these warrants, Mr. Rathi committed close to ₹100 crore to the company.
The shares were converted at an issue price of ₹1,019.75 each. This pricing represented a premium of approximately 16 percent compared to the market price on June 10, 2026. Following this transaction, the promoter group holding in Sudarshan increased to 9.32 percent, up from its previous standing of 8.19 percent.
Mr. Rathi stated that the conversion signals a long-term commitment, emphasizing his confidence in the company's future and global platform. "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," he said.
Sudarshan Chemical Industries Limited is a global leader in color solutions and specialized pigments, serving customers across over 120 countries. The company maintains a robust operational presence with 19 production sites and serves more than 4,000 customers worldwide.
The organization has expanded its international operations, recently establishing its second global head office in Frankfurt following the acquisition of the Heubach Group in March 2025. Sudarshan provides a diverse portfolio of organic, inorganic, and pearlescent pigments used across various applications including coatings, plastics, inks, and cosmetics. The company is supported by over 3,900 employees globally.
SUDARSCHEM Stock Price Movement
Today, Sudarshan Chemical Industries Limited shares edged higher by 0.23% to settle at ₹906.1 after closing the trading session. The equity saw a total traded volume of 78,877 shares during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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