Promoter Acquires Shares in Sudarshan Chemical Industries Through Warrant Conversion
Rajesh Balkrishna Rathi, identified as a promoter, has increased his stake in Sudarshan Chemical Industries Limited following the preferential allotment of equity shares resulting from warrant conversion. The acquisition took place on June 10, 2026.Details of the holding before the transaction show that Rajesh Balkrishna Rathi held 40,50,359 shares carrying voting rights in Sudarshan Chemical Industries Limited, representing 5.15% of total share/voting capital and 6.30% of the diluted capital. The promoter also held 9,80,000 warrants/convertible securities that entitle him to receive shares carrying voting rights in the company.
The transaction involved the acquisition of 9,80,000 shares carrying voting rights and a corresponding increase in his holding of equity, amounting to 1.25%. This was executed through Preferential Allotment of Equity Shares upon conversion of Warrants.
Following this acquisition, Rajesh Balkrishna Rathi's total holding of shares carrying voting rights stood at 50,30,359, representing 6.32% of the total share/voting capital and 6.32% of the diluted capital in Sudarshan Chemical Industries Limited.
The transaction led to changes in the company's capital structure. Before the acquisition, the equity share capital or total voting capital of the Target Company was Rs. 15,72,55,152, divided into 7,86,27,576 Equity Shares of Rs. 2/- each.
After the acquisition and subsequent changes in capitalization, the equity share capital or total voting capital rose to Rs. 15,92,15,152, which is divided into 7,96,07,576 Equity Shares of Rs. 2/- each. The total diluted share/voting capital of the company after this acquisition stands at Rs. 15,96,13,808, comprising 7,98,06,904 Equity Shares of Rs. 2/- each.
SUDARSCHEM Stock Price Movement
Shares of Sudarshan Chemical Industries Limited are edging higher to ₹874 as of 10:39 AM today, having gained 2.01% in live trading. The equity shows active momentum, with a traded volume of 20,543 shares and maintaining stability within its intraday range of ₹867.05 to ₹880.25.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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