Sudarshan Chemical Industries Limited — Important, 14-02-2025: Updates

Sudarshan Chemical Industries Limited has disclosed its statement of utilization of proceeds from its debt securities for the quarter ended December 31, 2024. The company raised ₹99 Crores through the private placement of unsecured, listed non-convertible debentures on July 18, 2022. All funds raised have been fully utilized for their intended purposes: repayment of working capital debt, reimbursement of capital expenditure, and payment of operating liabilities. Importantly, there has been no deviation from the original plans for fund utilization, indicating a disciplined financial approach. This positive disclosure reflects Sudarshan’s commitment to efficient capital management, suggesting a stable outlook for investors monitoring the company’s financial health.