Sudarshan Chemical Industries Limited — Important, 23-01-2025: Disclosure of material issue

Sudarshan Chemical Industries Limited's Fund Raising Committee approved the qualified institutions placement of equity shares, adopting a preliminary placement document. The opening of the issue for qualified institutional buyers is set, with a floor price established at ₹1107.89 per equity share. The company may offer a discount of up to 5% on this price, which will be finalized in consultation with the book running lead manager. The Relevant Date for this issue is also fixed as today. This strategic move aims to raise capital, potentially enhancing the company's growth trajectory. Investors should monitor this development for its implications on share dilution and overall financial positioning.