Sudarshan Chemical Industries Limited — Others, 26-11-2024: Shareholders meeting

Sudarshan Chemical Industries Limited has issued a corrigendum to its Postal Ballot Notice regarding the preferential issue of up to 9,80,000 warrants at ₹1,019.75 each, totaling a maximum of ₹100 Crores. The proceeds will partially fund the acquisition of Heubach Group’s Global Pigment Business for approximately ₹1,180 Crores. Notably, the timeframe for equity share allotment to warrant holders has been updated from "business days" to "working days," ensuring shares are credited within seven working days of conversion. This favorable financial move is expected to enhance shareholder value and drive growth, creating a positive outlook among investors.