Sudarshan Chemical Industries Limited — Important, 28-10-2024: General Updates

Sudarshan Chemical Industries Limited reported that it successfully utilized ₹99 crores raised through a private placement of non-convertible debentures for the quarter ended September 30, 2024. The funds were entirely allocated for repayment of working capital debt, reimbursement of capital expenditure, and payment of operating liabilities. The company affirmed there were no deviations from the intended use of the proceeds.