Sudarshan Chemical Industries Limited — Others, 15-05-2025: Monitoring Agency Report

Sudarshan Chemical Industries Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company has fully utilized Rs. 195 crore raised via a preferential issue of 18.69 lakh equity shares at Rs. 1,043.33 per share. Rs. 165 crore was invested in Non-Convertible Redeemable Preference Shares of its wholly owned subsidiary, Sudarshan Europe B.V., while Rs. 30 crore funded general corporate purposes, mainly working capital. Fund utilization was timely and fully aligned with planned objectives.