Sudarshan Chemical Industries Limited — Important, 16-07-2025: Disclosure of material issue

🚨 #SUDARSCHEM Update: Sudarshan Chemical has received 'No Objection' from BSE & NSE for reclassifying certain members of its Promoter Group to the 'Public' category.

**What's the issue?** This involves Mr. Pradeep Ramwilas Rathi, Mr. Rahul Pradeep Rathi, and Mrs. Subhadra Pradeep Rathi, whose combined holding is 64,48,599 shares, representing 8.21% of the company. They will no longer be classified as 'Promoters'.

**Possible Impact:** This reclassification shifts a significant portion (8.21%) of shares from the 'Promoter' category to the 'Public' category. For investors, this means a reduction in the official promoter holding percentage, potentially signaling a more diversified ownership structure or aligning with broader public shareholding requirements.

**Company's Response/Next Steps:** The company has successfully secured approval from the stock exchanges. However, this reclassification is still subject to final approval from the Company's shareholders. Sudarshan Chemical will keep the market informed of further developments.