Sudarshan Chemical Industries Limited — Others, 25-07-2025: Statement of deviation(s) or variation(s) under Reg. 32

Sudarshan Chemical Industries has reported on the utilization of funds from its recent capital raises. The ₹195 Cr from the Preferential Allotment was fully used for investing in its subsidiary and general corporate purposes. The ₹800 Cr from its Qualified Institutions Placement was largely used for the Heubach Group global pigment business acquisition and other planned objectives; a small amount (₹0.65 Cr for general corporate purposes and ₹2.21 Cr for issue expenses) remains unutilized. All ₹99 Cr raised via Debt Securities were fully deployed for working capital debt repayment and operational needs. The company reports no deviation from the original intended use of these funds.