Sudarshan Chemical Industries Limited — Others, 30-07-2025: Monitoring Agency Report

Sudarshan Chemical Industries has released its monitoring report on the utilization of funds raised via its Qualified Institutional Placement (QIP). The report confirms there is no deviation from the stated objectives for the QIP proceeds. The company raised a gross amount of Rs 800.00 Cr, with net proceeds of Rs 785.65 Cr. Funds were primarily used for investing Rs 325.00 Cr in its European subsidiary for an acquisition, repaying Rs 285.00 Cr in borrowings, and Rs 175.65 Cr for General Corporate Purposes, including Rs 0.65 Cr for working capital this quarter. A small balance of Rs 0.83 Cr remains for issue expenses. This demonstrates proper fund deployment as planned.