SCSudarshan Colorants India506390Promoter stake buy

Promoter entity acquires ~36.68 lakh shares (15.89%) from fellow promoter under SAST exemption

Promoter Sudarshan Chemical Industries Ltd has acquired ~36.68 lakh equity shares of the company — 15.89% of its equity share capital — from Sudarshan Europe B.V., another promoter and its wholly owned subsidiary.

By ScoutQuest · Wed 21 Oct 2026, 10:14 AM IST · 2 min read

Stake acquired

~36.68 lakh equity shares — 15.89% of its equity share capital

Aggregate consideration

INR 150,75,62,796, which works out to INR 411 per equity share

Post-acquisition holding

acquirer and persons acting in concert together hold 70.26%

What the update says

Sudarshan Chemical Industries Ltd has acquired ~36.68 lakh equity shares of the company, equal to 15.89% of its equity share capital, from Sudarshan Europe B.V. The update describes the seller as a promoter of the company and a wholly owned subsidiary of the acquirer. Because both sides are promoters, the acquisition is stated to meet the conditions for the exemption under Regulation 10(1)(a)(iii) of the SEBI SAST Regulations, and the report is shared under Regulation 10(7). The date of acquisition is 1 October 2026.

What was paid

• Aggregate consideration: INR 150,75,62,796
• That amounts to INR 411 per equity share
• Volume weighted average market price of the shares over the sixty trading days before the notice: INR 391.62
• The update confirms the acquisition price is not higher by more than 25% of that reference price
• Fee paid along with the report: INR 177,005.90, being the non-refundable fee of INR 150,005.90 plus GST of INR 27,000

Who holds what

The update sets out the shareholding of the acquirer and persons acting in concert before and after:

• Sudarshan Chemical Industries Ltd (acquirer): 0 shares (0.00%) before; ~36.68 lakh shares (15.89%) after
• Sudarshan Switzerland HLD1 AG: 84,39,385 shares (36.56%) before and after
• Sudarshan Switzerland HLD2 AG: 41,09,426 shares (17.80%) before and after
• Total of acquirer and persons acting in concert: ~1.25 crore shares (54.36%) before; 1,62,16,847 shares (70.26%) after

Separately, the seller, Sudarshan Europe B.V., held ~36.68 lakh shares (15.89%) before the acquisition and 0 shares (0.00%) after it. The covering letter states that as a result of the acquisition there is no change in the consolidated total shareholding of the promoter and promoter group in the company.

Share capital

The update states the company's equity share capital at ~Rs. 23.08 crore, divided into ~2.31 crore equity shares of Rs. 10 each.

What it means for a retail investor

• The shares have moved from one promoter entity to another promoter entity rather than being bought in the open market, and the seller is a wholly owned subsidiary of the acquirer.
• The name on the 15.89% block changes: the acquirer goes from nil to ~36.68 lakh shares, and the seller's name goes to zero.
• The update states the consolidated promoter group holding is unchanged, so the size of the promoter block as a whole stays where it was.
• Two figures are useful if you want to look at the transfer terms: the INR 411 per share paid and the INR 391.62 sixty-day volume weighted average price used as the reference in the update.

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