Sudarshan Chemical Industries has received in-principle approval to sell entire investment (in the form of Equity Shares) in Sudarshan Japan (also known as Sudarshan Japan K. K.), Wholly Owned Subsidiary of the Company to Sudarshan Europe B.V., other Wholly Owned Subsidiary of the Company.
The company has also received approval to sell entire investment (in the form of Equity Shares) in Sudarshan (Shanghai) Trading Company, Wholly Owned Subsidiary of the Company to Sudarshan Europe B.V., other Wholly Owned Subsidiary of the Company.
Pursuant to the aforesaid transactions, Sudarshan Japan and Sudarshan (Shanghai) Trading Company would cease to be direct Subsidiaries of the Company and will become Step-Down Subsidiaries of the Company. The board of directors at its meeting held on March 06, 2024 approved the same.
Sudarshan Chemical Industries is a leading, world-class colour solutions provider with a strong global outreach in the production of performance colorants, an extensive range of Organic, Inorganic and Pearlescent pigments as well as Dispersions.
