Sudarshan Chemical Industries will hold a meeting of the Board of Directors of the Company on 17 May 2024Powered by Capital Market - Live News

Sudarshan Chemical Industries announced that the Board of Directors of the Company at its meeting held on 6 March 2024, inter alia, have recommended the interim dividend of Rs 3.6 per equity Share (i.e. 180%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

The Board of Sudarshan Chemical Industries at its meeting held on 06 March 2024 has accorded its in-principle approval for restructuring of its overseas subsidiary structure by way of: (a) sale of entire investment held by the Company (in the form of Equity Shares) in Sudarshan Japan Limited (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; (b) sale of entire investment held by the Company (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. Powered by Capital Market - Live News

Sudarshan Chemical Industries will hold a meeting of the Board of Directors of the Company on 6 March 2024.Powered by Capital Market - Live News

Net profit of Sudarshan Chemical Industries rose 1282.35% to Rs 18.80 crore in the quarter ended December 2023 as against Rs 1.36 crore during the previous quarter ended December 2022. Sales rose 9.89% to Rs 503.15 crore in the quarter ended December 2023 as against Rs 457.87 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales503.15457.87 10 OPM %12.868.54 - PBDT61.9430.19 105 PBT27.610.07 39343 NP18.801.36 1282 Powered by Capital Market - Live News