Announcemnt under Reg. 30 - Monitoring Agency Report for the quarter ended 30th September, 2025
SUDARSCHEM · price
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Sudarshan Chemical Industries has submitted the final Monitoring Agency Report from CRISIL Ratings confirming that all proceeds from its January 2025 Qualified Institutional Placement (QIP) have been fully utilized. The QIP of 74.76 lakh equity shares at Rs 1,070 per share raised Rs 80,000 lakhs in gross proceeds. Funds were deployed across three objects: Rs 32,500 lakhs for the Heubach Group acquisition via Sudarshan Europe B.V, Rs 28,500 lakhs for repayment of borrowings (both fully utilized by March 31, 2025), and Rs 17,636 lakhs for general corporate purposes, which was fully deployed during the September 2025 quarter. The Monitoring Agency confirmed no deviation from stated objects and no delays in implementation.
This is a routine regulatory filing confirming orderly use of QIP funds with no deviations or idle money, which is neutral to mildly positive for shareholder confidence. With all QIP proceeds fully deployed, the focus now shifts to execution of the Heubach acquisition and benefits from debt repayment.