Sudarshan Chemical: General Counsel and Company Secretary resigns
SUDARSCHEM · price
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On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 0.2 pts more than its Dyes And Pigments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mr Mandar Velankar resigned as General Counsel, Company Secretary and Compliance Officer of Sudarshan Chemical Industries, effective 1 September 2026, to pursue an opportunity outside. He also held KMP and Senior Management roles. He owns 6,581 equity shares, including 3,579 ESOP shares allotted on 28 August 2026 that are pending listing. The company is searching for a successor and will update exchanges upon appointment.
Key compliance and disclosure role is vacant until a successor joins. Typically neutral to mildly negative for sentiment until the position is filled.