Announcement under Reg 30 - Appointment of Internal Auditor
SUDARCOLOR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sudarshan Colorants India Limited reported audited FY2026 results with total income of Rs 807.47 Crores, down from Rs 843.83 Crores in FY2025. Net profit fell to Rs 44.53 Crores from Rs 51.45 Crores in the prior year. The company appointed PwC (PricewaterhouseCoopers Services LLP) as its internal auditor for FY2026-27. It also appointed Mr. Nilkanth Natu as Chief Financial Officer (Interim) effective May 11, 2026, following the resignation of Mr. Jugal Sahu who left effective March 9, 2026. The company noted a change in promoter control in March 2025 when Sudarshan Europe BV acquired 54.36% stake, raising promoter holding to 70.25%. Exceptional items included a net reversal of Rs 8.31 Crores related to new labour code adjustments and Rs 4.99 Crores from a warehouse fire incident in January 2025.
The company saw a revenue and profit decline year-on-year, though the appointment of a Big Four firm (PwC) as internal auditor signals stronger governance focus. The CFO transition from Mr. Sahu to Mr. Natu may be watched by investors for continuity in financial management.