Announcement under Regulation 30 (5) - Authorized officials to determine materiality of an event or information.
SUDARCOLOR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sudarshan Colorants India Limited reported audited financial results for FY2026 (year ended March 31, 2026). Total income declined to Rs 807.47 Crores from Rs 843.83 Crores in the prior year, while net profit fell to Rs 44.53 Crores from Rs 51.45 Crores (down approximately 13.5%). EPS for the year stood at Rs 19.29 versus Rs 22.29 in FY2025. The Board approved appointment of PricewaterhouseCoopers Services LLP (PwC) as Internal Auditor for FY2026-27 and appointed Mr. Nilkanth Natu as Chief Financial Officer (Interim) effective May 11, 2026, replacing Mr. Jugal Sahu who resigned in March 2026. Key exceptional items included reversal of Rs 8.31 Crores for labour code impact (net of earlier Rs 12.80 Crores provision) and Rs 0.50 Crores expense for disposal of fire-damaged materials. An Open Offer completed in Q3 2025 increased promoter holding to 70.25%.
The company experienced a decline in profitability for FY2026 due to lower revenue and challenging market conditions. The appointment of PwC as internal auditor and a new interim CFO indicates management changes following the takeover by Sudarshan Chemical Industries. Shareholders should note the 13.5% decline in net profit and monitor recovery in FY2027.