Announcement under Regulation 30 - Appointment of Key Managerial Personnel and Senior Management Personnel - Chief Financial Officer (Interim)
SUDARCOLOR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.0 pts less than Nifty Microcap 250 and 5.3 pts less than its Dyes And Pigments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Sudarshan Colorants India Limited announced the appointment of Mr. Nilkanth Natu as Chief Financial Officer (Interim), Key Managerial Personnel and Senior Management Personnel, effective May 11, 2026. This appointment follows the resignation of Mr. Jugal Sahu, who stepped down effective close of business hours on March 9, 2026, after serving his notice period as per company policy. Mr. Natu is a qualified Chartered Accountant with CFA Level III (USA) and holds a Master's degree in Commerce from Pune University, bringing over 26 years of experience in accounts and finance management. Prior to this appointment, he has been associated with the Sudarshan Group for approximately 6 years. The appointment was made based on the recommendation of the Nomination and Remuneration Committee (NRC) and Audit Committee. Additionally, the board meeting also approved the appointment of PricewaterhouseCoopers Services LLP (PwC) as the internal auditor for FY 2026-27.
The resignation and replacement of the CFO creates some management uncertainty, though the appointment of an experienced internal candidate as interim CFO provides continuity. The 'Interim' label suggests the company may be searching for a permanent CFO, which investors should monitor.