Heubach Colorants India Limited has informed the Exchange regarding Cessation of Ms Ashwini Natekar as Company Secretary of the company w.e.f. July 16, 2025.
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Heubach Colorants India Limited (now part of the Sudarshan Chemical Industries group following acquisition by Sudarshan Europe BV) reported FY25 audited results on July 16, 2025, with total income of Rs 84,383 lakhs (up from Rs 79,942 lakhs) and net profit of Rs 5,145 lakhs (up from Rs 4,114 lakhs); Q4 net profit jumped to Rs 1,064 lakhs. Statutory auditors MSKA & Associates issued a qualified opinion, flagging the unauthorized transfer of certain company assets to a related party (Clanant India Pvt Ltd) without board approval. The board accepted the resignation of Company Secretary Ashwini Natekar (KMP, effective July 16) and Chairman Ravi Kapoor, while appointing Adwait Joshi as new CS (effective Aug 1) and Rajesh Rathi as the new Chairman. New statutory, internal, cost, and secretarial auditors were also appointed. An exceptional loss of Rs 882 lakhs was booked in Q4 due to a January 2025 fire at the Roha warehouse.
Shareholders see improved FY25 earnings and a fresh management lineup under Sudarshan's new controlling stake, but the qualified audit opinion over past unauthorized asset transfers is a governance red flag that may keep investor sentiment cautious in the near term.