Outcome of Board Meeting
SUDARCOLOR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sudarshan Colorants India Limited reported FY26 standalone audited results with total income of Rs 807.47 Crores, down from Rs 843.83 Crores in FY25, representing a decline of about 4.3%. Net profit fell to Rs 44.53 Crores from Rs 51.45 Crores (down 13.5%), though Q4 showed improvement with net profit of Rs 13.15 Crores versus Rs 10.64 Crores in Q4 FY25. The Board appointed PricewaterhouseCoopers Services LLP as the new internal auditor for FY26-27 and appointed Mr. Nilkanth Natu as Interim Chief Financial Officer effective May 11, 2026, following the resignation of Mr. Jugal Sahu in March 2026. The auditor issued an unmodified (clean) opinion on the financial statements.
The year-on-year decline in revenue and profitability may concern investors, though improved Q4 performance provides some optimism. The appointment of a Big Four firm (PwC) as internal auditor signals stronger governance oversight. The CFO transition is being managed with an experienced interim appointment.