Sudarshan Colorants India Limited has informed the Exchange about resignation of Key Managerial Personnel and Senior Management Personnel

CFO resignedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-0.7%Reaction day

₹338.25

prior close

₹337.50

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-0.5% vs market

Dyes And Pigments peers, median of 8sector-1.1%+0.5% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.5 pts more than its Dyes And Pigments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Sudarshan Colorants India Limited has informed the stock exchanges that Mr. Jugal Sahu has resigned as Chief Financial Officer of the company, effective close of business hours on March 9, 2026. Along with the CFO role, he also stepped down as a Key Managerial Personnel and Senior Management Personnel. As per his resignation letter dated December 9, 2025, addressed to Managing Director Mr. Sambit Roy, he served the required notice period and mentioned he spent three years with the company. He held no equity shares in the company at the time of resignation. The company has stated it is in the process of identifying a successor and will update the exchanges once an appointment is made.

Likely market impact

The departure of the CFO introduces some short-term leadership uncertainty, though the company is actively searching for a replacement. Investors should watch for updates on the new CFO appointment, as financial leadership changes can affect strategic and reporting continuity.