Sudarshan Colorants India Limited has informed the Exchange regarding Appointment of Mr. Nilkanth Natu as Chief Financial Officer - Interim of the company w.e.f. May 11, 2026.
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Sudarshan Colorants India Limited appointed Mr. Nilkanth Natu as Chief Financial Officer (Interim) effective May 11, 2026. He is a Chartered Accountant and CFA Level III charterholder with 26 years of experience, previously working at Wipro, Thermax, and associated with Sudarshan Group for about 6 years. The appointment follows the resignation of Mr. Jugal Sahu, who stepped down as CFO on March 9, 2026. The board meeting also approved the audited financial results for FY2025-26 showing Total Income of Rs 807.47 crores (down from Rs 843.83 crores), Net Profit of Rs 44.53 crores (down from Rs 51.45 crores), and EPS of Rs 19.29 (down from Rs 22.29). Additionally, PwC was appointed as the internal auditor for FY2026-27, replacing the previous internal auditor.
The appointment of an interim CFO fills a key leadership gap created by the March 2026 resignation, but the interim designation suggests the company may still be searching for a permanent CFO. The decline in annual revenue and profit could signal challenges in the pigments business, though the company maintains a healthy net profit margin of around 5.5%.