The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sudarshan Europe B.V. & PACs

Promoter Stake BuyOwnership Changes View source PDF Explain this filing

SUDARCOLOR · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+0.2%Reaction day

₹530.10

prior close

₹540.45

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+0.4% vs market

Dyes And Pigments peers, median of 8sector-0.5%+0.6% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 0.6 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.2

10m

-1.3

15m

-1.5

30m

-1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.2-0.3+0.4-0.5+0.6

Next day

-0.2-0.5+0.3+0.1-0.3

+0.5-0.3+0.8-1.5+2.0

-0.3+0.4-0.7-1.0+0.7

-1.4-0.2-1.2-2.4+1.1

-1.7-1.3-0.4-3.5+1.8

-0.7+0.2-0.9-2.1+1.4

15d

-1.9+2.0-3.9-0.9-1.0

-6.6+0.4-7.0-6.1-0.5

-17.0-6.5-10.5-8.0-9.0

-13.1-3.1-10.0-9.4-3.6

UpDownMarket · Nifty Microcap 250Sector · Dyes And Pigments peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Sudarshan Europe B.V. along with promoter group entities (Sudarshan Chemical Industries and two Swiss holding companies) has acquired 36,68,036 equity shares (15.89% stake) of Heubach Colorants India Limited through an Open Offer at Rs. 602.03 per share on 3 October 2025. Following this acquisition, the promoter and promoter group's total holding (direct plus indirect) in Heubach Colorants has risen from 54.37% to 70.26% of the company's share capital. The total transaction represents the Sudarshan group taking effective control of the target company under SEBI Takeover Regulations.

Likely market impact

The Sudarshan promoter group has crossed into majority control with over 70% stake, which means very limited free-float is available for public trading — this could impact share liquidity and pricing for minority shareholders.