NSEAction(s) taken or orders passed12 Sept 2026 · 12 Sept 2026, 11:19 am
Action(s) taken or orders passed
Sudarshan Colorants India Limited · SUDARCOLOR
✦ AI SummaryRegulatory
Sudarshan Colorants India Limited has received an appeal order from the Deputy Commissioner (S.T.) (Appeals) rejecting the company's appeal against a demand order of Rs. 5,11,48,556 under Section 73 of TNGST & CGST Acts, 2017, and upholding the demand order.
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Growth Catalyst1/10
Governance Concern1/10
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Liquidity Impact8/10
Market Sentiment5/10
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Sudarshan Colorants India Limited has informed the Exchange about Action(s) taken or orders passed
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CLNINDIA_12092026111920_SCILSEINTIMATIONGSTORDER110926.pdf
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September 12, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Exchange Plaza, C - 1, Block - G,
Dalal Street, Mumbai – 400 001 Bandra Kurla Complex,
Scrip Code – 506390 Bandra (East), Mumbai – 400 051
Scrip Symbol - SUDARCOLOR
Dear Sir / Madam,
Subject: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
This is with reference to our earlier communication dated May 03, 2024, regarding an
Order received from the Commercial Tax Officer, CHIDAMBARAM – I, Cuddalore, Tamil Nadu
towards GST Assessment conducted for the year 2018-19 for the state of Tamil Nadu to
Sudarshan Colorants India Limited (formerly Heubach Colorants India Limited)
(“the Company”).
Pursuant to the provisions of Regulation 30 read with Para A of Part A of Schedule III of
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
(“SEBI Listing Regulations, 2015”), we wish to inform that on Friday, September 11, 2026,
the Company has received an Appeal Order passed by the Deputy Commissioner (S.T.) (Appeals),
Vellore and Cuddalore Division, Cuddalore Camp, Tamil Nadu, whereby the appeal filed by the
Company against the Demand Order dated April 30, 2024 which was received under Section 73
of TNGST & CGST Acts, 2017 has been rejected and the Demand Order has been upheld.
The said Order is appealable and Company is in the process of filing the appeal before the
appropriate authority. Hence, we believe that there will not be any material impact on the financial,
operation or other activities of the Company due to issuance of the aforesaid Appeal Order.
The details of the above as required under Para A of Part A of Schedule III of the SEBI Listing
Regulations,2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated January 30, 2026, are enclosed as Annexure A.
Kindly take the same on record.
Thanking You,
Yours Faithfully,
For SUDARSHAN COLORANTS INDIA LIMITED
(formerly known as Heubach Colorants India Limited)
ADWAIT JOSHI
COMPANY SECRETARY
E ncl: as above
Sudarshan Colorants India Limited (Formerly known as Heubach Colorants India Limited)
Registered Office: Rupa Renaissance, B Wing, 25th Floor, D-33 MIDC Road, TTC Industrial Area, Juinagar, Navi Mumbai 400705, India
T: +91 22 2087 7610 | www.sudarshan.com | shares@sudarshan.com | CIN: L24110MH1956PLC010806
Annexure - A.
The detailed information as required under Regulation 30 of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No.
HO/49/14/14/(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026:
Sr. Particulars Description
1. Name of the authority Deputy Commissioner (S.T.) (Appeals),
Vellore and Cuddalore Division,
Cuddalore Camp, Tamil Nadu.
2. Nature and details of the action(s) taken, Appeal Order passed by the Deputy
initiated or order(s) passed Commissioner (S.T.) (Appeals), Vellore
and Cuddalore Division, Cuddalore
Camp, Tamil Nadu on Friday, September
11, 2026, whereby the appeal filed by the
Company against the Demand Order
dated April 30, 2024, which was
received under Section 73 of TNGST &
CGST Acts, 2017 has been rejected and
the Demand Order has been upheld.
3. Date of receipt of direction or order, Appeal Order received on
including any ad-interim or interim orders, Friday, September 11, 2026.
or any other communication from the
authority
4. Details of the violation(s)/contravention(s) Demand Order was received under
committed or alleged to be committed Section 73 of TNGST & CGST Acts,
2017 dated April 30, 2024, for an
aggregate amount of Rs. 5,11,48,556/-
(includes amount of Tax Rs.
2,56,41,056/-, amount of interest Rs.
2,32,16,044/- and amount of penalty
Rs. 22,91,456/-).
5. Impact on financial, operation or other The Order is appealable and Company is
activities of the listed entity, quantifiable in in the process of filing the appeal before
monetary terms to the extent possible the appropriate authority. Hence, we
believe that there will not be any material
impact on the financial, operation or
other activities of the Company due to
issuance of the aforesaid Appeal Order.
Sudarshan Colorants India Limited (Formerly known as Heubach Colorants India Limited)
Registered Office: Rupa Renaissance, B Wing, 25th Floor, D-33 MIDC Road, TTC Industrial Area, Juinagar, Navi Mumbai 400705, India
T: +91 22 2087 7610 | www.sudarshan.com | shares@sudarshan.com | CIN: L24110MH1956PLC010806