NSEGeneral Updates2d ago · 27 Jul 2026, 06:38 pm
General Updates
Sudarshan Colorants India Limited · SUDARCOLOR
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Sudarshan Colorants India Limited has informed the Exchange about Business Responsibility and Sustainability Report for Financial Year 2025-26, along with Notice convening 69th Annual General Meeting scheduled for August 18, 2026.
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Sudarshan Colorants India Limited has informed the Exchange about Business Responsibility and Sustainability Report for Financial Year 2025-26.
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July 27, 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,
Sub: Notice convening 69th Annual General Meeting, Annual Report including Business
Responsibility and Sustainability Report for Financial Year 2025-26
Please be informed that the 69th Annual General Meeting (“AGM”) of
SUDARSHAN COLORANTS INDIA LIMITED (formerly Heubach Colorants India Limited)
(“the Company”) is scheduled to be held on Tuesday, August 18, 2026 at 2:00 p.m. (IST)
through Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”), inter alia, to
transact the business stated in the Notice convening 69th AGM.
Pursuant to Regulations 30(2), 34(1) and 34(2)(f) of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, (“SEBI Listing Regulations, 2015”),
we hereby submit a copy of the Annual Report for the Financial Year 2025-26 including
Business Responsibility and Sustainability Report (“BRSR”), along with Notice
convening 69th AGM scheduled as aforesaid, as circulated today i.e.
on Monday, July 27, 2026 through electronic mode only to such Shareholders whose email
addresses were registered with the Company / Registrar and Share Transfer Agent /
Depository Participant(s), in accordance with the applicable Circulars issued by The
Ministry of Corporate Affairs (“MCA”) and Securities and Exchange Board of India
(“SEBI”) from time to time.
Further, in accordance with the Regulation 36(1)(b) of SEBI Listing Regulations, 2015,
a letter communicating the web-link, including the exact path, where complete details of
the Annual Report for Financial Year 2025-26 are available, is being dispatched to the
Members who have not registered their email addresses with the Company.
The Notice of the 69th AGM can be downloaded from the link
https://www.sudarshan.com/investor/notices-compliance-reports-investors-overview/
and Annual Report for Financial Year 2025-26 can be downloaded from the link
https://www.sudarshan.com/investor/annual-reports-financial-reports-investors-
overview/ .
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
Brief details of the 69th AGM are as below:
Date and Time of 69th AGM Tuesday, August 18, 2026 at 2:00 p.m. (IST)
Web link for participating through https://www.evoting.nsdl.com/
VC/OAVM
Cut-off date for e-voting Tuesday, August 11, 2026
Remote e-voting start date and time Thursday, August 13, 2026 at 9:00 a.m. (IST)
Remote e-voting end date and time Monday, August 17, 2026 at 5:00 p.m. (IST)
Access to remote e-voting website Individual Shareholders holding securities in demat
mode with NSDL: https://evoting.nsdl.com/
Individual Shareholders holding securities in demat
mode with CDSL:
https://evoting.cdslindia.com/Evoting/EvotingLogin
Individual Shareholders holding securities in
physical form/ Non-Individual Shareholders holding
securities in demat mode:
https://www.evoting.nsdl.com/
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
Encl.: As above
From Integration
to Acceleration
Sudarshan Colorants India Limited
69th Annual Report 2025-2026
Theme Introduction
Sudarshan Colorants India Limited (formerly known as
From Integration
Heubach Colorants India Limited) has always known that
color is more than pigment; it is identity, performance, and
to Acceleration purpose. It is the invisible force that defines how the world
sees, feels, and functions. We believe the same is true
of transformation.
In March 2025, Sudarshan Europe B.V., a wholly owned
subsidiary of Sudarshan Chemical Industries Limited,
completed the acquisition of Heubach Group on behalf
of the Sudarshan Chemical Group, bringing together
three legacies as one. This milestone marks the deliberate
convergence of over 270 years of chemistry, craftsmanship,
and global ambition. Under ONE Sudarshan, entities have
combined, and possibilities have multiplied.
This integration is anchored in intention, with every milestone being purposeful and every
decision aligned to a larger vision.
As of FY2026, Sudarshan Colorants is part of ONE Sudarshan, one of the world’s leading
pigment majors, with a broad product portfolio, deep technical expertise, and a strong
manufacturing base. We serve the paints, plastics, coatings, and pharmaceutical industries,
among others.
Contents
Beyond scale, our ambition is responsible growth through disciplined transition.
Sustainability is woven into our strategy because long-term competitiveness demands
Corporate Overview Management Discussion and Analysis
nothing less. The integration journey continues, with the business now moving forward
02 26
clearer alignment, stronger conviction, and renewed momentum.
The Integration Story Board’s Report
04 34
ONE Sudarshan Business Responsibility and
This is the story of vision meeting execution, where integration
Sustainability Report
gains momentum and color enters its acceleration phase.
Management Messages
Corporate Governance Report
Product Innovations and Applications
14 Independent Auditor’s Report
Environmental, Social, and Governance
16 Financial Statements
Corporate Social Responsibility
Board of Directors
Corporate Information
Sudarshan Colorants India Limited Corporate Overview Statutory Reports Financial Statements
Corporate Overview
Coloring the Future,
Our Values
Together as ONE
Respect
Sudarshan Colorants India Limited has long stood at the
We listen actively and
intersection of science and color. Our pigments and preparations
embrace diverse voices.
serve a diverse range of industries, from paints and coatings
to plastics, corrosion protection, pharmaceuticals, and seed
coloration, delivering both performance and purpose across Entrepreneurship
every application. We spot opportunity,
own it, do it.
Agility
We act quickly
and decisively.
Passion
We put our heart in
Our Purpose everything we do.
To unleash joy, vibrancy,
and possibilities.
Seva
We create joy
through service.
Our Mission
To be the inspirational leader of the colorants
industry, delivering breakthrough results
for all our stakeholders through reliable and
sustainable solutions.
Guided by ONE Sudarshan’s vision, mission,
and purpose, Sudarshan Colorants carries
these principles not as policy, but as
conviction—shaping a shared identity
and the future of a group built to last.
02 Annual Report 2025-26 03
Sudarshan Colorants India Limited Corporate Overview Statutory Reports Financial Statements
The Integration Story
Priorities into Progress
The Integration
In FY2026, Year One priorities were brought to life across
every corner of the business. The key achievements are:
Story: Chapter Two
Following Sudarshan Chemical Group’s acquisition of the Heubach
Group, Sudarshan Colorants India Limited entered a defining transition
Customer Centricity Value Capture Optimized Organization
under ONE Sudarshan. The mandate was clear: align capabilities,
The regional Customer Service Plan Progress and Operating Model
protect customer trust, strengthen supply chains, and build a more agile,
& Delivery (CSD) teams The initiatives spanning Sudarshan Chemical Industries
customer-centric platform for the next phase of growth. elevated service standards, manufacturing, procurement, and Limited, under ONE Sudarshan,
earning multiple “Best Supplier organizational transformation inaugurated a Global Capability
In FY2026, that transition found its name. On December 12, 2025, Heubach Colorants India Limited became of the Year” awards across are progressing as planned,
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