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April 09, 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 : Disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares
a nd Takeovers) Regulations, 2011
Pursuant to the provisions of Regulation 31(4) of SEBI (Substantial Acquisition of Shares
and Takeover) Regulations, 2011 (“SEBI SAST Regulations, 2011”), as amended from
time to time, I, Rajesh Balkrishna Rathi, Member of the Promoter and Promoter Group of
‘Sudarshan Colorants India Limited’ (formerly Heubach Colorants India Limited)
(“the Company”) would like to confirm that members of the Promoter and Promoter Group
of the Company, along with persons acting in concert, if any, have not made any
encumbrance of shares, directly or indirectly, during the Financial Year ended
March 31, 2026.
Further, details of the Shareholding of Promoter and Promoter Group of the Company
(excluding PAN) as on March 31, 2026, are given below:
Sr. Name of the Member of the Number of shares Percentage of
No. Promoter and Promoter Group held shareholding
1. Rajesh Balkrishna Rathi Nil Nil
2. Rachna Rajesh Rathi Nil Nil
3. Ajay Balkrishna Rathi Nil Nil
4. Kusum Balkrishna Rathi Nil Nil
5. Meena Sudhir Maheshwari Nil Nil
6. Smriti Rajesh Rathi Nil Nil
7. Tanvi Rajesh Rathi Nil Nil
8. Rajesh Balkrishna Rathi (HUF) Nil Nil
(Karta - Rajesh Balkrishna Rathi)
9. Sudarshan Chemical Industries Nil Nil
Limited
10. Balkrishna Rathi Finance Private Nil Nil
Limited
11. Sow Rachna Rathi Family Trust Nil Nil
(Trustees - Rajesh Balkrishna Rathi
and Rachna Rajesh Rathi)
12. Shri Balkrishna Rathi Family Trust Nil Nil
(Trustees - Rajesh Balkrishna Rathi
and Ajay Balkrishna Rathi)
13. RIECO Industries Limited Nil Nil
14. Sudarshan CSR Foundation Nil Nil
Sudarshan Colorants India Limited (formerly 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 | CIN: L24110MH1956PLC010806
15. Sudarshan Gujarat MFG Private Nil Nil
Limited
16. Sudarshan Dahej MFG Private Nil Nil
Limited
17. Heubach Foundation Nil Nil
18. Sudarshan Toyo Colour Private Nil Nil
Limited
19. Colorants International AG 8,439,385 36.56
20. Ebito Chemiebeteilgungen AG 4,109,426 17.80
21. Sudarshan Europe B.V. 3,668,036 15.89
22. Sudarshan Japan Limited Nil Nil
23. Sudarshan North America Inc. Nil Nil
24. Sudarshan Mexico S. de R.L. de CV. Nil Nil
25. Sudarshan (Shanghai) Trading Nil Nil
Company Limited
26. Sudarshan Brasil Ltda. Nil Nil
27. Sudarshan Europe Management Nil Nil
GmbH
28. Sudarshan Middle East General Nil Nil
Trading LLC
29. Heubach Colorants Middle East FZE Nil Nil
30. Heubach Colorants Argentina Nil Nil
S.A.U.
31. Sudarshan Belgium SLO SRL Nil Nil
32. Sudarshan Brasil MFG Ltda. Nil Nil
33. Sudarshan Canada SLO Inc. Nil Nil
34. Sudarshan Switzerland SLO AG Nil Nil
35. Sudarshan Switzerland Consulting Nil Nil
36. Sudarshan Chile Industria Química Nil Nil
Limitada
37. Heubach Colorants Pigment Nil Nil
Preparations (Tianjin) Ltd.
38. Heubach Colorants (Shanghai) Ltd. Nil Nil
39. Sudarshan Colombia SLO S.A.S Nil Nil
40. Heubach Colorants Ibérica, S.L.U. Nil Nil
Sudarshan Colorants India Limited (formerly 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 | CIN: L24110MH1956PLC010806
41. Sudarshan France SLO SAS Nil Nil
42. Sudarshan UK SLO Ltd. Nil Nil
43. P.T. Sudarshan Indonesia MFG Nil Nil
44. P.T. Sudarshan Indonesia SLO Nil Nil
45. Sudarshan Italy SLO S.r.l. Nil Nil
46. Sudarshan Japan MFG K.K. Nil Nil
47. Heubach Colorants Korea Ltd. Nil Nil
48. Sudarshan Malaysia SLO Sdn. Bhd. Nil Nil
49. Heubach Colorants Peru S.A.C. Nil Nil
50. Sudarshan Singapore SLO Pte. Ltd. Nil Nil
51. Sudarshan MFG (Thailand) Ltd. Nil Nil
52. Sudarshan Turkey SLO Boya Sanayi Nil Nil
ve Ticaret A.Ş.
53. Heubach Colorants Taiwan Co., Ltd. Nil Nil
54. Sudarshan Southern Africa MFG Nil Nil
(Pty) Ltd.
55. Sudarshan Mexico MFG, S.A. de Nil Nil
C.V.
56. Sudarshan Mexico MFG Productos Nil Nil
Químicos, S.A. de C.V.
57. Sudarshan Lux Holding S.à r.l Nil Nil
58. Sudarshan USA SLO LLC Nil Nil
59. Sudarshan USA HLD1 LLC Nil Nil
60. Sudarshan Osaka SLO K.K. Nil Nil
61. Heubach Research Centre s.r.o Nil Nil
62. Sudarshan Germany Horizons Nil Nil
GmbH
63. Sudarshan Fairless Hills MFG Ltd., Nil Nil
64. Inventories Frankfurt GmbH Nil Nil
65. VP4 Frankfurt GmbH Nil Nil
66. Inventories Langelsheim GmbH Nil Nil
67. Sudarshan Langelsheim PLT GmbH Nil Nil
Sudarshan Colorants India Limited (formerly 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 | CIN: L24110MH1956PLC010806
68. Sudarshan Langelsheim RE GmbH Nil Nil
69. Heubach Europa EWIV Nil Nil
70. Hangzhou Baihe Heubach Pigments Nil Nil
Co. Ltd.
TOTAL 16,216,847 70.25
Kindly take the same on record.
Thanking You,
Yours Faithfully,
For SUDARSHAN COLORANTS INDIA LIMITED
(Formerly known as Heubach Colorants India Limited)
RAJESH RATHI
CHAIRMAN AND NON-EXECUTIVE DIRECTOR
Sudarshan Colorants India Limited (formerly 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 | CIN: L24110MH1956PLC010806