BSEInsider Trading / SAST2d ago · 18 Aug 2026, 11:22 am
The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
Sudarshan Colorants India Ltd · 506390
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Sudarshan Europe B.V. has acquired 41,09,426 shares of Heubach Colorants India Limited, representing 17.80% of the total voting capital, through a share transfer agreement.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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Sudarshan Colorants India Ltd - 506390 - Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations, 2011
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Sudarshan Europe B.V.
Kingsfordweg 151
1043 GR Amsterdam
Tel.: +31 (0)20 491 9417
Fax: +31 (0)20 491 9415
Email : eu@sudarshan.com
4th March, 2025
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G,
Dalal Street, Bandra Kurla Complex,
Mumbai – 400 001 Bandra (East), Mumbai – 400 051
Dear Sir / Madam,
Sub : Disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011
Please find enclosed a disclosure pursuant to Regulation 29(1) of SEBI (Substantial Acquisition of Shares
and Takeovers) Regulations, 2011, as amended from time to time, in the prescribed format, with respect
to Heubach Colorants India Limited (Scrip Code: 506390, Scrip Symbol: HEUBACHIND).
Kindly take the same on record.
Thanking You,
Yours faithfully,
For SUDARSHAN EUROPE B.V.
RAJESH BALKRISHNA RATHI
CC to: HEUBACH COLORANTS INDIA LIMITED
Rupa Renaissance, B Wing, 25th Floor, D-33, MIDC Road,
TTC Industrial Area Juinagar, Navi Mumbai, Thane, Maharashtra, India, 400 705
Sudarshan Chemical Industries Limited
Registered Office:
Tel. No.: +91 20 682 81 200
www.sudarshan.com
Corporate Identity No: L24119PN1951PLC008409
Format for disclosures under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011, as amended
Heubach Colorants India Limited
Name of the Target Company (TC)
Sudarshan Europe B.V. (“Acquirer”)
Name(s) of the acquirer and Persons Acting in Concert (PAC)
Sudarshan Chemical Industries Limited
with the acquirer
(“PAC 1”)
Whether the acquirer belongs to Promoter/Promoter group
National Stock Exchange of India Limited (NSE)
Name(s) of the Stock Exchange(s) where the shares of TC are
and BSE Limited (BSE)
Listed
Number % w.r.t.total % w.r.t. total
share/voting diluted
Details of the acquisition as follows capital share/voting
wherever capital of the TC
applicable(*) (**)
Before the acquisition under consideration, holding of :
a) Shares carrying voting rights
Nil Nil Nil
b) Shares in the nature of encumbrance (pledge/ lien/
Nil Nil Nil
non-disposal undertaking/ others)
c) Voting rights (VR) otherwise than by shares
Nil Nil Nil
d) Warrants/convertible securities/any other instrument
that entitles the acquirer to receive shares carrying
voting rights in the T C (specify holding in each Nil Nil Nil
category)
e) Total (a+b+c+d)
Nil Nil Nil
Details of acquisition
41,09,426 17.80 17.80
a) Shares carrying voting rights acquired
Nil Nil Nil
b) VRs acquired otherwise than by shares
c) Warrants/convertible securities/any other instrument
that entitles the acquirer to receive shares carrying Nil Nil Nil
voting rights in the TC (specify holding in each
category) acquired
Nil Nil Nil
d) Shares encumbered / invoked/released by the acquirer
e) Total (a+b+c+/-d) 41,09,426 17.80 17.80
After the acquisition, holding of acquirer along with
PACs of:
41,09,426 17.80 17.80
a) Shares carrying voting rights
b) VRs otherwise than by shares
Nil Nil Nil
c) Warrants/convertible securities/any other instrument Nil Nil Nil
that entitles the acquirer to receive shares carrying
voting rights in the TC (specify holding in each
category) after acquisition
d) Shares in the nature of encumbrance (pledge/lien/non- Nil Nil Nil
disposal undertaking/others)
e) Total (a+b+c+d) 41,09,426 17.80 17.80
Indirect acquisition by Sudarshan Europe B.V.
Mode of acquisition (e.g. open market / off-market / public
of the entire shares held by Heubach
issue / rights issue / preferential allotment / inter-se transfer
Switzerland AG in Heubach Ebito
etc).
Chemiebeteiligungen by way of Share Transfer
Agreement executed between Heubach Holding
Switzerland AG (as a Seller) and Sudarshan
Europe B.V. (as a Buyer).
As a result, Sudarshan Europe B.V. has become
Holding Company of Heubach Ebito
Chemiebeteiligungen and hence has indirectly
acquired shares of the Target Company as
mentioned above.
The Equity Shares of the Target Company
Salient features of the securities acquired including time till
which have been indirectly acquired are pari
redemption, ratio at which it can be converted into equity
passu with existing Equity Shares of the Target
shares, etc.
Company.
Date of acquisition of / date of receipt of intimation of allotment
01.03.2025
of shares/VR/warrants/convertible securities.any other
instrument that entitles the acquirer to receive shares in TC
Rs. 23,08,17,980/- (divided into 2,30,81,978
Equity share capital / total voting capital of the TC before the
Equity Shares of Rs. 10/- each)
said acquisition
Rs. 23,08,17,980/- (divided into 2,30,81,978
Equity share capital/ total voting capital of the TC after the
Equity Shares of Rs. 10/- each)
said acquisition
Rs. 23,08,17,980/- (divided into 2,30,81,978
Total diluted share/voting capital of the TC after the said
Equity Shares of Rs. 10/- each)
acquisition
(*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the
Stock Exchange under Regulation 31 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015.
(**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the
outstanding convertible securities/warrants into equity shares of the TC.
For SUDARSHAN EUROPE B.V.
RAJESH BALKRISHNA RATHI
DIRECTOR
Place: Frankfurt, Germany
Date: 4th March, 2025
Part B***
Name of the Target Company: Heubach Colorants India Limited
Name(s) of the acquirer and Whether the acquirer belongs to PAN of the acquirer and/ or
Persons Acting in Concert (PAC) Promoter/ Promoter group PACs
with the acquirer
Sudarshan Europe B.V. (Acquirer”) No ABPCS1304Q
Sudarshan Chemical Industries No AABCS4223P
Limited (PAC 1)
***Part B shall be disclosed to the Stock Exchanges but shall not be disseminated.
For SUDARSHAN EUROPE B.V.
RAJESH BALKRISHNA RATHI
DIRECTOR
Place: Frankfurt, Germany
Date: 4th March, 2025
Sudarshan Europe B.V.
Kingsfordweg 151
1043 GR Amsterdam
Tel.: +31 (0)20 491 9417
Fax: +31 (0)20 491 9415
Email : eu@sudarshan.com
5th March, 2025
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G,
Dalal Street, Bandra Kurla Complex,
Mumbai – 400 001 Bandra (East), Mumbai – 400 051
Dear Sir / Madam,
Sub : Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011
Please find enclosed a disclosure pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares
and Takeovers) Regulations, 2011, as amended from time to time, in the prescribed format, with respect to
indirect acquisition of shares of Heubach Colorants India Limited (Scrip Code: 506390, Scrip Symbol:
HEUBACHIND).
Kindly take the same on record.
Thanking You,
Yours faithfully,
For SUDARSHAN EUROPE B.V.
RAJESH BALKRISHNA RATHI
CC to: HEUBACH COLORANTS INDIA LIMITED
Rupa Renaissance, B Wing, 25th Floor, D-33, MIDC Road,
TTC Industrial Area Juinagar, Navi Mumbai, Thane, Maharashtra, India, 400 705
Sudarshan Chemical Industries Limited
Registered Office:
Eleven West Panchshil, 7 Floor, Survey No. 25,
Near PAN Card Club Road, Baner, Pune - 411 069, India.
Tel. No.: +91 20 682 81 200
Email: contact@sudarshan.com
www.sudarshan.com
Corporate Identity No: L24119PN1951PLC008409
Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011, as amended
Heubach Colorants India Limited
Name of the Target Company (TC)
Sudarshan Europe B.V. (“Acquirer”)
Name(s) of the acquirer / seller and Persons Acting in Concert
Sudarshan Chemical Industries Limited
(PAC) with the acquirer
(“PAC 1”)
Heubach Holding Switzerland AG (“PAC 2”)
Heubach Ebito Chemiebeteiligungen AG
(“PAC 3”)
Whether the acquirer / seller belongs to Promoter/Promoter
group
National Stock Exchange of India Limited (NSE)
Name(s) of the Stock Exchange(s) where the shares of TC are
and BSE Limited (BSE)
Listed
Number % w.r.t.total % w.r.t. total
share/voting diluted
Details of the a
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