NSEPress Release25 Aug 2026 · 25 Aug 2026, 01:37 pm
Press Release
Sudarshan Chemical Industries Limited · SUDARSCHEM
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Sudarshan Chemical Industries Limited has signed a definitive Asset Sale and Transfer Agreement with Clariant Additives (Switzerland) AG to acquire its aluminium dyes and chemicals manufacturing plant in Muttenz, Switzerland. The acquisition is expected to be completed on or around 4 January 2027.
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Full Announcement
Sudarshan Chemical Industries Limited has informed the Exchange regarding a press release dated August 25, 2026, titled "Sudarshan Chemical Industries to Acquire Aluminium Dyes Plant from Clariant".
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25th August, 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 - 506655 Bandra (East), Mumbai – 400 051
Scrip Symbol - SUDARSCHEM
Dear Sir / Madam,
Sub.: Press Release – Intimation under Regulation 30 of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, as amended from time to time, we enclose herewith a Press Release issued by the Company,
contents of which are self-explanatory.
Kindly take the same on record.
Thanking You,
Yours faithfully,
For SUDARSHAN CHEMICAL INDUSTRIES LIMITED
MANDAR VELANKAR
GENERAL COUNSEL AND COMPANY SECRETARY
Encl. as above.
Sudarshan Chemical Industries Limited
Registered Office: 7th Floor, Eleven West Panchshil, Survey No 25, Near PAN Card Club Road, Baner, Pune 411 069, Maharashtra, India
T: +91 20 6828 1200 | www.sudarshan.com | shares@sudarshan.com | CIN: L24119PN1951PLC008409
Sudarshan Chemical Industries to Acquire Aluminium Dyes Plant
from Clariant
Definitive Asset Sale and Transfer Agreement signed for the Muttenz site in Switzerland, which has
produced Sudarshan's Aluminum Dyes portfolio for years. Completion is expected on or around 4
January 2027.
Pune, India, 25 August 2026 — Sudarshan Chemical Industries Limited ("Sudarshan"),
through its European subsidiary Sudarshan Switzerland SLO AG, has signed a definitive
Asset Sale and Transfer Agreement with Clariant Additives (Switzerland) AG to acquire its
aluminium dyes and chemicals manufacturing plant in Muttenz, Switzerland.
For years, the Muttenz plant has manufactured Sudarshan's Aluminium Dyes portfolio,
including the Sanodal®, Sanodure®, Sanodye®, and Anodal® brands. The agreement
converts that supply relationship into direct ownership.
Aluminium Dyes are the colorants used to color anodized aluminium, giving finished surfaces
their color and durability in automotive and consumer electronics components, packaging
and industrial parts. Sudarshan covers the segment worldwide in cooperation with its trusted
regional partners.
A rare process capability
The Muttenz facility produces organic intermediates and runs multistep organic chemistry of
a complexity that few sites can operate reliably. It has manufactured the Aluminium Dye
portfolio for Sandoz, Clariant and now Sudarshan for decades. The plant's existing
workforce, comprising permanent and agency-engaged personnel, will continue at the site.
Why now
The existing supply arrangement with the seller was reaching its conclusion. Rather than
transfer a complex, well-established process to another site, Sudarshan chose to acquire the
assets directly — securing long-term continuity for the products concerned and building on
the capability already in place.
Transaction details
The transaction is structured as a purchase of identified assets, and completion includes the
transfer of possession of those assets and related records. Closing remains subject to the
fulfilment of customary conditions precedent and is expected on or around 4 January 2027.
"We have depended on this site for years. Now we own it. That means we control the
process, the capacity, and we can plan the next generation of these products on our own
timetable. For customers in this segment, nothing changes except our ability to commit. This
is an important step forward because it gives us better control on the processes and a
possibility for future innovations."
— Rajesh Rathi, Chairman and Managing Director, Sudarshan Chemical Industries
Limited
"Muttenz runs multistep organic chemistry that very few plants in the world can run reliably,
and that capability sits with the people who operate it. Our priority is to keep both intact.
Same processes, same specifications, same standards. We are acquiring a working
operation, not a set of assets on paper."
— Dr. Klaus-Dieter Baumgart, Global Chief Technology Officer, Sudarshan Chemical
Industries Limited, and Managing Director, Sudarshan Germany Horizons GmbH
"Transferring these assets to Sudarshan is the right outcome for the Muttenz production
facility and its employees. With Sudarshan, we have found a buyer who knows this operation
well. Furthermore, the company has great interest in taking on employees and giving them a
new home."
— Angela Cackovich, BU President Adsorbents & Additives, Clariant International ltd.
About Sudarshan
Sudarshan Chemical Industries Ltd (BSE: 506655 | NSE: SUDARSCHEM) is a global leader
in color solutions and specialized pigments, serving customers in over 120 countries.
Headquartered in Pune and Frankfurt, the company offers a broad portfolio of organic,
inorganic, and pearlescent pigments used across coatings, plastics, inks, cosmetics, and
other applications. Supported by more than 3,900 employees and 20 manufacturing and
R&D sites worldwide, Sudarshan continues to set benchmarks in color quality, performance,
and sustainability.
Follow us on LinkedIn and visit www.sudarshan.com to know more.
About Clariant
Clariant is a focused specialty chemical company led by the overarching purpose of “Greater
chemistry – between people and planet.” By connecting customer focus, innovation, and
people, the company creates solutions to foster sustainability in different industries. On 31
December 2025, Clariant totaled a staff number of 10 281 and recorded sales of CHF 3.915
billion in the fiscal year. Since January 2023, the Group conducts its business through the
three Business Units Care Chemicals, Catalysts, and Adsorbents & Additives. Clariant is
based in Switzerland.
Media Contact:
Sudarshan
Ushna Iyer | umiyer@sudarshan.com
Clariant
Martin Büllesbach I martin.buellesbach@clariant.com