NSESale or disposal4d ago · 1 Sept 2026, 02:09 am
Sale or disposal
Sudarshan Chemical Industries Limited · SUDARSCHEM
✦ AI SummaryDivestiture
Sudarshan Chemical Industries Limited has informed the Exchange about the execution of a Share Purchase and Transfer Agreement for the sale of 100% stake in VP4 Frankfurt GmbH, a Step-Down Wholly-Owned Subsidiary of the Company, to Celanese US Holdings LLC.
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Growth Catalyst2/10
Governance Concern1/10
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Full Announcement
Sudarshan Chemical Industries Limited has informed the Exchange about intimation regarding execution of Share Purchase and Transfer Agreement for sale of 100% stake in VP4 Frankfurt GmbH, a Step-Down Wholly-Owned Subsidiary of the Company
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SUDARSCHEM_01092026020940_SEIntimationSaleofVP4Franfurt01092026Signed.pdf
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1st September, 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: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, (“SEBI Listing Regulations, 2015”)
We wish to inform you that in compliance with Regulation 30 read with Schedule III Part A of SEBI
Listing Regulations, 2015, Sudarshan Germany Horizons GmbH (“Sudarshan Germany Horizons”),
a Step-Down Wholly-Owned Subsidiary of Sudarshan Chemical Industries Limited
(“the Company”), has, on 31st August, 2026, signed a definitive Share Purchase and Transfer
Agreement for sale of 100% stake in VP4 Frankfurt GmbH (“VP4 Frankfurt”), a Wholly-Owned
Subsidiary of Sudarshan Germany Horizons and a Step-Down Wholly-Owned Subsidiary of the
Company.
VP4 Frankfurt is primarily engaged in the manufacture of certain intermediates, primarily as a tolling
operator and only a small share of its output is meant for captive consumption of Sudarshan Germany
Horizons. The sale of VP4 Frankfurt further sharpens the Company’s focus on its core pigment
business.
Upon completion of Sale, VP4 Frankfurt shall cease to be a Step-Down Wholly-Owned Subsidiary
of the Company.
The requisite details of the aforesaid transaction, pursuant to Regulation 30 of SEBI Listing
Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 (“SEBI Circular”) dated 30th January, 2026, are attached as Annexure A.
The above intimation is also being uploaded on the website of the Company at www.sudarshan.com
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 | E: shares@sudarshan.com | www.sudarshan.com | CIN: L24119PN1951PLC008409
Annexure A
The detailed information as required under Regulation 30 of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 read with SEBI Circular
Sr. Particulars Description
1. the amount and percentage of the The details of amount and percentage of
turnover or revenue or income and revenue and amount of net worth contributed by
net worth contributed by such unit VP4 Frankfurt GmbH as on 31st March, 2026,
or division or undertaking or are as follows:
subsidiary or associate company of
the listed entity during the last 1. Revenue Amount: EUR 15,722,521
financial year i. % to Standalone Revenue: 6.71%
ii. % to Consolidated Revenue: 1.64%
2. Net worth Contribution: EUR 5,670,674
3. date on which the agreement for sale The Share Purchase and Transfer Agreement
has been entered into was signed on 31st August, 2026
4. the expected date of completion of Date of completion of sale (Closing) is subject
sale/disposal to fulfilment of condition precedents and
customary closing conditions.
5. consideration received from such EUR 76,500,000 will be received upon
sale/disposal completion of sale.
6. brief details of buyers and whether Sale of 100% stake in VP4 Frankfurt GmbH by
any of the buyers belong to the Sudarshan Germany Horizons GmbH, a
promoter/ promoter group/group Step-Down Wholly-Owned Subsidiary of the
companies. If yes, details thereof Company to Celanese US Holdings LLC
(Buyer). The Buyer is a part of Celanese
Corporation, a global chemical and specialty
materials company.
The Buyer does not belong to Promoter /
Promoter Group of the Company.
7. whether the transaction would fall The transaction would not fall within the
within related party transactions? If purview of Related Party Transactions.
yes, whether the same is done at
“arm’s length”
8. whether the sale, lease or disposal of Sale of 100% stake in VP4 Frankfurt GmbH by
the undertaking is outside Scheme Sudarshan Germany Horizons GmbH,
of Arrangement? If yes, details of a Step-Down Wholly-Owned Subsidiary of the
the same including compliance with Company is outside the scheme of arrangement.
regulation 37A of LODR
Regulations. Further, provisions of Regulation 37A of the
SEBI Listing Regulations, 2015 are not
applicable.
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 | E: shares@sudarshan.com | www.sudarshan.com | CIN: L24119PN1951PLC008409
9. additionally, in case of a slump sale, The criteria as set out in the definition of
indicative disclosures provided for ‘Undertaking’ as per the provisions of Section
amalgamation /merger, shall be 180 of the Companies Act, 2013 is not met and
disclosed by the listed entity with hence not applicable.
respect to such slump sale.
Therefore, the clause of ‘slump sale of the
Undertaking’ is not applicable in accordance
with Section 180 of the Companies Act, 2013
read with Regulation 37A of SEBI Listing
Regulations, 2015, and clause 1.4 of the SEBI
Circular
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 | E: shares@sudarshan.com | www.sudarshan.com | CIN: L24119PN1951PLC008409