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.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk8/10
Liquidity Impact9/10
Market Sentiment5/10

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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