Sudarshan Chemical completes ₹195 crore preferential allotment utilization

Sudarshan Chemical Industries Limited confirmed full utilization of ₹195 crores raised through a preferential allotment in January 2025, deployed for investment in wholly-owned subsidiary Sudarshan Europe B.V. and general corporate purposes.

The company also utilized ₹797.13 crores of the ₹800 crores raised from its qualified institutions placement, with ₹2.86 crores remaining unutilized as of March 31, 2025.

Additionally, ₹99 crores from non-convertible debentures issued in July 2022 were fully utilized for working capital debt repayment and capital expenditure.