Sudarshan Europe open offer for Heubach Colorants recommended by independent directors

Sudarshan Chemical Industries Limited has announced the publication of recommendations from the Committee of Independent Directors of Heubach Colorants India Limited concerning an open offer. The open offer is being made by Sudarshan Europe B.V., along with Sudarshan Chemical Industries Limited, Sudarshan Switzerland HLD1 AG, and Sudarshan Switzerland HLD2 AG. These entities are targeting public shareholders of Heubach Colorants India Limited.

The disclosure, made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, includes a copy of the newspaper advertisement published on Tuesday, September 09, 2025. This advertisement contains the reasoned recommendations from the Committee of Independent Directors regarding the open offer.

The recommendations were published in Financial Express (English Daily, All Editions), Jansatta (Hindi Daily, All Editions), and Navshakti (Marathi Daily, Mumbai Edition). This announcement serves to keep the market informed about the ongoing open offer process.