Sudarshan Colorants India MD, chairman, board of directors and AGM
NSE: SUDARCOLORBSE: 506390Chemicals & PetrochemicalsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹342.40.
- Next results date: the board meets on 28 Oct 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹757 Cr1,581st largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 5 Aug 2026
- 15.8
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹4.99 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 14.3
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 11 May 2026
- 1.3
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 5 Aug 2026
- 8.7%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹4.99 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 9.7%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 5 Aug 2026
- 6.9%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 11 May 2026
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 5,66868.4% delivered
Sudarshan Colorants India board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonRajesh Balkrishna Rathi
- Managing directorSambit Roy
- Company Secretary and Compliance OfficerAdwait Joshi
8 directors4 independent1 executive3 non-executive
- Rajesh Balkrishna Rathi · ChairpersonNon-executive · joined Apr 2025 · reappointed Sep 2025 · 2 listed boards · 1 committee seat
- Sambit Roy · Managing directorExecutive · joined Nov 2024 · reappointed Nov 2025 · 1 listed board · 1 committee seat
- Diana Milind DhoteIndependent · joined Apr 2024 · reappointed Apr 2024 · 27 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- Naresh T RaisinghaniIndependent · joined Apr 2025 · reappointed Apr 2025 · 15 months as independent · 2 listed boards · 2 as independent · 4 committee seats
- Anu Arun WakhluIndependent · joined Apr 2025 · reappointed Apr 2025 · 15 months as independent · 4 listed boards · 4 as independent · 4 committee seats, 2 as chair
- Sudha Pravin NavandarIndependent · joined Feb 2026 · reappointed Feb 2026 · 5 months as independent · 6 listed boards · 6 as independent · 8 committee seats, 4 as chair
- Amitabha MukhopadhyayNon-executive · joined Oct 2025 · reappointed Oct 2025 · 7 listed boards · 5 as independent · 10 committee seats, 5 as chair
- Mandar Meenanath VelankarNon-executive · joined May 2025 · reappointed May 2025 · 1 listed board · 1 committee seat
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
4 directors who left
- Sunirmal Talukdar, left 31 Mar 2026: Tenure Completion
- Kewal Handa, left 28 Oct 2025: Others
- Jugal Sahu, left 11 Aug 2025: Others
- Ravi Kapoor, left 16 Jul 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 11 May 20268 of 8 present4 independent · 13 days in between
- 27 Apr 20268 of 8 present4 independent · 82 days in between
- 3 Feb 20268 of 9 present4 independent
Audit Committee
Chair Sudha Pravin Navandar
Naresh T Raisinghani, Amitabha Mukhopadhyay
- 11 May 20263 of 3 present2 independent · 96 days in between
- 3 Feb 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Anu Arun Wakhlu
Naresh T Raisinghani, Rajesh Balkrishna Rathi
- 11 May 20263 of 3 present2 independent · 96 days in between
- 3 Feb 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Diana Milind Dhote
Sambit Roy, Mandar Meenanath Velankar
No meeting listed in the filing.
Risk Management Committee
Chair Naresh T Raisinghani
Amitabha Mukhopadhyay, Rajesh Balkrishna Rathi
- 10 Jun 20262 of 3 present1 independent · 201 days in between
- 20 Nov 20253 of 3 present2 independent
Corporate Social Responsibility Committee
Chair Diana Milind Dhote
Sambit Roy, Anu Arun Wakhlu
- 11 May 20263 of 3 present2 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- MSKA & Associates LLPPeer-review certificate valid to Mar 2027
1 earlier auditor
- M S K A & AssociatesNamed in the filing for the quarter to Mar 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Sudarshan Colorants India AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Sudarshan Colorants India dividend history
Annual general meeting, 18 Aug 2026
38,076 shareholders on the register on 11 Aug 2026; present: 3 promoters and 48 others; votes counted by Mr. Rajesh Karunakaran / Rajesh Karunakaran & Co..The company's voting result (opens in a new tab)
- Adoption of the Audited Financial Statements and the Reports of the Board of Directors and the Auditors thereonOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 7.08%
Turnout: all 70.85% · promoters 100.00% · institutions 78.39% · other public 0.25%
To appoint a Director in place of Mr. Mandar Velankar (DIN: 11069055), Non-Executive and Non-Independent Director, who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, and being eligible, oAers himself for re-appointmentMoreLess
Ordinary99.82% for0.18% againstAgainst: promoters 0.00% · institutions 22.23% · other public 14.64%
Turnout: all 70.87% · promoters 100.00% · institutions 81.61% · other public 0.24%
- Ratification for payment of remuneration to Mrs. Ashwini Kedar Joshi, Cost Auditors for Financial Year 2026-27 to conduct Audit of Cost Records of the CompanyOrdinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 16.77%
Turnout: all 70.87% · promoters 100.00% · institutions 81.61% · other public 0.24%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 9 Apr 2026, 1 resolution
38,775 shareholders on the register on 27 Feb 2026; votes counted by Mr. Rajesh Karunakaran / Rajesh Karunakaran & Co..The company's voting result (opens in a new tab)
- Appointment of Mrs. Sudha Navandar (DIN: 02804964) as a Non-Executive and Independent Director for a term of five yearsSpecial99.84% for0.16% against
Against: promoters 0.00% · institutions 15.00% · other public 45.16%
Turnout: all 70.59% · promoters 100.00% · institutions 17.96% · other public 0.72%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 6 Jul 2025, 1 fund house
- 1. Appointment of Mr. Rajesh Rathi (DIN: 00018628) as a Non-Executive Director liable to retire by rotation, effective from April 14, 2025.1 for0 against
2. Appointment of Mr. Amitabha Mukhopadhyay (DIN: 01806781) as an Independent Director of the Company for the first term of five (5) consecutive years, effective from April 14, 2025, till April 13, 2030.MoreLess
1 for0 against- 3. Appointment of Mr. Naresh Raisinghani (DIN: 00568298) as an Independent Director of the Company for the first term of five (5) consecutive years, effective from April 14, 2025, till April 13, 2030.
Against quant Mutual Fund
- quant Mutual FundCompliant with the law. Governance concern: Prolonged association with Group company.
0 for1 against - 4. Appointment of Mrs. Anu Wakhlu (DIN: 00122052) as an Independent Director of the Company for the first term of five (5) consecutive years, effective from April 14, 2025, till April 13, 2030.1 for0 against
- 5. Appointment of Mr. Mandar Velankar (DIN: 11069055) as a Non-Executive Director of the Company, liable to retire by rotation, effective from May 2, 2025.1 for0 against
Mutual fund votes, meeting of 14 Jun 2024, 1 fund house
- 1. Special Resolution:Appointment of Mrs. Diana Dhote (DIN: 10558367) as an Independent Director of the Company.1 for0 against
6 earlier meetings
Mutual fund votes, meeting of 30 Mar 2020, 1 fund house
- Reappoint Adnan Ahmad as the Vice-Chairman and Managing Director for a period of three years from 3 April 2020 and fix his remuneration1 for0 against
Mutual fund votes, meeting of 8 Feb 2020, 1 fund house
- To sell CCIL’s masterbatch business to PolyOne Polymers India Private Limited (PPIPL) on a slump sale basis for a cash consideration of Rs. 4.26 bn1 for0 against
Mutual fund votes, meeting of 5 Oct 2019, 2 fund houses
- 1) Appoint Mr. Sanjay Ghadge as Director Finance & Chief Financial Officer for a period of three years from 8th August, 2019 and fix his remuneration.1 for0 against
- Appoint Sanjay Ghadge (DIN: 08455742) as Director Finance & Chief Financial Officer for a period of three years from 8 August 2019 and fix his annual remuneration at a maximum of Rs. 45 mn1 for0 against
Mutual fund votes, meeting of 8 Aug 2019, 2 fund houses
- 1) Adoption of Audited Financial Statements for the year ended March 31, 2019 and the reports of the Director's & Auditor's thereon.1 for0 against
- 2) To confirm the payment of Interim Dividend and to declare a Final Dividend on Equity Shares.1 for0 against
- 3) Re-appoint Mr. Alfred Muench a Director.1 for0 against
- 4) Re-appoint M/s. Price Waterhouse Chartered Accountants LLP as Statutory Auditors and fix their remuneration.1 for0 against
- 5) Re-appoint Ms. Indu Shahani as an Independent Director for five years from 1st April, 2019.1 for0 against
- 6) Appoint Mr. Thomas Wenger as a Director.1 for0 against
- 7) Enter into a two-year Licence Agreement beginning 1st April, 2019 with Clariant Plastics & Coatings AG under which royalty at 5% of net external sales will be paid.1 for0 against
- 8) Ratify the remuneration of Rs.230,000 to be paid to M/s. R.A. & Co., Cost Auditor for FY20.1 for0 against
- Adoption of financial statements for the year ended 31 March 20191 for0 against
- Appoint Thomas Wenger (DIN 08350960) as Non-Executive Non-Independent Director liable to retire by rotation from 12 February 20191 for0 against
- Confirm interim dividend of Rs. 5.0 per share and declare a final dividend of Rs.5.0 per equity share of Rs.10.0 each1 for0 against
- Enter into a two-year Licence Agreement beginning 1 April 2019 with Clariant Plastics & Coatings AG under which royalty at 5% of net external sales will be paid1 for0 against
- Ratify the remuneration of Rs. 230,000 to be paid to R.A. & Co., cost auditor for FY201 for0 against
- Reappoint Alfred Muench (DIN 03092351) as a Non-Executive Non-Independent Director liable to retire by rotation1 for0 against
- Reappoint Ms. Indu Shahani (DIN 00112289) as an Independent director for five years from 1 April 20191 for0 against
- Reappoint Price Waterhouse Chartered Accountants LLP as statutory auditors for a term of five years from the conclusion of FY19 AGM and fix their remuneration1 for0 against
Mutual fund votes, meeting of 9 Aug 2018, 2 fund houses
- 1) Adoption of Audited Financial Statements for the year ended 31st March, 2018 and the Reports of the Directors and Auditors thereon.1 for0 against
- 2) To declare Dividend on Equity Shares.1 for0 against
- 3) Re-appoint Mr. Mario Brocchi as a Director.1 for0 against
- 4) Ratify the remuneration of Rs.200,000 to be paid to M/s. R.A. & Co., Cost Auditors for FY19.1 for0 against
- Adoption of financial statements for the year ended 31 March 20181 for0 against
- Declare a final dividend of Rs.5.0 per equity share of Rs.10.0 each1 for0 against
- Ratify the remuneration of Rs. 200,000 to be paid to R.A. & Co., cost auditor for FY191 for0 against
- Reappoint Mario Brocchi (DIN 07091950) as Non-Executive Non-Independent Director liable to retire by rotation1 for0 against
Mutual fund votes, meeting of 11 Aug 2017, 1 fund house
- To appoint a Director in the place of Mr. Alfred Muench (DIN : 03092351), who retires by rotation and being eligible, offers himself for re-appointment.1 for0 against
- To appoint Mr. Adnan Ahmad (DIN 00046742) as Executive Director of the Company from April 3, 2017 and later as Vice-Chairman & Managing Director of the Company from June 1, 20171 for0 against
- To approve the remuneration to M/s R A & Co, Cost Accoutants, appointed as Cost Auditors for the FY 2017-181 for0 against
- To declare Final Dividend on Equity Shares for the year ended March 31, 20171 for0 against
- To ratify the appointment of M/s. Price Waterhouse Chartered Accountant LLP as the Statutory Auditors of the Company & to fix their remuneration1 for0 against
- To receive, consider & adopt the audited financial statements of the Company for the year ended March 31, 2017, together with the Reports of the Directors and auditors thereon1 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Fines and tax disputes
Reported in the filing for the quarter to Jun 2026.
- Fine or penaltyOffice of the Commercial Tax Officer, Jurisdiction: Cuddalore, Tamil NaduSince 23 Jun 2026
GST DRC-07 dated June 23, 2026 for the period April, 2025 for an aggregate amount of Rs. 3,59,484/- (includes amount of Tax Rs. Nil, amount of interest Rs. Nil and amount of penalty Rs. 3,59,484/-).
After completion of the Audit for the period April, 2025, Office of the Commercial Tax Officer, Jurisdiction: Cuddalore, Tamil Nadu, issued an Order in Form DRC 07 consisting of the demand for an aggregate amount of Rs. 3,59,484/- (includes amount of Tax Rs. Nil, amount of interest Rs. Nil and amount of penalty Rs. 3,59,484/-)MoreLess
- Tax disputeCommercial Tax Officer - Chidambaram - Cuddalore Tamil NaduSince 30 Apr 2024Asst. Commissioner (Appeals) at Various levelAt the filing before: Demand Order received under Section 73 of TNGST and CGST Acts, 2017, pursuant to scrutiny conducted on the issuance of DRC - 01
- Tax disputeOffice of the Commissioner of Central Tax & Central Excise , Raigarh (Appeals)Since 23 Oct 2023Appeal filed with Custom Excise Service Tax Appellate Tribunal - West Zonal Bench MumbaiAt the filing before: Service Tax Liability on Expenditure in Currency for the Financial Year 2015-16 and 2016-17
- Tax disputeOffice of the Commissioner , CGST & Central Excise Navi MumbaiSince 15 Mar 2023Writ Filed with Mumbai High CourtAt the filing before: Filed WRIT in High Court
- Tax disputeAssistant CommissionerSince 17 Sep 2025Filed Adjournment asking for extension for 2 months ; Required submission made to the OfficerAt the filing before: Notice Received
- Tax disputeCommercial Tax OfficerSince 29 Oct 2025Appeal Filed before the State Appellate Authority
- Tax disputeOffice of the Commercial Tax Officer, Jurisdiction: Chidambaram-I, Cuddalore, Tamil NaduSince 23 Mar 2026Appeal filed on June 20, 2026At the filing before: DRC 07 (Demand )Received– 23-03-2026
- Tax disputeOffice of the Commercial Tax Officer, Jurisdiction: Cuddalore, Tamil NaduSince 23 Jun 2026The Order is appealable and Company is in the process of filing the appeal before the appropriate authority.At the filing before: DRC 07 (Demand )Received– 23-06-2026
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.