Sudarshan Chemical Industries Limited Announces Board Changes
June 01, 2018 at 01:08 pm
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Sudarshan Chemical Industries Limited announced that, Mr. K.L.Rathi, Non Executive Director forming part of the Rathi Promoter Group has resigned from the Board of Directors of the Company with effect from June 1, 2018. Resignation in this regard was submitted by him during the Board Meeting held in June 1, 2018.
Sudarshan Chemical Industries Limited entered into Share Purchase Agreement with Americhem Inc., U.S.A. to sell the entire shareholding held by the Company in its Wholly Owned Subsidiary, Prescient Color Limited, Consequent to that, Mr.P.R.Rathi, Mr.K.L.Rathi, Mr.N.J.Rathi, Mr.R.B.Rathi and Mr.S.Padmanabhan, Nominee Directors of Sudarshan Chemical Industries Limited on the Board of Prescient Color Limited have resigned with effect from June, 2018 effective post conclusion of the Board Meeting.
Sudarshan Chemical Industries Limited is an India-based global color and pigment manufacturer. The Company is engaged in supplying pigments and solvent dyes for coatings, plastics, printing and digital printing, cosmetics, and special applications. The Company operates through two segments: Pigments, and Others. The Pigments segment produces and sells a range of organic, inorganic, effect pigments, and dispersions primarily for paints, plastics, inks, and cosmetics industries. The Others segment comprises of project engineering and manufacturing business of grinding solutions, clean air solutions, power handling solutions, and others. It offers a complete palette of colors for everyday use, durable colors, and special effects. Its coatings applications include decorative, industrial, and automotive paints. The Companyâs brands include Sudaperm, Sudafast, Sudacolor, Sudajet, Sudatherm, Sudasol, Sudanyl, Sumica, Sumicos, Prestige, and Sudacos.