Rajesh Balkrishna Rathi has filed a disclosure regarding a substantial acquisition of shares in Sudarshan Chemical Industries Limited. The filing, made on June 11, 2026, details the change in shareholding pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction involved a preferential allotment of equity shares upon conversion of warrants.
Disclosure Under SEBI Regulations
Rajesh Balkrishna Rathi has formally submitted a disclosure concerning his shareholding in Sudarshan Chemical Industries Limited, following the guidelines of Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure, dated June 11, 2026, outlines changes in his stake in the target company.
Shareholding Details Pre-Acquisition
Prior to the recent transaction, Mr. Rathi held a total of 50,30,359 shares in Sudarshan Chemical Industries Limited, representing 5.15% of the total share capital. This holding also accounted for 6.30% of the diluted share capital. The breakdown indicated no encumbered shares, convertible securities, or voting rights held other than by shares at that time.
Details of Acquisition/Sale
The acquisition involved 9,80,000 shares, representing 1.25% of the total share capital. This acquisition was a result of a Preferential Allotment of Equity Shares upon conversion of Warrants. The transaction took place on June 10, 2026.
Post-Acquisition Shareholding
Following the conversion of warrants and allotment of equity shares, Rajesh Balkrishna Rathi’s total holding in Sudarshan Chemical Industries Limited increased to 50,30,359 shares. This new holding constitutes 6.32% of the total share capital and 6.32% of the diluted share capital. The equity share capital of the company before the acquisition was approximately ₹15,72,55,152, divided into 7,86,27,576 equity shares of ₹2 each. Post-acquisition, the equity share capital has been revised to approximately ₹15,92,15,152, with 7,96,07,576 equity shares.
The total diluted share/voting capital of the company after the said acquisition is approximately ₹15,96,13,808, comprising 7,98,06,904 equity shares.
Source: BSE
