Sudarshan Chemical Converts 9.8 Lakh Warrants to Equity

Sudarshan Chemical Industries Ltd has completed the conversion of 9,80,000 warrants into an equivalent number of fully paid-up equity shares. These warrants were initially issued on a preferential basis to promoter Mr. Rajesh Balkrishna Rathi. The conversion involved the remittance of the remaining 75% of the consideration, amounting to ₹74,95,13,800. This allotment increases the company's paid-up equity share capital and consequently, the promoter's shareholding to 9.32%. The new equity shares will rank pari-passu with existing shares and are subject to lock-in periods as per SEBI regulations.