SUDARSCHEM

** Sudarshan Chemical Industries SDCH.NS rises 2.9% to 855.4 rupees

** Color and pigment maker's Europe unit completes acquisition of Germany-based Heubach Group's global pigment business ops for cash consideration of 127.5 mln euros ($134 mln)

** Co paid additional 29.4 mln euro on account of adjustments for inventory, working capital, VAT

** More than 179,000 shares traded, slightly above its 30-day avg

** Stock rated "buy" on avg; median PT is 1008.5 rupees - data compiled by LSEG

** SDCH down 25% YTD, after more than doubling in 2024

($1 = 0.9510 euros)

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

March 3 (Reuters) - Sudarshan Chemical Industries Ltd SDCH.NS:

• ACQUISITION OF HEUBACH GROUP'S GLOBAL PIGMENT BUSINESS IS COMPLETED

Source text: ID:nBSE1XRDSh

Further company coverage: SDCH.NS

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Feb 20 (Reuters) - Heubach Colorants India Ltd HEUB.NS:

• HEUBACH COLORANTS - UPDATE ON ACQUISITION OF PIGMENT BUSINESS OF HEUBACH GROUP BY SUDARSHAN GROUP

• HEUBACH COLORANTS - ACQUISITION TO BE FINALIZED BY MARCH 2025

Source text: ID:nBSE5s6lH2

Further company coverage: HEUB.NS

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** Sudarshan Chemical Industries SDCH.NS falls 4.3% to 874.7 rupees, lowest in more than seven months

** Pigment maker's Q3 profit nosedives 96% y/y to 5.1 million rupees ($58,731.40), hurt by acquisition-related one-off loss of 308.3 mln rupees; rev up 18% y/y

** More than 461,000 shares traded, about thrice its 30-day avg

** Stock set for third straight day of losses

** SDCH rated "buy" on avg; median PT is 1,046 rupees - LSEG

** Stock rose more than two-fold in 2024

($1 = 86.8360 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

Jan 23 (Reuters) - Sudarshan Chemical Industries Ltd SDCH.NS:

• SUDARSHAN CHEMICAL INDUSTRIES- APPROVES FLOOR PRICE FOR QIP AT 1107.89 RUPEES PER SHARE

Source text: [ID:]

Further company coverage: SDCH.NS

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Dec 19 (Reuters) - Sudarshan Chemical Industries Ltd SDCH.NS:

• GETS TAX ORDER TOTALING 32.3 MILLION RUPEES

Source text: ID:nBSE3rVqXC

Further company coverage: SDCH.NS

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Dec 2 (Reuters) - Sudarshan Chemical Industries Ltd SDCH.NS:

• SUDARSHAN CHEMICAL INDUSTRIES LTD - TO CONSIDER RAISING OF FUNDS

Source text: ID:nBSE8MdWJQ

Further company coverage: SDCH.NS

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Oct 11 (Reuters) - Sudarshan Chemical Industries Ltd SDCH.NS:

• SUDARSHAN CHEMICAL INDUSTRIES - ACQUISITION FOR EURO 127.5 MILLION

• SUDARSHAN CHEMICAL INDUSTRIES - UNIT ENTERED AGREEMENT TO ACQUIRE GLOBAL PIGMENT BUSINESS OPERATIONS

• SUDARSHAN CHEMICAL - UNIT TO BUY GLOBAL PIGMENT BUSINESS OPERATIONS OF HEUBACH GROUP OF GERMANY

• SUDARSHAN CHEMICAL - ACQUISITION EXPECTED TO CLOSE IN 3-4 MONTHS

Source text for Eikon: ID:nBSE2mhZ11

Further company coverage: SDCH.NS

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** Shares of Sudarshan Chemical Industries SDCH.NS gain ~4%; Heubach Colorants India HEUB.NS down ~2%

** Co has likely bid for bankrupt German colourants and pigments maker Heubach GmbH, broadcaster CNBC-TV18 reports

** A successful bid would also give SDCH control of Heubach Colorants, in which Heubach GmbH has 54.4% stake, CNBC says

** SDCH, Heubach and HEUB did not immediately respond to Reuters' request for comment

** SDCH has jumped nearly 66% since late April when Heubach GmbH filed for bankruptcy

** In that period, HEUB has recovered from an initial dip to gain about 25%

(Reporting by Nandan Mandayam in Bengaluru)

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Sept 3 (Reuters) - Sudarshan Chemical Industries Ltd SDCH.NS:

• SUDARSHAN CHEMICAL INDUSTRIES - GETS TAX ORDER OF 9.5 MILLION RUPEES

Source text for Eikon: ID:nBSE4qjQl3

Further company coverage: SDCH.NS

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Aug 21 (Reuters) - Sudarshan Chemical Industries Ltd SDCH.NS:

• SUDARSHAN CHEMICAL INDUSTRIES LTD - GETS TOTAL TAX DEMAND OF 407.9 MILLION RUPEES

Source text for Eikon: ID:nNSE1KXj7Q

Further company coverage: SDCH.NS

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Aug 2 (Reuters) - Sudarshan Chemical Industries Ltd SDCH.NS:

• JUNE-QUARTER CONSOL PROFIT 294.3 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 6.27 BILLION RUPEES

Source text for Eikon: ID:nBSE5FmzWM

Further company coverage: SDCH.NS

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May 17 (Reuters) - Sudarshan Chemical Industries Ltd SDCH.NS:

• SUDARSHAN CHEMICAL INDUSTRIES MARCH-QUARTER CONSOL PROFIT 580.3 MILLION RUPEES VERSUS PROFIT 325.7 MILLION RUPEES

• SUDARSHAN CHEMICAL INDUSTRIES MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 7.58 BILLION RUPEES VERSUS 6.85 BILLION RUPEES

• SUDARSHAN CHEMICAL INDUSTRIES LTD - DIVIDEND 1.00 RUPEE PER SHARE

Source text for Eikon: ID:nBSE189cBd

Further company coverage: SDCH.NS

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** Shares of Sudarshan Chemical Industries SDCH.NS jump 12.7% to 708.5 rupees, highest since Aug 2021

** Stock set for best one-day gain since May 2022

** Global rival Heubach GmbH files for bankruptcy in Germany

** Heubach Colorants India HEUB.NS, formerly known as Clariant Chemicals and part of Heubach Group, down 13.5%

** HEUB shares hit lowest since July 2023

** SDCH competes with Heubach in pigments making, positive for co - Centrum Broking

** SDCH up 30% YTD, while HEUB down ~32%

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

** Shares of Sudarshan Chemicals Industries SDCH.NS rise 3.9% to 587.25 rupees, and last up 2.7%

** Pigments maker on Wednesday said it approved sale of Sudarshan Japan and Sudarshan (Shanghai) to Sudarshan Europe

** SDCH set to snap three-session losing streak, but remains on track for 2nd consecutive week of decline

** Avg rating of eight analysts on SDCH at "buy"; median PT is 620 rupees - LSEG data

** In the last 12 months, stock is up 57.3%

(Reporting by Kashish Tandon in Bengaluru)

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Feb 2 (Reuters) - Sudarshan Chemical Industries Ltd SDCH.NS:

• SUDARSHAN CHEMICAL INDUSTRIES DEC-QUARTER CONSOL PROFIT 145.9 MILLION RUPEES VERSUS 5.8 MILLION RUPEES

• SUDARSHAN CHEMICAL INDUSTRIES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 5.59 BILLION RUPEES VERSUS 5.21 BILLION RUPEES

Source text for Eikon: ID:nBSE7mlKH2

Further company coverage: SDCH.NS

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Aug 8 (Reuters) - Sudarshan Chemical Industries Ltd SDCH.NS:

• INDIA'S SUDARSHAN CHEMICAL INDUSTRIES JUNE-QUARTER CONSOL PROFIT 2.67 BILLION RUPEES VERSUS PROFIT 70.8 MILLION RUPEES

• SUDARSHAN CHEMICAL INDUSTRIES JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 6.02 BILLION RUPEES VERSUS 5.5 BILLION RUPEES

Source text for Eikon: ID:nBSE1tzvW

Further company coverage: SDCH.NS

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** Shares of Sudarshan Chemical Industries Ltd SDCH.NS rise as much as much as 12.76% to a more than seven-month high of 443.50 rupees

** The pigments' maker reports 55-fold jump in net profit Q/Q; core profit doubles

** However, Y/Y, net profit falls 27%, core profit margin down to 12.37% from 13.82%

** Revenue rises 10% Y/Y

** Subdued demand across geographies and segments resulted in volume and pricing pressure in the first three quarters for fiscal year 2023: SDCH

** Strong sequential performance in March quarter indicates demand revival: SDCH

** Stock most active in more than two months, with trading volume of 2.21 mln shares as of 12:09 p.m. IST, 31 times the 30-day avg - Refinitiv data

** Of eight analysts tracking SDCH, three maintain "buy", two suggest "sell" and three recommend "hold"; median TP is 427 rupees

($1 = 81.7800 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

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