At meeting held on 06 March 2024
The Board of Sudarshan Chemical Industries at its meeting held on 06 March 2024 has accorded its in-principle approval for restructuring of its overseas subsidiary structure by way of:(a) sale of entire investment held by the Company (in the form of Equity Shares) in Sudarshan Japan Limited (also known as Sudarshan Japan K. K.), Wholly Owned Subsidiary of the Company to Sudarshan Europe B.V., other Wholly Owned Subsidiary of the Company;
(b) sale of entire investment held by the Company (in the form of Equity Shares) in Sudarshan (Shanghai) Trading Company, Wholly Owned Subsidiary of the Company to Sudarshan Europe B.V., other Wholly Owned Subsidiary of the Company.
Pursuant to the aforesaid transactions, Sudarshan Japan and Sudarshan (Shanghai) Trading Company would cease to be direct Subsidiaries of the Company and will become Step-Down Subsidiaries of the Company.
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