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In an exchange filing, the company said, “the Board of Directors, at its meeting held today approved fund raising by way of issue of Non-Convertible Debentures aggregating up to Rs 200 crore, on private placement basis in one or more series / tranches.”
Sudarshan Chemical Industries manufactures color pigments, which are used in paints, printing inks, plastics, rubber artist materials, and textile printing. The group also manufactures a basic range of pesticides.
On a standalone basis, the chemical maker's net profit dropped 31.15% to Rs 31.25 crore on a 17.12% increase in revenue from operations to Rs 535 crore in Q3 FY22 over Q3 FY21.
Shares of Sudarshan Chemical were trading 1.01% higher at Rs 535.80 on BSE in morning trade.
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