Hot Pursuit     07-Apr-23
Sudarshan Chemical sells Pune land for Rs 356 cr
The specialty chemicals maker has sold its freehold, clear and marketable titled land admeasuring approximately 5.76 acres in Pune to Birla Estates for Rs 356 crore.
The land is located at 162 Wellesley Road, Pune – 411 001, Maharashtra, India. The company executed the deed of conveyance with Mumbai-based Birla Estates on 6 April 2023.

Meanwhile, the board took on record that effective Thursday, 6 April 2023, the company's registered office has been shifted from 162 Wellesley Road, Pune – 411 001, Maharashtra, India to 7th Floor, Eleven West Panchshil, Survey No. 25, Near PAN Card Club Road, Baner, Pune – 411 045, Maharashtra, India, i.e. within the local limits of Pune city.

Sudarshan Chemical Industries is a global color and effect pigment manufacturer, supplying pigments and solvent dyes for coatings, plastics, printing and digital printing, cosmetics and special applications.

On a consolidated basis, Sudarshan Chemical Industries' net profit declined 98.41% to Rs 0.58 crore on 12.75% fall in net sales to Rs 520.58 crore in Q3 December 2022 over Q3 December 2021.

Shares of Sudarshan Chemical Industries rose 1.15% to Rs 417.15 on Thursday, 6 April 2023. The domestic stock market is shut today, 7 April 2023, on account of Good Friday.

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