Sudarshan Chemical Industries Board Recommends Open Offer

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The Committee of Independent Directors of Heubach Colorants India Limited has recommended an open offer made by Sudarshan Europe B.V. along with Sudarshan Chemical Industries Limited (“PAC1”), Sudarshan Switzerland HLD1 AG (formerly known as Heubach Holding Switzerland AG) (“PAC-2”), and Sudarshan Switzerland HLD2 AG (formerly known as Heubach Ebito Chemiebeteiligungen AG) ("PAC-3") and PAC-1, PAC-2 and PAC-3.

The recommendation follows Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure was made under Regulation 26(7) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and includes the reasoned recommendations of the Committee of Independent Directors of Heubach Colorants India Limited on the open offer.

The information was published in the following newspapers:

1. Financial Express - English Daily (All Editions)

1. Jansatta - Hindi Daily (All Editions)

1. Navshakti - Marathi Daily (Mumbai Edition)

The company has requested that the exchange take the same on record.