Sudarshan Colorants India Limited, the Navi Mumbai-based pigment maker that earlier traded as Heubach Colorants India Limited, has announced a board-level change. The company informed shareholders that Mandar Velankar has tendered his resignation as a Non-Executive and Non-Independent Director, with the resignation taking effect at the close of business on September 1, 2026. The move marks another step in the ongoing governance adjustments being navigated by the company.
Velankar’s departure creates a vacancy on the board, leaving investors and observers watching how the composition of Sudarshan Colorants’ leadership may evolve. The company notes that the resignation letter has been received and is included with its communications to the exchanges as Annexure B, underscoring a formal record of the change.
At this stage, there is no disclosed information about a replacement or upcoming appointments, suggesting the board may review its composition in due course. As Sudarshan Colorants continues to execute its strategic priorities in the colorants space, the governance transition could become a focal point for stakeholders seeking clarity on the company’s next steps.
This development reinforces the ongoing emphasis on governance and leadership stability as Sudarshan Colorants navigates a dynamic market landscape in the pigments industry.