Heubach Colorants reported strong Q1 results with revenue at 21,072 and net profit at 1,709. A key development is Sudarshan Chemical Industries' subsidiary gaining indirect control.

Board changes include Rajesh Rathi as new Chairman, Mandar Velankar joining as Non-Executive Director.

Independent Director Amitabha Mukhopadhyay resigned due to potential conflict, and Executive Director Jugal Sahu stepped down from his ED role but continues as CFO.

Head of Operations Abhijit Naik also resigned.

Auditors noted an unresolved issue regarding unauthorized asset transfer to Clariant India Pvt Ltd, impacting the financial review.