Sunshield Chemicals Limited

BSE: 530845 NSE: SUNSHIEL
Sunshield Chemicals Limited - chemicals and materials in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L99999MH1986PLC041612 Incorporated 19 November 1986 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: SUNSHIEL · BSE: 530845 Public Limited Company chemicals and materials MSME · Medium
Data last updated
Market Cap
₹900 Cr
SUNSHIEL · NSE
Share Price
₹1,003.10
-1.99% today
Revenue
₹441 Cr
FY 2025-26 · +20.5% YoY
EBITDA
₹52.23 Cr
Margin 11.8%
Net Profit
₹29.61 Cr
FY 2025-26 · +103.2% YoY
P/E (TTM)
24.1x
P/B 3.5x
ROE
17.0%
ROCE 19.6%
Debt / Equity
0.29
Interest cover 12.1x

About Sunshield Chemicals Limited

Data last updated:

Sunshield Chemicals Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Indus Petrochem Limited. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 19 November 1986 and has been in existence for over 40 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L99999MH1986PLC041612. Its GSTIN is 27AAFCS8219K1ZX (Maharashtra). The company holds 3 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 530845 and NSE: SUNSHIEL.

The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹8.79 Cr. It was formerly known as Sunshield Chemicals Private Limited. It is led by directors including Jeet Sudhir Malhotra (Managing Director) and Maya Parihar Malhotra.

Its last annual general meeting (AGM) was held on 03 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹440.91 Cr, a growth of 20.5% compared to the previous year. For the same year it recorded a net profit of ₹29.61 Cr (net margin 6.7%) and EBITDA of ₹52.23 Cr (EBITDA margin 11.8%). The net worth stands at ₹252.18 Cr (up 163.5% YoY). Total assets are valued at ₹255.53 Cr (up 28.4% YoY).

The company has about 179 employees on its provident fund (EPFO) records.

The company is associated with 2 brands: Solvay and Sunshield Chemicals. As per MCA filings, the company has open charges of ₹25 Cr and satisfied charges of ₹116.95 Cr on record. Court records list 19 cases involving the company, including 8 filed by the company and 11 filed against it; 6 cases are pending. The company has 12 deals on record (11 market trades, 1 acquisition); the latest was in March 2025. Its 8 peer companies in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 4 smaller; the largest is Proec Energy Limited with revenue of ₹377.57 Cr. The company has 13 MSME Form 1 returns on record between 2014 and 2024, listing 123 overdue payments to 31 micro and small suppliers.

Sunshield Chemicals Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0102682). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website solvayindia.in.

Company details

CIN L99999MH1986PLC041612
Registration Number 041612
Incorporation Date 19 November 1986
ROC Mumbai
Listing Status Listed - Listed on NSE (SUNSHIEL); Listed on BSE (530845)
Company Status Active
Date of Last AGM 03 July 2026
Date of Balance Sheet 31 March 2026
Parent Company Indus Petrochem Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0102682

CIN history

Sunshield Chemicals has one previous CIN (Corporate Identification Number): U99999MH1986PLC041612. The current CIN is L99999MH1986PLC041612, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L99999MH1986PLC041612Current
U99999MH1986PLC041612Previous
Key People
Jeet Sudhir Malhotra Managing Director Maya Parihar Malhotra Director Anand Laxminarain Parihar Director

Recognitions & Rankings of Sunshield Chemicals

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-19-0102682

Contact details

Sunshield Chemicals Limited's registered office is in Mumbai, Maharashtra. Its website is solvayindia.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    solvayindia.in
  • Social Media
  • Registered Address
    1501 – A Universal Majestic P.L. Lokhande Marg Behind R.B.K International Academy Chem, Bur West, Mumbai, Maharashtra, India – 400043
  • Industry
    Chemicals and Materials, Specialty Chemicals

To see the full contact details of Sunshield Chemicals Limited, buy the company report.

Comprehensive company report
Sunshield Chemicals Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Sunshield Chemicals operates two associated brands: Solvay and Sunshield Chemicals. Each brand links to its own profile.

BrandDescriptionWebsite
Solvay
Inorganic chemicals and advanced materials are manufactured for various industries.solvay.com
Sunshield Chemicals
Sunshield Chemicals – Leading Chemicals Manufacturersunshieldchemicals.com

Business activity

The main business activities of Sunshield Chemicals are manufacturing and trade. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and wholesale trading. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products
GTradeG1Wholesale Trading

To see the full business activity and turnover split of Sunshield Chemicals Limited, buy the company report.

Financials of Sunshield Chemicals Limited

FY 2025-26 filings available

Sunshield Chemicals Limited reported revenue of ₹440.91 Cr (up 20.5% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹441 Cr
+20.5% YoY
EBITDA
₹52.23 Cr
+54.7% YoY
Profit After Tax
₹29.61 Cr
+103.2% YoY
Net Worth
₹252 Cr
+163.5% YoY
Total Assets
₹256 Cr
+28.4% YoY
Total Debt
Nil

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue441366283245244199181
Revenue growth+20.5%+29.1%+15.8%+0.3%+22.8%+9.7%-
EBITDA52.2333.7640.4331.1731.2329.5316.05
EBITDA margin+11.9%+9.2%+14.3%+12.7%+12.8%+14.9%+8.9%
Profit before tax39.5618.0426.7419.1039.1716.621.20
Net profit29.6114.5718.8413.6814.9714.181.21
Net profit margin+6.7%+4.0%+6.7%+5.6%+6.1%+7.1%+0.7%
EPS (₹)33.6619.8325.6318.5837.3719.290.88
Balance sheet
Total assets256199169144133115122
Net worth25295.6982.1966.0053.6726.1411.82
Total debt0.0010085.4777.1278.5487.80109
Cash & bank14.133.720.601.795.843.571.05
Net working capital99.3339.8854.7665.9354.5442.8347.24
Cash flow
Cash from operations9.5347.9842.0714.1232.9734.5919.44
Cash from investing(20.07)(50.15)(40.33)(8.53)(17.12)(3.68)(6.75)
Cash from financing33.601.60(10.51)(10.56)(8.56)(7.43)(23.85)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue12711094.9612211411084.6192.91
Revenue growth (YoY)+11.9%-0.6%+12.2%+31.7%+46.1%---
Other income0.940.400.930.281.460.930.541.38
Total expenses10793.1785.8810810198.7977.8285.16
EBITDA20.4616.509.0814.0212.6211.526.797.75
EBITDA margin+16.1%+15.0%+9.6%+11.5%+11.1%+10.4%+8.0%+8.3%
Depreciation3.152.722.692.652.652.522.542.54
Interest0.200.060.741.962.272.352.422.29
Profit before tax18.0514.126.589.699.167.582.374.30
Tax4.563.461.692.462.341.840.741.11

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 31 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue12711094.9612211411084.6192.91
Revenue growth (YoY)+11.9%-0.6%+12.2%+31.7%+46.1%---
Other income0.940.400.930.281.460.930.541.38
Total expenses10793.1785.8810810198.7977.8285.16
EBITDA20.4616.509.0814.0212.6211.526.797.75
EBITDA margin+16.1%+15.0%+9.6%+11.5%+11.1%+10.4%+8.0%+8.3%
Depreciation3.152.722.692.652.652.522.542.54
Interest0.200.060.741.962.272.352.422.29
Profit before tax18.0514.126.589.699.167.582.374.30
Tax4.563.461.692.462.341.840.741.11
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue441366283245244199181
Revenue growth+20.5%+29.1%+15.8%+0.3%+22.8%+9.7%-
Other income3.073.151.481.8218.530.261.24
Total expenses389332243214213169165
Employee cost19.6719.0816.3913.149.237.566.59
EBITDA52.2333.7640.4331.1731.2329.5316.05
EBITDA margin+11.9%+9.2%+14.3%+12.7%+12.8%+14.9%+8.9%
Depreciation10.719.777.386.455.815.806.09
Interest5.039.107.797.444.787.3710.00
Profit before tax39.5618.0426.7419.1039.1716.621.20
Tax9.953.477.905.4211.702.440.55
Net profit29.6114.5718.8413.6814.9714.181.21
Net profit margin+6.7%+4.0%+6.7%+5.6%+6.1%+7.1%+0.7%
EPS (₹)33.6619.8325.6318.5837.3719.290.88
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital8.797.357.357.357.357.357.35
Reserves & surplus24388.3474.8458.6546.3218.794.47
Shareholders' funds (net worth)25295.6982.1966.0053.6726.1411.82
Secured loans0.0065.3841.2041.5510.000.000.00
Unsecured loans0.0035.0044.2735.5768.5487.80109
Total debt0.0010085.4777.1278.5487.80109
Total liabilities256199169144133115122
Assets
Gross block22218512212010694.9094.97
Net block15712974.7079.4271.0866.2771.24
Capital work in progress5.7934.5945.090.857.371.280.00
Investments0.000.000.000.000.000.000.00
Inventories51.8557.0143.2836.3729.4026.0928.72
Sundry debtors70.8964.0947.8940.1141.3428.6828.24
Cash & bank balances14.133.720.601.795.843.571.05
Loans & advances2.6912.1613.7714.5613.487.9713.97
Total current assets14013710692.8390.0666.3171.98
Total current liabilities40.2397.1050.7826.9035.5223.4824.74
Net working capital99.3339.8854.7665.9354.5442.8347.24
Total assets256199169144133115122
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash(9.84)(9.27)(0.50)4.47(2.83)(26.30)(15.14)
Net cash from operating activities9.5347.9842.0714.1232.9734.5919.44
Net cash from investing activities(20.07)(50.15)(40.33)(8.53)(17.12)(3.68)(6.75)
Net cash from financing activities33.601.60(10.51)(10.56)(8.56)(7.43)(23.85)
Net change in cash23.07(0.57)(8.77)(4.97)7.2923.47(11.16)
Closing cash14.133.720.601.795.843.571.05
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+20.5%+29.1%+15.8%+0.3%+22.8%+9.7%-
EBITDA growth+54.7%-16.5%+29.7%-0.2%+5.8%+84.0%-
PBT growth+119.3%-32.5%+40.0%-51.2%+135.7%+1285.0%+471.4%
Net income growth+103.2%-22.7%+37.7%-8.6%+5.6%+1071.9%-
Revenue CAGR (3Y)+21.7%+14.5%+12.6%+10.6%+8.8%+2.7%+3.0%
EBITDA CAGR (3Y)+18.8%+2.6%+11.0%+24.8%+29.2%+24.0%+30.9%
Profitability & leverage
Net income margin+6.7%+4.0%+6.7%+5.6%+11.3%+7.1%+0.4%
Return on capital employed+19.6%+14.7%+22.0%+19.1%+21.1%+19.6%+9.4%
Return on net worth+17.0%+16.4%+25.4%+22.8%+37.5%+60.5%+5.8%
Debt / equity0.291.041.101.302.085.199.32
Long-term debt / equity0.060.200.390.641.062.632.88
Interest cover12.1137.9323.5730.1018.8031.06100.40
Efficiency & per share
Fixed asset turnover2.172.382.352.172.442.092.00
Inventory turnover8.107.297.127.448.797.256.43
Debtors turnover6.536.536.446.016.976.986.61
EPS (₹)33.6619.8325.6318.5837.3719.290.88
Dividend per share (₹)3.002.502.402.002.000.000.00
Book value per share (₹)286.75130.13111.7889.7672.9935.5516.08

To see the full year-wise statements and ratios of Sunshield Chemicals Limited, buy the company report.

Board of directors of Sunshield Chemicals Limited

Sunshield Chemicals has 6 current directors and 35 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Jeet Sudhir Malhotra
Also directs: Indus Petrochem Limited
Managing Director30 Nov 20214 Years 11 MonthsCurrent
Maya Parihar Malhotra
Also directs: Indus Petrochem Limited
Director30 Nov 20214 Years 11 MonthsCurrent
Anand Laxminarain Parihar
Also directs: Indus Petrochem Limited, Joint and Bone Institute LLP, Mandakini Healthcare LLP
Director30 Nov 20214 Years 11 MonthsCurrent
Cyrus Poonevala
Also directs: Indus Petrochem Limited
Director15 Jan 20224 Years 9 MonthsCurrent
Mukesh Malhotra
Also directs: Alpex Solar Limited, Indo-Belgian Luxembourg Chamber of Commerce and Industry
Director05 May 20251 Years 5 MonthsCurrent
Anniruddha Bhalchandra Pandit
Also directs: Chembond Chemicals Limited, Aarti Industries Ltd, Atriviom Private Limited and 5 more
Director14 Mar 20251 Years 7 MonthsCurrent
View all directors

Peer comparison

Sunshield Chemicals Limited is compared with the 8 companies closest to it by revenue in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Sunshield Chemicals Limitedthis company₹440.91 Cr (FY 2026)₹29.61 Cr6.7%20.5%179Mumbai, Maharashtra, India
Proec Energy Limited₹377.57 Cr (FY 2024)9.0%New Delhi, Delhi, India
Lord India Private Limited₹376.57 Cr (FY 2025)16.0%Nashik, Maharashtra, India
Ganesh Polychem Limited₹371.93 Cr (FY 2022)39.0%Mumbai, Maharashtra, India
Supreet Chemicals Limited₹369.15 Cr (FY 2025)52.0%Pardi, Gujarat, India
Vishnu Barium Private Limited₹359.17 Cr (FY 2025)65.0%Hyderabad, Telangana, India
Atul Products Limited₹353.6 Cr (FY 2025)440.0%Atul, Gujarat, India
Rajsha Chemicals Private Limited₹345.96 Cr (FY 2025)28.0%Vadodara, Gujarat, India
Pioneer Jellice India Private Limited₹343.14 Cr (FY 2025)3.0%Madurai, Tamil Nadu, India

To see the full peer comparison of Sunshield Chemicals Limited, buy the company report.

Auditor

Sunshield Chemicals Limited is audited by CNK & Associates LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
CNK & Associates LLPFY 2023101961 W/W-100036

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 66.50%, foreign institutional investors hold 9.10%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 24.40%.

Promoters: 66.50%FII (Foreign Institutional): 9.10%Retail & Others: 24.40%
Sep 2026
QUARTER
66.50% Promoters
9.10% FII (Foreign Institutional)
24.40% Retail & Others
Promoter holding - history
Now 66.50% · Sep 2026High 66.50% · Jun 2026Low 64.40% · Dec 2025
63%64.3%65.5%66.8%68%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 64.40%Mar 2026: 66.00%Jun 2026: 66.50%Sep 2026: 66.50%66.50%64.40%66.50%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters66.50%66.50%66.00%64.40%
Public33.50%33.50%34.00%35.60%

Charges & borrowings

Open charges
₹25 Cr
Satisfied charges
₹116.95 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹20.00 Cr
Axis Bank Limited₹5.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
27 Jun 2024100949537Axis Bank Limited₹5 CrOpen
30 May 2022100578583Hdfc Bank Limited₹20 CrOpen
11 Jan 2022100523724Others₹2 CrSatisfied
29 Mar 201110282132Bank of Baroda₹6 CrSatisfied
30 Jun 201010231050Bank of Baroda₹2 CrSatisfied

To see the full charge records of Sunshield Chemicals Limited, buy the company report.

Total charge records: 71 View all charges

Deals & funding

Sunshield Chemicals Limited has 12 deals on record (11 market trades, 1 acquisition); the latest was in March 2025.

Total deals
12
Market trades
11
Acquisition
1

Deals on record (5 of 12)

WhenDealAmountParties
Mar 2025Market trade₹4.03 CrBuyer: Coppersmith Energies and Project Private Limited
Dec 2021Market trade₹3.21 CrBuyer: Rashi Fincorp Limited
Dec 2012Market trade₹26.3 LakhSeller: Rajasthan Global Securities Private Limited
Dec 2012Market trade₹50.4 LakhBuyer: Rajasthan Global Securities Private Limited
Seller: an individual
Jan 2006Market trade₹59.7 LakhBuyer: an individual
Seller: Icici Bank Limited

To see the full deal history of Sunshield Chemicals Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Sunshield Chemicals Limited has 13 MSME Form 1 returns on record between 2014 and 2024, listing 123 overdue payments to 31 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 31)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
Limbhore Engineering Contractors Private Limited
an individual supplier
Praful Venture Private Limited

To see the full MSME payment records of Sunshield Chemicals Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Sunshield Chemicals Limited has a workforce of 179 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.

Employee count
179
Active EPFO establishments
1
Employee growth
16.23%

GST

Sunshield Chemicals has 3 GST registrations: 1 active and 2 cancelled or inactive.

Total GSTINs
3
Active
1
Cancelled / inactive
2
GSTINStateStatusRegistered on
27AAFCS8219K1ZXMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Sunshield Chemicals Limited, buy the company report.

Recent activity

Sunshield Chemicals Limited has 70 board changes on record since 1986: 38 appointments and 32 cessations. The latest: Ajit Chinubhai Shah ceased to be Director on 19 Oct 2025.

Charges
A charge with Axis Bank Limited of Rs. 5.00 Cr registered on 27 Jun 2024 with Charge ID 100949537 was modified on 15 Oct 2026.
Charges
A charge with Hdfc Bank Limited of Rs. 20.00 Cr registered on 30 May 2022 with Charge ID 100578583 was modified on 12 Oct 2026.
AGM
Sunshield Chemicals Limited last Annual general meeting of members was held on 03 Jul 2026 as per latest MCA records.
Filing
Sunshield Chemicals Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Ceased
Ajit Chinubhai Shah ceased to be Director.
Appointed
Mukesh Malhotra was appointed as Director.
Ceased
Laxmana Ranjal Shenoy ceased to be Director.
Appointed
Anniruddha Bhalchandra Pandit was appointed as Director.
Ceased
Aruna Vilas Soman ceased to be Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 5.00 Cr with Charge ID 100949537 was registered on 27 Jun 2024.
Charges
A charge registered on 11 Jan 2022 via Charge ID 100523724 with Others was fully satisfied on 26 Apr 2023.
Ceased
Virendrasingh Dharamsingh Baidwal ceased to be Managing Director.

218 earlier events are in the company report.

News

Sunshield Chemicals schedules board meeting
02 Feb 2025 · India Infoline

Frequently asked questions

Sunshield Chemicals is an active public limited company based in Mumbai, Maharashtra, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 19 November 1986 (40+ years old) and is registered under CIN L99999MH1986PLC041612. Listed on BSE: 530845 and NSE: SUNSHIEL.

Sunshield Chemicals reported revenue of ₹440.91 Cr for FY 2025-26 (up 20.5% YoY) based on standalone financials.

Sunshield Chemicals has 6 current directors:

The latest financial statements of Sunshield Chemicals on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 03 July 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Sunshield Chemicals is 27AAFCS8219K1ZX, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.

The CIN (Corporate Identification Number) of Sunshield Chemicals is L99999MH1986PLC041612. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Sunshield Chemicals is a listed company as per MCA records. Its shares are listed on both BSE (code: 530845) and NSE (symbol: SUNSHIEL).

Sunshield Chemicals has 19 court cases on record: 8 filed by the company and 11 filed against it. 6 are pending. Most are in the district courts.

Sunshield Chemicals was incorporated on 19 November 1986, making it 40+ years old. It is registered with the Registrar of Companies, Mumbai.

Sunshield Chemicals has 12 deals on record (11 market trades, 1 acquisition); the latest was in March 2025.

The peers of Sunshield Chemicals by revenue are Proec Energy Limited, Lord India Private Limited, Ganesh Polychem Limited, Supreet Chemicals Limited, Vishnu Barium Private Limited and 3 more, all in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).

Ajit Chinubhai Shah ceased to be Director on 19 Oct 2025. Mukesh Malhotra was appointed as Director on 05 May 2025. Laxmana Ranjal Shenoy ceased to be Director on 19 Mar 2025. Sunshield Chemicals has 70 board changes on record in total.