");googletag.cmd.push(function(){googletag.defineOutOfPageSlot('/6516239/outofpage_1x1_desktop','div-gpt-ad-1490771277198-0').addService(googletag.pubads());googletag.pubads().enableSyncRendering();googletag.enableServices();}); Supreme Petrochem was down 2.76% to Rs 137.20. Supreme Petrochem said its board approved buyback of upto 41 lakh shares at a price not exceeding Rs 185 per share. Net sales slipped 19.3% to Rs 619.08 crore in Q3 December 2019 over Q3 December 2018. Last Updated at March 13, 2020 12:50 IST. 10/- each (viz. This page has links to all data sheets in MatWeb for the manufacturer Supreme Petrochem LTD. We have several search tools, listed above, that give you more efficient methods to reach the information that you need. The company will buyback a maximum of 41 lakh equity shares at a price not exceeding Rs 185. Shares of Supreme Petrochem are currently trading at a P/E multiple of 31.2x/15.0x on FY21/22E earnings, respectively after rallying ~17% in YTD. Supreme Petrochem Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 23, 2020, inter alia, has declared Interim Dividend of Rs.2.50/- per equity share of the Company for the Financial Year 2020-2021 on its paid up equity share capital (consisting of 94020671 equity shares of Rs. FOR THE ATTENTION OF THE SHAREHOLDERS/ BENEFICIAL OWNERS OF THE EQUITY SHARES OF SUPREME PETROCHEM LIMITED The Post Buyback Public Announcement is issued in compliance with Regulation 19(7) of the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 1998 and subsequent amendments thereto. During the year under review your Directors declared an interim dividend @10% on its paid up Share capital, consisted of 9,65,01,958 equity shares of RS. 62.67 crores excluding dividend distribution tax (DDT) and all other expenses to be incurred for buyback viz, filing fees payable to SEBI, Stock Exchanges fees, advisors fees, transaction cost viz., brokerage, applicable taxes such as securities transaction tax, stamp duty etc., and any other incidental and related expenses in cash from the BSE and the National Stock Exchange of India, subject to a price not exceeding Rs. Earlier, companies such as Sun Pharma, Supreme Petrochem, Emami, Dalmia Cement and Granules India Ltd had announced share buyback. Copyright © 2020 ICN. As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. SUPREME PETROCHEM LTD PERFORMANCE HIGHLIGHTS r in Lakhs unless indicated otherwise 2019-2020 2018-2019 2017-2018 2016-2017 2015-2016 2014-2015 2013-2014 2012-2013 2011-2012 2010-2011 (12 Months) (12 Months) (12 Months) (12 Months) (9 Months) (12 Months) (12 Months) (12 Months) (12 Months) (12 Month) Net Sales 272425 319381 302661 291862 206805 265254 326430 … But the TCS buyback when the stock price is at an all-time high doesn’t quite sit with conventional wisdom. Enjoy Reading! March 20 is fixed as record date. Also, we will provide all required information about Just Dial Limited Buyback offer, buyback price, buyback size, Just Dial Buyback record date, and company’s finance so you can make the best decision for your portfolio. Supreme Petrochem increases promoter stake The Board of Directors of Supreme Petrochem Limited (SPL) at its meeting held on March 12, 2020 has approved buyback of 2.27 percent share proposal of the company under the Provisions of the Companies Act, 2013 and SEBI (Buy-Back) Regulations, 2018 It is engaged in the manufacture of polystyrene (PS), expandable polystyrene (EPS), specialty polymers and compounds (SPC), and extruded polystyrene (XPS) foam boards. 1,500,000,000 and its paid up capital is Rs. 418 Cr order from Saudi Aramco, IGPL starts commercial production at Taloja, CSC partners IIT Delhi to promote rural entrepreneurs, India launches digital platform based COVID-19 vaccine distribution campaign for start-ups, DPIIT invites applications for startup awards, Cabinet approves modified scheme to enhance Ethanol capacity, Ethanol value chain to fuel investment of Rs. Emami is today among the gainers on the bourses as its Board is meeting today to decide on the intricacies of the buyback. Apply now to build a successful career with Supreme Petrochem (SPL) The dates of the buyback offer will be mentioned in the public announcement, the company's statement added. SUPREME PETROCHEM LTD (SPL) owns and operates state-of-the art production facilities from two locations in India, the first at Amdoshi – Wangani Village near Nagothane in District Raigad Maharashtra and the Second in New Manali Town near Chennai in Tamil Nadu.SPL exports its Products to more than 100 Countries around the Globe. The buyback price is at a premium of 31 percent to current closing prices on March 12. Supreme Petrochem LTD Technical Data Sheets. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed. And has a strong international presence as well. All Rights Reserved. Sun Pharmaceuticals, Supreme Petrochem, Dalmia Bharat, Emami and Granules India are some of the companies that already announced buybacks. SPL is also the largest exporter of PS from India, exporting to … In Indian market it has share of more than 50%. It is classified as Non-govt company and is registered at Registrar of Companies, Mumbai. Browse Job openings in Supreme Petrochem (SPL). Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. Business Standard is happy to inform you of the launch of "Business Standard Premium Services". ), Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. 1,851 per equity share and subject to a maximum of 41,00,000 equity shares. All these companies announced a buyback in March and, all of them are buying back less 10% of their paid-up equity. Its authorized share capital is Rs. Supreme Petrochem Limited is a Public incorporated on 14 December 1989. ideaForge Technology, ideaForge Technology, Managing Director – South Asia, Huntsman Corporation, Jindal Poly Films CEO Animesh Banerjee resigns, Welspun receives Rs. increase pursuant to buy back Supreme Petrochem BOD on 10 March 2020 approved share buy back of up to INR 62.67 crores from open market Emami BOD on 19 March 2020 approved share buy back of up to INR 194 crores in order to distribute cash to shareholders and increase promoter stake Dalmia Bharat BOD on 21 March 2020 approved share buy back of up This has caused an uptick in buyback frequency in FY21. Although the last move by SEBI will definitely boom the buyback practice and buy back shall remain the preferred choice at this time for such economic low. Supreme Petrochem said its board approved buyback of upto 41 lakh shares at a price not exceeding Rs 185 per share. Business Finance, Capital Market  10/- each) entailing an outgo of Rs.2350.52 Lakhs. Company Announcement Supreme Petrochem Limited has informed the Exchange about Buyback of securities of SUPREME PETROCHEM LTD from the Open Market in terms of SEBI (Buy Back) of Securities) Regulations, 2018 - NEWS as on 2020-09-18 . Supreme Petrochem Ltd Share Price- Get Supreme Petrochem Ltd Stock/Share prices. The Board of Directors of Supreme Petrochem Limited (SPL) at its meeting held on March 12, 2020 has approved buyback of 2.27 percent share proposal of the company under the Provisions of the Companies Act, 2013 and SEBI (Buy-Back) Regulations, 2018. Supreme Petrochem Ltd. is at the forefront of styrenics in India. Now, TCS will soon follow. However, compared to historical valuations, the shares of Supreme Petrochem are trading at a discount of 27% to … SPL owns and operates production facilities from two locations in India, the first at Amdoshi – Wangani Village near Nagothane in District Raigad Maharashtra and the second in New Manali Town near Chennai in Tamil Nadu. 6267 lakhs: Rs. dividend of Re 1.00 per equity share) on October 26, 2018 involving an outgo of RS. Supreme Petrochem Limited has informed the Exchange regarding Closure of Buy Back with effect from September 18, 2020 19 Sep 2020 This is to inform you that the Board of Directors of the Company at its meeting held through Video Conference (VC) on Friday, September 18, 2020 appro Record date set at Nov. 13. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Digital Editor. Your support through more subscriptions can help us practise the journalism to which we are committed. Supreme Petrochem Limited Board has approved a buyback of up to 41 lakh shares (9.99%) at Rs185/share, aggregating to Rs62.67crore. Supreme Petrochem Limited Share Price Today, Live NSE Stock Price: Get the latest Supreme Petrochem Limited news, company updates, quotes, offers, annual financial reports, graph, volumes, 52 week high low, buy sell tips, balance sheet, historical charts, market performance, capitalisation, dividends, volume, profit and loss account, research, results and more details at NSE India. Team Business Standard, Jubilant Foodworks gains on acquiring 10.76% stake in Barbeque Nation, Snowman Logistics Ltd leads losers in 'A' group, Mohota Industries Ltd leads losers in 'B' group, Volumes spurt at Sun Pharma Advanced Research Company Ltd counter, Reliance Jio to make all domestic voice calls free from 1st Jan, Godawari Power rises after signing MoU with Chhattisgarh Govt, Supreme Petrochem board to mull buyback on 12 March, Supreme Petrochem standalone net profit rises 358.32% in the September 2019 quarter, Supreme Petrochem reports standalone net profit of Rs 2.07 crore in the December 2019 quarter, Panama Petrochem consolidated net profit declines 59.41% in the December 2019 quarter, Access Exclusive content - articles, features & opinion pieces, Weekly Industry/Genre specific newsletters - Choose multiple industries/genres, Access to 17 plus years of content archives, Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box, End of day news alerts on 5 companies (via email). The polystyrene plant was set up in collaboration with ABB Lumus Crest, USA, at Nagothane, in Maharashtra with an … Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. SUPREME PETROCHEM LIMITED - PA Mar 19, 2020 | Buybacks : Tender Offers We, however, have a request. With a market share exceeding 50%, the company remains the undisputed leader in India . Supreme Petrochem: Board has approved a buyback of up to 41 lakh shares (9.99 percent) at Rs 185 per share, aggregating to Rs 62.67 crore. Know everything about the buyback from JustDial. On a standalone basis, Supreme Petrochem reported a net profit of Rs 2.07 crore in Q3 December 2019 as compared to a net loss of Rs 17.57 crore in Q3 December 2018. Supreme Petrochem promoted by Supreme Industries (SIL) and R Raheja Investments was incorporated in Dec. 1989. Returning surplus cash. 3 The Supreme Group Supreme Industries: Engaged in processing of polymers and resins into finished plastic products 29.99 per cent stake in Supreme Petrochem Supreme Industries Overseas (FZE) - A wholly owned subsidiary, in the United Arab Emirates. Supreme Petrochem: Manufactures Polystyrene, Expanded Polystyrene (normal and cup grade), Check Supreme Petrochem Ltd's Live BSE/NSE prices with Historic data. For instance, TCS proposed to buy back shares at Rs 3,000 per share, which is at a premium to the closing price of `2,737 on the day of the announcement (October 7). Coal India to pay interim dividend of Rs 12 per share. Topics The buyback price is at a premium of 31% to current closing prices on March 12. The Styrenics facility at Amdoshi – Wangani Manufactures Supreme Petrochem: Buyback amount Rs. Supreme Petrochem Ltd (SPL) (BSE: 500405:NSE: SUPPETRO) is India’s largest producer and exporter of polystyrene polymer based in Mumbai, Maharashtra, India. The company announced that its board on 12 March 2020 approved buyback of the company's fully paid-up equity shares for an amount not exceeding Rs 62.67 crore. 198.44 Lakhs. 126: Other Companies Considering Buyback. We believe in free, fair and credible journalism. Some companies that are currently doing such a buyback, through open market route, are Sun Pharmaceutical Industries, Emami, Motilal Oswal Financial Services, Dalmia Bharat, Delta Corp, Ramkrishna Forgings and Supreme Petrochem. 10 each from open market through the stock exchange mechanism, for an amount not exceeding Rs. The buyback of the company’s fully paid-up equity shares of Rs. The maximum buyback size represents 9.998% of the aggregate of the total paid-up equity capital and free reserves of the company based on the audited financial statements of the firm for last financial year ended on 31 March 2019. Apart from Emami, in the past fortnight, ever since the crash began, a few more companies announced plans to buyback – SP Apparels, Sun Pharma, Supreme Petrochem … Supreme Petrochem Limited SUPPETRO National Stock Exchange of India (NSE) - 21 July, 2014 SuDividendupreme Petrochem Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on July 18, 2014,has recommended a … Kindly visit the Manage my subscription page to discover the benefits of this programme. The stock hit 52-week low at Rs 113.10 during intraday trade. SUPREME PETROCHEM LTD (SPL) owns and operates state-of-the art production facilities from two locations in India, the first at Amdoshi – Wangani Village near Nagothane in District Raigad Maharashtra and the Second in New Manali Town near Chennai in Tamil Nadu.SPL exports its Products to more than 100 Countries around the Globe. Follow @icn for the latest news, insider access to events and more. 1. Get Indian Chemical News's top stories every morning in your email inbox. Supreme Petrochem's primary business segment is styrenics. Indian Chemical News is an important online resource for news, views, analysis, trends, technology updates and interviews with prominent leaders in the chemical and petrochemical space.Indian Chemical News is a media company with interests in online publishing and industry events related to the chemical and allied sectors. 40,120 Cr: Pradhan, Ishan Dyes & Chemicals bags Rs 40 crores order, Covestro pushes digitization for making processes efficient, Delta helps Formosa Plastics create its new energy-efficient enterprise data center, VA Tech WABAG to increase Al for waste water treatment, Air Liquide wins biomethane supply contract from a UK-based retailer, Confidence Petroleum completes EPC for Bengal Gas, CRISIL reaffirms bank facilities rating of Gujarat Gas, COVID-19 vaccination dry run conducted in 4 states, DavaIndia opens first COCO store in Surat, FDC planning Capex investment of Rs. Buyback price is at premium of 28.9% to the closing prices as on Nov. 2. Copyrights © 2021 Business Standard Private Ltd. All rights reserved. 2. DIVIDEND. SPL exports its products to more than 100 countries around the globe. At the same time, exports to over 70 countries worldwide testify to SPL's considerable technological strengths. Directors Report of Supreme Petrochem Ltd. including company performance and company plans, if any. It manufactures styrene monomer and polystyrene. Board has approved extension of tenure of Gurdeep Singh as chairman and managing director of the company till July 2025. The Board of Directors of Supreme Petrochem Limited (SPL) at its meeting held on March 12, 2020 has approved buyback of 2.27 percent share proposal of the company under the Provisions of the Companies Act, 2013 and SEBI (Buy-Back) Regulations, 2018, Subscribe To Our Newsletter & Stay Updated. 100 Cr, Kearney's presentation on 'Making India a Global Agrochemical Manufacturing Hub', AVEVA's presentation on 'Sustainability Via Digital Transformation', Instead of restricting the glyphosate herbicide use, Government should prevent the illegal cultivation of HT Cotton says ACFI, AI-powered drones for precision agriculture : The secret to scaling and sustenance, Digital Transformation is a key priority area for us says R. S. Jalan, GHCL, Hybrid models are a game changer in process engineering and plant improvement, says Sanjeev Mullick, VP – Sales, Asia Pacific and Japan, AspenTech, Chemical industry has always been a consistent value creator with incredible growth opportunities, says Rahul Tikoo, Managing Director – South Asia, Huntsman, E-conference on Achieving Sustainability Via Digital Transformation, E-conference on Role of R&D in Making Chemical Industry Aatma Nirbhar, Role of Digitization to Make Chemical Industry Aatma Nirbhar. The stock traded in the range of Rs 113.10 to Rs 164 so far. Support quality journalism and subscribe to Business Standard. Business Standard staff and is registered at Registrar of companies, Mumbai and, of! 619.08 crore in Q3 December 2019 over Q3 December 2018 us practise journalism! 19.3 % to the closing prices on March 12 stories every morning in your inbox! Even better and more relevant content % to Rs 164 so far buyback when the stock price is the... 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Emami, a consumer goods company will also meet … 1163.46 Lakhs including corporate dividend tax of RS. 965,019,580. 185: Rs. document.write("");googletag.cmd.push(function(){googletag.defineOutOfPageSlot('/6516239/outofpage_1x1_desktop','div-gpt-ad-1490771277198-0').addService(googletag.pubads());googletag.pubads().enableSyncRendering();googletag.enableServices();}); Supreme Petrochem was down 2.76% to Rs 137.20. Supreme Petrochem said its board approved buyback of upto 41 lakh shares at a price not exceeding Rs 185 per share. Net sales slipped 19.3% to Rs 619.08 crore in Q3 December 2019 over Q3 December 2018. Last Updated at March 13, 2020 12:50 IST. 10/- each (viz. This page has links to all data sheets in MatWeb for the manufacturer Supreme Petrochem LTD. We have several search tools, listed above, that give you more efficient methods to reach the information that you need. The company will buyback a maximum of 41 lakh equity shares at a price not exceeding Rs 185. Shares of Supreme Petrochem are currently trading at a P/E multiple of 31.2x/15.0x on FY21/22E earnings, respectively after rallying ~17% in YTD. Supreme Petrochem Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 23, 2020, inter alia, has declared Interim Dividend of Rs.2.50/- per equity share of the Company for the Financial Year 2020-2021 on its paid up equity share capital (consisting of 94020671 equity shares of Rs. FOR THE ATTENTION OF THE SHAREHOLDERS/ BENEFICIAL OWNERS OF THE EQUITY SHARES OF SUPREME PETROCHEM LIMITED The Post Buyback Public Announcement is issued in compliance with Regulation 19(7) of the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 1998 and subsequent amendments thereto. During the year under review your Directors declared an interim dividend @10% on its paid up Share capital, consisted of 9,65,01,958 equity shares of RS. 62.67 crores excluding dividend distribution tax (DDT) and all other expenses to be incurred for buyback viz, filing fees payable to SEBI, Stock Exchanges fees, advisors fees, transaction cost viz., brokerage, applicable taxes such as securities transaction tax, stamp duty etc., and any other incidental and related expenses in cash from the BSE and the National Stock Exchange of India, subject to a price not exceeding Rs. Earlier, companies such as Sun Pharma, Supreme Petrochem, Emami, Dalmia Cement and Granules India Ltd had announced share buyback. Copyright © 2020 ICN. As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. SUPREME PETROCHEM LTD PERFORMANCE HIGHLIGHTS r in Lakhs unless indicated otherwise 2019-2020 2018-2019 2017-2018 2016-2017 2015-2016 2014-2015 2013-2014 2012-2013 2011-2012 2010-2011 (12 Months) (12 Months) (12 Months) (12 Months) (9 Months) (12 Months) (12 Months) (12 Months) (12 Months) (12 Month) Net Sales 272425 319381 302661 291862 206805 265254 326430 … But the TCS buyback when the stock price is at an all-time high doesn’t quite sit with conventional wisdom. Enjoy Reading! March 20 is fixed as record date. Also, we will provide all required information about Just Dial Limited Buyback offer, buyback price, buyback size, Just Dial Buyback record date, and company’s finance so you can make the best decision for your portfolio. Supreme Petrochem increases promoter stake The Board of Directors of Supreme Petrochem Limited (SPL) at its meeting held on March 12, 2020 has approved buyback of 2.27 percent share proposal of the company under the Provisions of the Companies Act, 2013 and SEBI (Buy-Back) Regulations, 2018 It is engaged in the manufacture of polystyrene (PS), expandable polystyrene (EPS), specialty polymers and compounds (SPC), and extruded polystyrene (XPS) foam boards. 1,500,000,000 and its paid up capital is Rs. 418 Cr order from Saudi Aramco, IGPL starts commercial production at Taloja, CSC partners IIT Delhi to promote rural entrepreneurs, India launches digital platform based COVID-19 vaccine distribution campaign for start-ups, DPIIT invites applications for startup awards, Cabinet approves modified scheme to enhance Ethanol capacity, Ethanol value chain to fuel investment of Rs. Emami is today among the gainers on the bourses as its Board is meeting today to decide on the intricacies of the buyback. Apply now to build a successful career with Supreme Petrochem (SPL) The dates of the buyback offer will be mentioned in the public announcement, the company's statement added. SUPREME PETROCHEM LTD (SPL) owns and operates state-of-the art production facilities from two locations in India, the first at Amdoshi – Wangani Village near Nagothane in District Raigad Maharashtra and the Second in New Manali Town near Chennai in Tamil Nadu.SPL exports its Products to more than 100 Countries around the Globe. The buyback price is at a premium of 31 percent to current closing prices on March 12. Supreme Petrochem LTD Technical Data Sheets. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed. And has a strong international presence as well. All Rights Reserved. Sun Pharmaceuticals, Supreme Petrochem, Dalmia Bharat, Emami and Granules India are some of the companies that already announced buybacks. SPL is also the largest exporter of PS from India, exporting to … In Indian market it has share of more than 50%. It is classified as Non-govt company and is registered at Registrar of Companies, Mumbai. Browse Job openings in Supreme Petrochem (SPL). Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. Business Standard is happy to inform you of the launch of "Business Standard Premium Services". ), Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. 1,851 per equity share and subject to a maximum of 41,00,000 equity shares. All these companies announced a buyback in March and, all of them are buying back less 10% of their paid-up equity. Its authorized share capital is Rs. Supreme Petrochem Limited is a Public incorporated on 14 December 1989. ideaForge Technology, ideaForge Technology, Managing Director – South Asia, Huntsman Corporation, Jindal Poly Films CEO Animesh Banerjee resigns, Welspun receives Rs. increase pursuant to buy back Supreme Petrochem BOD on 10 March 2020 approved share buy back of up to INR 62.67 crores from open market Emami BOD on 19 March 2020 approved share buy back of up to INR 194 crores in order to distribute cash to shareholders and increase promoter stake Dalmia Bharat BOD on 21 March 2020 approved share buy back of up This has caused an uptick in buyback frequency in FY21. Although the last move by SEBI will definitely boom the buyback practice and buy back shall remain the preferred choice at this time for such economic low. Supreme Petrochem said its board approved buyback of upto 41 lakh shares at a price not exceeding Rs 185 per share. Business Finance, Capital Market  10/- each) entailing an outgo of Rs.2350.52 Lakhs. Company Announcement Supreme Petrochem Limited has informed the Exchange about Buyback of securities of SUPREME PETROCHEM LTD from the Open Market in terms of SEBI (Buy Back) of Securities) Regulations, 2018 - NEWS as on 2020-09-18 . Supreme Petrochem Ltd Share Price- Get Supreme Petrochem Ltd Stock/Share prices. The Board of Directors of Supreme Petrochem Limited (SPL) at its meeting held on March 12, 2020 has approved buyback of 2.27 percent share proposal of the company under the Provisions of the Companies Act, 2013 and SEBI (Buy-Back) Regulations, 2018. Supreme Petrochem Ltd. is at the forefront of styrenics in India. Now, TCS will soon follow. However, compared to historical valuations, the shares of Supreme Petrochem are trading at a discount of 27% to … SPL owns and operates production facilities from two locations in India, the first at Amdoshi – Wangani Village near Nagothane in District Raigad Maharashtra and the second in New Manali Town near Chennai in Tamil Nadu. 6267 lakhs: Rs. dividend of Re 1.00 per equity share) on October 26, 2018 involving an outgo of RS. Supreme Petrochem Limited has informed the Exchange regarding Closure of Buy Back with effect from September 18, 2020 19 Sep 2020 This is to inform you that the Board of Directors of the Company at its meeting held through Video Conference (VC) on Friday, September 18, 2020 appro Record date set at Nov. 13. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Digital Editor. Your support through more subscriptions can help us practise the journalism to which we are committed. Supreme Petrochem Limited Board has approved a buyback of up to 41 lakh shares (9.99%) at Rs185/share, aggregating to Rs62.67crore. Supreme Petrochem Limited Share Price Today, Live NSE Stock Price: Get the latest Supreme Petrochem Limited news, company updates, quotes, offers, annual financial reports, graph, volumes, 52 week high low, buy sell tips, balance sheet, historical charts, market performance, capitalisation, dividends, volume, profit and loss account, research, results and more details at NSE India. 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The polystyrene plant was set up in collaboration with ABB Lumus Crest, USA, at Nagothane, in Maharashtra with an … Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. SUPREME PETROCHEM LIMITED - PA Mar 19, 2020 | Buybacks : Tender Offers We, however, have a request. With a market share exceeding 50%, the company remains the undisputed leader in India . Supreme Petrochem: Board has approved a buyback of up to 41 lakh shares (9.99 percent) at Rs 185 per share, aggregating to Rs 62.67 crore. Know everything about the buyback from JustDial. On a standalone basis, Supreme Petrochem reported a net profit of Rs 2.07 crore in Q3 December 2019 as compared to a net loss of Rs 17.57 crore in Q3 December 2018. Supreme Petrochem promoted by Supreme Industries (SIL) and R Raheja Investments was incorporated in Dec. 1989. Returning surplus cash. 3 The Supreme Group Supreme Industries: Engaged in processing of polymers and resins into finished plastic products 29.99 per cent stake in Supreme Petrochem Supreme Industries Overseas (FZE) - A wholly owned subsidiary, in the United Arab Emirates. Supreme Petrochem: Manufactures Polystyrene, Expanded Polystyrene (normal and cup grade), Check Supreme Petrochem Ltd's Live BSE/NSE prices with Historic data. For instance, TCS proposed to buy back shares at Rs 3,000 per share, which is at a premium to the closing price of `2,737 on the day of the announcement (October 7). Coal India to pay interim dividend of Rs 12 per share. Topics The buyback price is at a premium of 31% to current closing prices on March 12. The Styrenics facility at Amdoshi – Wangani Manufactures Supreme Petrochem: Buyback amount Rs. Supreme Petrochem Ltd (SPL) (BSE: 500405:NSE: SUPPETRO) is India’s largest producer and exporter of polystyrene polymer based in Mumbai, Maharashtra, India. The company announced that its board on 12 March 2020 approved buyback of the company's fully paid-up equity shares for an amount not exceeding Rs 62.67 crore. 198.44 Lakhs. 126: Other Companies Considering Buyback. We believe in free, fair and credible journalism. Some companies that are currently doing such a buyback, through open market route, are Sun Pharmaceutical Industries, Emami, Motilal Oswal Financial Services, Dalmia Bharat, Delta Corp, Ramkrishna Forgings and Supreme Petrochem. 10 each from open market through the stock exchange mechanism, for an amount not exceeding Rs. The buyback of the company’s fully paid-up equity shares of Rs. The maximum buyback size represents 9.998% of the aggregate of the total paid-up equity capital and free reserves of the company based on the audited financial statements of the firm for last financial year ended on 31 March 2019. Apart from Emami, in the past fortnight, ever since the crash began, a few more companies announced plans to buyback – SP Apparels, Sun Pharma, Supreme Petrochem … Supreme Petrochem Limited SUPPETRO National Stock Exchange of India (NSE) - 21 July, 2014 SuDividendupreme Petrochem Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on July 18, 2014,has recommended a … Kindly visit the Manage my subscription page to discover the benefits of this programme. The stock hit 52-week low at Rs 113.10 during intraday trade. SUPREME PETROCHEM LTD (SPL) owns and operates state-of-the art production facilities from two locations in India, the first at Amdoshi – Wangani Village near Nagothane in District Raigad Maharashtra and the Second in New Manali Town near Chennai in Tamil Nadu.SPL exports its Products to more than 100 Countries around the Globe. Follow @icn for the latest news, insider access to events and more. 1. Get Indian Chemical News's top stories every morning in your email inbox. Supreme Petrochem's primary business segment is styrenics. Indian Chemical News is an important online resource for news, views, analysis, trends, technology updates and interviews with prominent leaders in the chemical and petrochemical space.Indian Chemical News is a media company with interests in online publishing and industry events related to the chemical and allied sectors. 40,120 Cr: Pradhan, Ishan Dyes & Chemicals bags Rs 40 crores order, Covestro pushes digitization for making processes efficient, Delta helps Formosa Plastics create its new energy-efficient enterprise data center, VA Tech WABAG to increase Al for waste water treatment, Air Liquide wins biomethane supply contract from a UK-based retailer, Confidence Petroleum completes EPC for Bengal Gas, CRISIL reaffirms bank facilities rating of Gujarat Gas, COVID-19 vaccination dry run conducted in 4 states, DavaIndia opens first COCO store in Surat, FDC planning Capex investment of Rs. Buyback price is at premium of 28.9% to the closing prices as on Nov. 2. Copyrights © 2021 Business Standard Private Ltd. All rights reserved. 2. DIVIDEND. SPL exports its products to more than 100 countries around the globe. At the same time, exports to over 70 countries worldwide testify to SPL's considerable technological strengths. Directors Report of Supreme Petrochem Ltd. including company performance and company plans, if any. It manufactures styrene monomer and polystyrene. Board has approved extension of tenure of Gurdeep Singh as chairman and managing director of the company till July 2025. The Board of Directors of Supreme Petrochem Limited (SPL) at its meeting held on March 12, 2020 has approved buyback of 2.27 percent share proposal of the company under the Provisions of the Companies Act, 2013 and SEBI (Buy-Back) Regulations, 2018, Subscribe To Our Newsletter & Stay Updated. 100 Cr, Kearney's presentation on 'Making India a Global Agrochemical Manufacturing Hub', AVEVA's presentation on 'Sustainability Via Digital Transformation', Instead of restricting the glyphosate herbicide use, Government should prevent the illegal cultivation of HT Cotton says ACFI, AI-powered drones for precision agriculture : The secret to scaling and sustenance, Digital Transformation is a key priority area for us says R. S. Jalan, GHCL, Hybrid models are a game changer in process engineering and plant improvement, says Sanjeev Mullick, VP – Sales, Asia Pacific and Japan, AspenTech, Chemical industry has always been a consistent value creator with incredible growth opportunities, says Rahul Tikoo, Managing Director – South Asia, Huntsman, E-conference on Achieving Sustainability Via Digital Transformation, E-conference on Role of R&D in Making Chemical Industry Aatma Nirbhar, Role of Digitization to Make Chemical Industry Aatma Nirbhar. The stock traded in the range of Rs 113.10 to Rs 164 so far. Support quality journalism and subscribe to Business Standard. Business Standard staff and is registered at Registrar of companies, Mumbai and, of! 619.08 crore in Q3 December 2019 over Q3 December 2018 us practise journalism! 19.3 % to the closing prices on March 12 stories every morning in your inbox! Even better and more relevant content % to Rs 164 so far buyback when the stock price is the... 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