Announcements to stock Exchanges Archives
Record Date for Interim Dividend 2018-19 viz. November 7. 2018
With reference to our Board proceedings as uploaded today on stock exchange portal, we would like to state that the Record Date for Interim Dividend of 2018-19 was inadvertently mentioned as Monday, November 5, 2018 in lieu of Wednesday, November 7, 2018. Hence your goodseif is kindly requested to consider the Record Date as November 7, 2018 for the shareholders of the Company holding shares in physcial form and/or dematted form.
Meeting of The Board of Directors of the Company, held on Friday, October 26, 2018
The Board of Directors of the Company at their meeting held on Friday, October 26, 2018 at Solitaire Corporate Park, Building No. 11,4th Floor, 167, Guru Hargovindji Marg, Chakala, Andheri (East), Mumbai – 400 093 have inter-alia transacted/approved the following businesses.
(a) Approved the Unaudited Financial Results of the company for the Quarter/Half Year Ended September 30, 2018 including Statement of Assets & Liabilities thereto pursuant to the provisions of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. The Limited Review Report (LRR) issued by the Statutory Auditors of the company with respect to the aforesaid Unaudited Financial Results is annexed herewith alongwith the copy of the financial results.
(b) Declared Interim Dividend of Re.1/- per share for the Financial Year 2018-2019 on its paid up equity share capital of Rs. 965019580/-(consisted of 96501958 equity shares of Rs. 10/- each) entailing an outgo of Rs.965.02 Lakhs as dividend and Rs.198.44 Lakhs as dividend distribution tax.
The Company has fixed Monday, November 5, 2018 as the “Record Date” for the purpose of Interim Dividend.
Accordingly, eligibility for payment of dividend will be:
- for persons holding shares in Demat form : as per their BENPOS position on the Record Date viz.November 5, 2018.
- for persons holding shares in Physical form : persons whose name appear in the Register of Members of the Company at the close of business hours on Record Date viz. November 5, 2018.
(c) Appointed Shri D N Mishra as Company Secretary Cum Compliance Officer of the Company ( viz.a Key Managerial Personnel) wet, 26-10-2018 in place of Shri Ravi V Kuddyady who retired from the services of the Company on September 30, 2018 consequent upon attaining the age of superannuation Hence please change the name of Compliance Officer of the Company on your Stock Exchange Portal immediately.
(d) To conduct Postal Ballot and 2-voting process for obtaining approval of members by way of Special Resolution to keep the Directorship of Shri M P Taparia, Shri B L Taparia and Shri Nihalchand Chauhan continued on the Board of Company, as per the Provisions of Regulation 17(1A) of SEBI (LQDR) Regulations, 2015, despite having attained the age of 75 Years or more. The schedule of events for aforesaid Ballot voting (including 2-Voting) as approved by the Board is ançiexed herewith. The Board Meeting commenced at 3:15 p.m. and concluded at 6:00 p.m. Kindly take above details/information on your record for doing needful at your end.
Announcement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015
We wish to inform you that Mr. Ravi V Kuddyady, Company Secretary/Compliance Officer and one of the Key Managerial Personnel of the the Company retired from the services of the Company on Septemberr 30, 2018 upon attaining the age of supperannuation.
The Board will announce his successor in due course and the same shall be intimated to the Stock Exchanges thereafter.
Announcement under Regulation 30 & 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 – (21/06/2018)
The representatives of Anvil Share & Stock Broking Pvt. Ltd. met the Company’s Management today. They were given an overview of the Industry and current business environment.
Announcement under Regulation 30 & 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 – (07/02/2018)
The representatives of JHP Securities Private Limited met the Company’s Management today. They were given an overview of the Industry and current business environment.
Announcement under Regulation 30 & 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015
We wish to inform you that India Ratings and Research (India-Ra) has affirmed Supreme Petrochem Ltd’s (SPL) Long Term Issuer Ratings to ‘IND A+’. The outlook is stable. The agency has also taken following rating actions on SPL bank facilities :
– INR1,000m* fund-based limits has affirmed to ‘IND A+’/Stable/’IND A1+’
– INR12,500M* (increased from INR11,200m) non-fund based limits:affirmed to ‘IND A+’/Stable/ ‘IND A1+’.
* Interchangeable with the non-fund-based limits.
Announcement under Regulation 30 & 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 – (07/12/2017)
The representatives of Prabhudas Lilladher Pvt. Ltd. and Anvil Share & Stock Broking Pvt. Ltd. met the Company’s Management today. They were briefed about the Company’s products, their applications and were given an overview of the Industry and current business environment.
Announcement under Regulation 30 & 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 – (26/09/2017)
The representatives of Mirae Asset Global Investments (India) Pvt. Ltd., Batlivala & Karani Securities Pvt. Ltd., Oyster Rock Capital and Haitong Securities India Pvt. Ltd. met the Company’s Management today. They were given an overview of the Industry and current business environment.
Announcement under Regulation 30 & 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 – 10.08.2017
The representatives of Kisan Ratilal Choksey Shares and Securities Pvt. Ltd. and Motilal Oswal Securities Ltd. met the Company’s Management today. They were briefed about the Company’s products, their applications and were given an overview of the Industry and current business environment.
Announcement under Regulation 30 & 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 – (17/05/2017)
The representatives of Anvil Wealth Management Pvt. Ltd. met the Company’s Management today. They were given an overview of the Industry and current business environment.
Announcement under Regulation 30 & 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 – (16/05/2017)
The representatives of Axis Capital Ltd. and Kotak Mahindra Asset Management Co. Ltd. met the Company’s Management today. They were briefed about the Company’s products, their applications and were given an overview of the Industry and current business environment.
Announcement under Regulation 30 & 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015
The representatives of Haitong Securities India Private Limited met the Company’s Management today They were briefed about the Company’s products, their applications and were given an overview of the Industry and current business environment.
The representatives of Mirae Asset Global Investment (India) Pvt. Ltd. met the Company’s Management today They were briefed about the Company’s products, their applications and were given an overview of the Industry and current business environment.
Announcement under Regulation 30 & 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015
The representatives of Vallum Capital Advisors Pvt. Ltd met the Company’s Management today They were briefed about the Company’s products, their applications and were given an overview of the Industry and current business environment.
Announcement under Regulation 30 & 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015
The representatives of AUM Fund Advisors LLP met the Company’s Management today. They were briefed about the Company’s products, their applications and were given an overview of the Industry and current business environment.
Announcement under Regulation 30(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 Completion of trial runs for production of SMMA
The trial runs for producing Styrene Methyl Methacrylate (SMMA) by modifying one of the Polystyrene (PS) lines at the plant in Maharashtra into a swing line capable of producing either PS or SMMA have been completed.
This modified line with a SMMA capacity of 42500 TPA is now ready for commercial production.
Announcement under Regulation 30 & 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 – Dated January 30, 2017
The representatives of Ashmore Investment Advisors (India) Pvt. Ltd. and IDFC Securities Ltd. met the Company’s Management today and were given an overview of the Industry and current business environment.
Announcement under Regulation 30 & 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 – Dated December 29, 2016
The representatives of FIL Research (India) Private Limited met the Company’s Management today and were given an overview of the Industry and current business environment.
Announcement under Regulation 30 & 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 – Dated November 30, 2016)
We wish to inform you that India Ratings and Research (India-Ra) has upgraded Supreme Petrochem Ltd’s (SPL) Long Term Issuer Ratings to ‘IND A+’ from ‘IND A’. The outlook is stable.
The agency has also taken following rating actions on SPL bank facilities:
– INR1,000m* fund-based limits: upgraded to ‘IND A+’/Stable/’IND A1+’ from ‘IND A’/’IND A1’
– INR11,200M* (reduced from INR11,850m) non-fund based limits: upgraded to ‘IND A+’/Stable/ ‘IND A1+’ FROM ‘IND A’/’IND A1’.
* Interchangeable with the non-fund-based limits .
AnnoAnnouncement under Regulation 30 & 46 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulation, 2015 : dated September 20, 2016
The representatives of L & T Financial Services met the Management this evening and were briefed about the products manufactured by the Company and their applications.
Announcement under Regulation 30 & 46 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulation, 2015 : dated September 9, 2016
The representatives of SPA Securities Ltd. and Anvil Share and Stock Broking Pvt. Ltd. met the Management this evening and were briefed about the products manufactured by the Company and their applications.
Announcement under Regulation 30 & 46 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulation, 2015 : dated September 2, 2016
The representatives of Batilwala & Karani Securities India Pvt. Ltd. met the Management this evening and were briefed about the products manufactured by the Company and their applications.
Announcement dated April 20, 2016
The Board of Directors of the Company at the meeting held on April 20, 2016 at Solitaire Corporate Park, Building No. 11, 5th Floor, 167, Guru Hargovindji Marg, Chakala, Andheri (East), Mumbai – 400 093 have inter-alia transacted the following business:
- Took on record the Audited Financial Results for the Financial Year (Nine Months) Ended March 31, 2016. Pursuant to the provisions of Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 we enclose the Audited Financial Results for the Financial Year (Nine Months) Ended March 31, 2016 alongwith the audit report and Form A (For Audit Report with Unmodified Opinion).
- Approved the Financial Statements for the Financial Year (Nine Months) Ended March 31, 2016.
- Recommended that the Interim Dividend of Rs.1.50/- per share paid on the Equity Shares of the Company in March 2016 be treated as the final dividend for the Financial Year Ended March 31, 2016.
- Decided to hold the Annual General Meeting of the Company on Wednesday, August 24, 2016 at 4.00 p.m. at Indian Merchants’ Chamber, Walchand Hirachand Conference Hall, IMC Marg, Churchgate, Mumbai – 400 020.
- Decided to close the Register of Members and Share Transfer Books for the purpose of Annual General Meeting from Monday, August 22, 2016 to Wednesday, August 24, 2016 (both days inclusive).
- Pursuant to the provisions of Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014 the Company shall provide its members the facility to exercise their votes electronically for transacting the items of business as set out in the Notice of the Annual General Meeting.
- For the aforesaid purpose, the Company has fixed August 17, 2016 as the cut-off date to determine the entitlement of voting rights of members for e-voting.
The meeting commenced at 11 a.m. and ended at 12.40 p.m.
Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulation, 2015 : Resignation of Director April 7, 2016
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 we hereby notify that Shri Hasmukh Shah has resigned from the Board of Directors of the Company w.e.f. April 7, 2016 under provisions of Section 168 of the Companies Act, 2013.
Disruption of operations of Chennai plant due to floods : December 3, 2015
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 we hereby notify that the operations of our EPS Plant at Chennai have been disrupted due to heavy rains and floods. The expected downtime can be assessed only after normalcy returns. However, the Company does not anticipate material loss of revenue as customers can be serviced from the Company’s EPS plant at village, Amdoshi/Wangani, District, Raigad, Maharashtra.
The plant has adequate insurance cover against natural calamities.
Commencement of operations of Chennai plant disrupted due to floods –
Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 – January 11, 2016
Further to our letter no. CFA/CS/18/AGM_3/2015-16 dated December 3, 2015 we wish to inform that we have commissioned the main plant.
The plant is expected to attain full capacity with commissioning of all connected systems by January 16, 2016.
Commencement of operations of Chennai plant disrupted due to floods : January 22, 2016
We refer to our announcement dated 03.12.2015 and 11.01.2016 under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 about the disruption due to floods and subsequent commencement of operations of our Chennai plant.
We have to inform you further that the Company has lodged an initial claim of `10.92 crores with the Insurance Company. The Insurance Company appointed surveyors work is in progress. Since the Company has adequate insurance cover on reinstatement cost basis for fixed assets and on cost basis for raw materials and stores and on selling price basis for finished goods, the management do not expect any financial loss on account of the same. The Company is also insured for “Loss of Profit” during the period the plant operations were shut.
Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulation, 2015 – Introduction of new product : January 22, 2016
The Board of Directors have at the meeting held on January 22, 2016 approved the modification of one of the three Polystyrene (PS) producing lines at the plant in villages Amdoshi, Wangani, Maharashtra into a swing line capable of producing 42500 TPA of SMMA (Styrene Methyl Methacrylate)
in addition to PS.
The technology for the modification of the PS line and production of SMMA will be from Polysty Inc. USA. The cost of the project, including hardware and technology fee should be around ` 6 crores and will be met from internal accruals.
The plant start up is expected by end of 2016 and the estimated payback period is two years.
