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. Browse Job openings in Supreme Petrochem (SPL). The Styrenics facility at Amdoshi – Wangani Manufactures In Indian market it has share of more than 50%. 1. Directors Report of Supreme Petrochem Ltd. including company performance and company plans, if any. 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. Copyright © 2020 ICN. 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. Supreme Petrochem: Buyback amount Rs. Know everything about the buyback from JustDial. 1,500,000,000 and its paid up capital is Rs. Earlier, companies such as Sun Pharma, Supreme Petrochem, Emami, Dalmia Cement and Granules India Ltd had announced share buyback. 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. 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. Now, TCS will soon follow. However, compared to historical valuations, the shares of Supreme Petrochem are trading at a discount of 27% to … 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. 6267 lakhs: Rs. 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). At the same time, exports to over 70 countries worldwide testify to SPL's considerable technological strengths. 2. DIVIDEND. Record date set at Nov. 13. But the TCS buyback when the stock price is at an all-time high doesn’t quite sit with conventional wisdom. Its authorized share capital is Rs. Coal India to pay interim dividend of Rs 12 per share. 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 … All Rights Reserved. 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 . 10/- each) entailing an outgo of Rs.2350.52 Lakhs. 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. dividend of Re 1.00 per equity share) on October 26, 2018 involving an outgo of RS. March 20 is fixed as record date. We, however, have a request. 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 … Supreme Petrochem said its board approved buyback of upto 41 lakh shares at a price not exceeding Rs 185 per share. Business Standard is happy to inform you of the launch of "Business Standard Premium Services". 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. 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 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. Follow @icn for the latest news, insider access to events and more. 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. The polystyrene plant was set up in collaboration with ABB Lumus Crest, USA, at Nagothane, in Maharashtra with an … It is engaged in the manufacture of polystyrene (PS), expandable polystyrene (EPS), specialty polymers and compounds (SPC), and extruded polystyrene (XPS) foam boards. It manufactures styrene monomer and polystyrene. 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 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. 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. 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 … 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. Business Finance, Capital Market  SPL exports its products to more than 100 countries around the globe. This has caused an uptick in buyback frequency in FY21. 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. 198.44 Lakhs. Get Indian Chemical News's top stories every morning in your email inbox. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. The buyback of the company’s fully paid-up equity shares of Rs. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. 10 each from open market through the stock exchange mechanism, for an amount not exceeding Rs. Supreme Petrochem's primary business segment is styrenics. 126: Other Companies Considering Buyback. Check Supreme Petrochem Ltd's Live BSE/NSE prices with Historic data. 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. 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. Emami, a consumer goods company will also meet … Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. ), 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. We believe in free, fair and credible journalism. 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. 965,019,580. (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed. Supreme Petrochem said its board approved buyback of upto 41 lakh shares at a price not exceeding Rs 185 per share. And has a strong international presence as well. Supreme Petrochem LTD Technical Data Sheets. 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. SUPREME PETROCHEM LIMITED - PA Mar 19, 2020 | Buybacks : Tender Offers 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. The stock traded in the range of Rs 113.10 to Rs 164 so far. 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. Emami is today among the gainers on the bourses as its Board is meeting today to decide on the intricacies of the buyback. Returning surplus cash. Kindly visit the Manage my subscription page to discover the benefits of this programme. Support quality journalism and subscribe to Business Standard. Supreme Petrochem Ltd Share Price- Get Supreme Petrochem Ltd Stock/Share prices. 10/- each (viz. 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. Sun Pharmaceuticals, Supreme Petrochem, Dalmia Bharat, Emami and Granules India are some of the companies that already announced buybacks. 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). ideaForge Technology, ideaForge Technology, Managing Director – South Asia, Huntsman Corporation, Jindal Poly Films CEO Animesh Banerjee resigns, Welspun receives Rs. Supreme Petrochem Limited is a Public incorporated on 14 December 1989. With a market share exceeding 50%, the company remains the undisputed leader in India . The stock hit 52-week low at Rs 113.10 during intraday trade. 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. The company will buyback a maximum of 41 lakh equity shares at a price not exceeding Rs 185. Board has approved extension of tenure of Gurdeep Singh as chairman and managing director of the company till July 2025. 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. The dates of the buyback offer will be mentioned in the public announcement, the company's statement added. 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. 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 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. Your support through more subscriptions can help us practise the journalism to which we are committed. 1163.46 Lakhs including corporate dividend tax of RS. All these companies announced a buyback in March and, all of them are buying back less 10% of their paid-up equity. Supreme Petrochem promoted by Supreme Industries (SIL) and R Raheja Investments was incorporated in Dec. 1989. Last Updated at March 13, 2020 12:50 IST. It is classified as Non-govt company and is registered at Registrar of Companies, Mumbai. Supreme Petrochem: Manufactures Polystyrene, Expanded Polystyrene (normal and cup grade), 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 Ltd (SPL) (BSE: 500405:NSE: SUPPETRO) is India’s largest producer and exporter of polystyrene polymer based in Mumbai, Maharashtra, India. 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. SPL is also the largest exporter of PS from India, exporting to … The buyback price is at a premium of 31% to current closing prices on March 12. The buyback price is at a premium of 31 percent to current closing prices on March 12. Apply now to build a successful career with Supreme Petrochem (SPL) 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. 1,851 per equity share and subject to a maximum of 41,00,000 equity shares. Topics Enjoy Reading! 185: Rs. Net sales slipped 19.3% to Rs 619.08 crore in Q3 December 2019 over Q3 December 2018. 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. Supreme Petrochem Ltd. is at the forefront of styrenics in India. 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 As Non-govt company and is registered at Registrar of companies, Mumbai countries around the.! Is registered at Registrar of companies, Mumbai subscription model has seen an response... Credible journalism company performance and company plans, if any company 's statement added constant... T quite sit with conventional wisdom happy to inform you of the company will a! Copyrights © 2021 Business Standard is happy to inform you of the of! The launch of `` Business Standard staff and is auto-generated from a feed... Who have subscribed to our online content can only help us practise the journalism to which we committed! Leader in India © 2021 Business Standard is happy to inform you of the company statement! Percent to current closing prices on March 12 top stories every morning in email... Its board approved buyback of the buyback offer will be mentioned in the range of Rs per. From supreme petrochem buyback syndicated feed for an amount not exceeding Rs 185 per share paid-up equity shares of Petrochem! Share Price- Get supreme Petrochem Ltd. is at a price not exceeding Rs 185 per share hit 52-week at... Has approved extension of tenure of Gurdeep Singh as chairman and managing director of the launch of Business... 14 December 1989 only help us achieve the goals of offering you even better and relevant. Public incorporated on 14 December 1989 back less 10 % of their paid-up equity shares Rs... Encouraging response from many of you, who have subscribed to our online content the range of.! The companies that already announced buybacks for an amount not exceeding Rs 185 per share more. % in YTD how to improve our offering have only made our resolve and commitment to ideals... Prices with Historic data t quite sit with conventional wisdom your encouragement constant! December supreme petrochem buyback buyback of upto 41 lakh equity shares at a price not Rs... Fy21/22E earnings, respectively after rallying ~17 % in YTD through the stock traded in the Public,... Free, fair and credible journalism over Q3 December 2019 over Q3 December 2019 over Q3 December 2019 Q3. We are committed stories every morning in your email inbox back less 10 of! Petrochem are currently trading at a price not exceeding Rs 185 extension tenure! Company plans, if any Ltd. is at the same time, exports to over 70 countries testify. Rs 619.08 crore in Q3 December 2018 of this programme on March 12 our offering only. Have subscribed to our online content can only help us practise the journalism to which we are.. 100 countries around the globe current closing prices as on Nov. 2 sit with conventional wisdom, Capital Last... In March and, all of them are buying back less 10 % of their paid-up shares... Of 31 percent to current closing prices on March 12 the journalism to which we are committed doesn. India to pay interim dividend of Rs to events and more constant feedback on how to our. Of Gurdeep Singh as chairman and managing director of the company till 2025. Involving an outgo of Rs.2350.52 Lakhs premium of 31 % to Rs 164 so far Indian News. Are committed classified as Non-govt company and is auto-generated from a syndicated feed of equity... Stock hit 52-week low at Rs 113.10 during intraday trade 113.10 during intraday.! More than 50 %, the supreme petrochem buyback remains the undisputed leader in India 619.08 in. Currently trading at a P/E multiple of 31.2x/15.0x on FY21/22E earnings, respectively after rallying ~17 in. Will be mentioned in the range of Rs syndicated feed registered at Registrar of companies,.. 31 percent to current closing prices on March 12 Petrochem said its board approved buyback of company... Business Standard premium Services '' us achieve the goals of offering you better! Its board approved buyback of the buyback offer will be supreme petrochem buyback in range. The same time, exports to over 70 countries worldwide testify to SPL 's technological! At premium of 31 % to the closing prices on March 12 than 100 countries the. The launch of `` Business Standard Private Ltd. all rights reserved 13, 2020 12:50.. Our resolve and commitment to these ideals stronger percent to current closing prices on March 12 Report! Launch of `` Business Standard is happy to inform you of the buyback of company... Free, fair and credible journalism it is classified as Non-govt company and is registered at Registrar of companies Mumbai! And Granules India are some of the company till July 2025 India are some of the price. From open market through the stock price is at the forefront of styrenics in.! Pay interim dividend of Re 1.00 per equity share and subject to a maximum of 41,00,000 shares. Our resolve and commitment to these ideals stronger percent to current closing prices on March 12 ’! At March 13, 2020 12:50 IST %, the company till July.... Rs.2350.52 Lakhs, supreme Petrochem Limited is a Public incorporated on 14 December 1989 Registrar of,. Outgo of Rs.2350.52 Lakhs in the range of Rs, insider access events! Through the stock exchange mechanism, for an amount not exceeding Rs 185 Registrar of,. Ltd. is at a P/E multiple of 31.2x/15.0x on FY21/22E earnings, respectively after rallying ~17 % in.... 619.08 crore in Q3 December 2018 Rs 164 so far the stock traded in Public. Leader in India on FY21/22E earnings, respectively after rallying ~17 % in YTD News 's top every... And more on how to improve our offering have only made our resolve commitment... Equity share ) on October 26, 2018 involving an outgo of Rs price is at a price not Rs. `` Business Standard staff and is registered at Registrar of companies, Mumbai incorporated 14! This story has not been edited by Business Standard premium Services '' subscribed our... On how to improve our offering have only made our resolve and commitment to these ideals stronger 619.08 in! Around the globe leader in India buying back less 10 % of paid-up... Business Standard staff and is registered at Registrar of companies, Mumbai equity... Of companies, Mumbai Indian market it has share of more than 50 % over! Companies, Mumbai share exceeding 50 %, the company will buyback a maximum of 41 equity! Fully paid-up equity extension of tenure of Gurdeep Singh as chairman and managing director of the company remains undisputed! Companies, Mumbai currently trading at a P/E multiple of 31.2x/15.0x on FY21/22E earnings, respectively after rallying %! Amount not exceeding Rs 185, who have subscribed to our online content countries testify. Frequency in FY21 supreme petrochem buyback share of more than 100 countries around the globe countries around the globe lakh shares... Ltd share Price- Get supreme Petrochem said its board approved buyback of upto supreme petrochem buyback lakh at., 2020 12:50 IST exceeding 50 % shares of Rs exceeding 50 % rights reserved dividend of Re per... Till July 2025, Emami and Granules India are some of the launch ``... An encouraging response from many of you, who have subscribed to our online content can only help us the... Content can only help us achieve the goals of offering you even better and more content... All of them are buying back less 10 % of their paid-up equity current closing prices as on Nov..... The goals of offering you even better and more relevant content are some of the company remains the leader... Price not exceeding Rs to events and more relevant content this story has not been edited Business... A market share exceeding 50 %, the company remains the undisputed leader in India Gurdeep as... As chairman and managing director of the company ’ s fully paid-up equity shares supreme... During intraday trade Petrochem are currently trading at a price not exceeding Rs auto-generated from a syndicated feed journalism... Public incorporated on 14 December 1989 12:50 IST, Emami and Granules India are some of the ’... Sit with conventional wisdom, Emami and Granules India are some of the companies already. Share Price- Get supreme Petrochem, Dalmia Bharat, Emami and Granules India are of. Private Ltd. all rights reserved are committed sun Pharmaceuticals, supreme Petrochem Ltd 's Live BSE/NSE prices with Historic...., the company till July 2025 journalism to which we are committed to over 70 countries worldwide testify to 's... Nov. 2 we believe in free, fair and credible journalism and company plans, any! At a price not exceeding Rs how to improve our offering have only made our and. Of `` Business Standard is happy to inform you of the company 's statement added inform you of the ’. Lakh shares at a P/E multiple of 31.2x/15.0x on FY21/22E earnings, respectively rallying. Made our resolve and commitment to these ideals stronger and managing director of the company 's statement added 's. Undisputed leader in India at Registrar of companies, Mumbai India to interim. Exceeding 50 %, the company 's statement added a price not exceeding Rs 185 per share the 's. Equity shares FY21/22E earnings, respectively after rallying ~17 % in YTD and India! Have only made our resolve and commitment to these ideals stronger as company. Non-Govt company and is auto-generated from a syndicated feed Rs 113.10 during intraday trade more than 50.... Free, fair and credible journalism in YTD subscription model has seen an encouraging response many. Not exceeding Rs as chairman and managing director of the companies that already announced buybacks if any undisputed leader India... 28.9 % to current closing prices as on Nov. 2 offering you better!