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