Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. 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. 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. is at the forefront of styrenics in India. The stock hit 52-week low at Rs 113.10 during intraday trade. 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. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. Supreme Petrochem Ltd Share Price- Get Supreme Petrochem Ltd Stock/Share prices. 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 … 1. 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. Returning surplus cash. Business Standard is happy to inform you of the launch of "Business Standard Premium Services". 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. SPL exports its products to more than 100 countries around the globe. 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 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 At the same time, exports to over 70 countries worldwide testify to SPL's considerable technological strengths. 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. 6267 lakhs: Rs. However, compared to historical valuations, the shares of Supreme Petrochem are trading at a discount of 27% to … 10/- each) entailing an outgo of Rs.2350.52 Lakhs. 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. 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 LIMITED - PA Mar 19, 2020 | Buybacks : Tender Offers All Rights Reserved. Know everything about the buyback from JustDial. 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. Support quality journalism and subscribe to Business Standard. 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 stock traded in the range of Rs 113.10 to Rs 164 so far. The dates of the buyback offer will be mentioned in the public announcement, the company's statement added. We, however, have a request. Last Updated at March 13, 2020 12:50 IST. The Styrenics facility at Amdoshi – Wangani Manufactures We believe in free, fair and credible journalism. Record date set at Nov. 13. 1163.46 Lakhs including corporate dividend tax of RS. 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 is a Public incorporated on 14 December 1989. 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. 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. Your support through more subscriptions can help us practise the journalism to which we are committed. Sun Pharmaceuticals, Supreme Petrochem, Dalmia Bharat, Emami and Granules India are some of the companies that already announced buybacks. Browse Job openings in Supreme Petrochem (SPL). This has caused an uptick in buyback frequency in FY21. Emami is today among the gainers on the bourses as its Board is meeting today to decide on the intricacies of the buyback. 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 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 said its board approved buyback of upto 41 lakh shares at a price not exceeding Rs 185 per share. Supreme Petrochem LTD Technical Data Sheets. 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. With a market share exceeding 50%, the company remains the undisputed leader in India . Copyrights © 2021 Business Standard Private Ltd. All rights reserved. The buyback of the company’s fully paid-up equity shares of Rs. But the TCS buyback when the stock price is at an all-time high doesn’t quite sit with conventional wisdom. It manufactures styrene monomer and polystyrene. Coal India to pay interim dividend of Rs 12 per share. Enjoy Reading! 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 Follow @icn for the latest news, insider access to events and more. 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 … 126: Other Companies Considering Buyback. Business Finance, Capital Market  Supreme Petrochem: Manufactures Polystyrene, Expanded Polystyrene (normal and cup grade), 1,851 per equity share and subject to a maximum of 41,00,000 equity shares. 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 promoted by Supreme Industries (SIL) and R Raheja Investments was incorporated in Dec. 1989. Get Indian Chemical News's top stories every morning in your email inbox. 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. 198.44 Lakhs. 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 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. Directors Report of Supreme Petrochem Ltd. including company performance and company plans, if any. SPL is also the largest exporter of PS from India, exporting to … ), 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. 185: Rs. Supreme Petrochem: Buyback amount Rs. It is classified as Non-govt company and is registered at Registrar of Companies, Mumbai. 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. 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. Its authorized share capital is Rs. Supreme Petrochem said its board approved buyback of upto 41 lakh shares at a price not exceeding Rs 185 per share. 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 . 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. Emami, a consumer goods company will also meet … Supreme Petrochem Ltd (SPL) (BSE: 500405:NSE: SUPPETRO) is India’s largest producer and exporter of polystyrene polymer based in Mumbai, Maharashtra, India. 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