Supreme Petrochem Ltd.

YEAR                       EVENTS
 1989 - The Company was incorporated on 14th December, as a Public
        Limited Company with the immediate object of setting up
 plants
        for the manufacture of Styrene Monomer and Polysterene.
 
      - The Company has been promoted by The Supreme Industries
 Limited
        (SIL) and R. Raheja Investments Limited (RRIL).
 
 1990 - The Certificate of Commencement of Business was obtained on
 13th
        February, from the Registrar of Companies, at Mumbai.  The
        Project is being implemented at Village Amdoshi, near
 Nagothane
        District Raigad, in the state of Maharashtra.
 
      - The Company is setting up a plant to manufacture 66,000 tpa
 of
        Polystyrene.
 
      - The Company has entered into technical collaboration and
 basic
        engineering agreements with M/s UOP Inter Americana Inc.
 U.S.A.
 
      - The Company selected the Huntsman technology licensed through
 ABB
        Lummus Crest Inc. (LCI) based on a detailed techno-commercial
        evaluation.
 
 1994 - During the year under review, the Company signed a Foreign
        Currency Loan Agreement with SCICI Ltd.
 
      - In the current financial year the Company has signed a
 Foreign
        Currency Loan Agreement with The Industrial Credit and
 Investment
        Corporation of India Limited
 
      - The Company intends to enter the field of financial services
 in
        the current financial year to take advantage of opportunities
        presented by this field.  The Company also intends taking up
        agricultural activities as the Directors are of the view that
 the
        agricultural sector is poised for growth and it would be in
 the
        interest of the Company to enter this field.  
 
      - The Company of public issue 3,50,40,000 - 15% Secured
 Redeemable
        Partly Convertible Debentures (PCDs) of Rs.25/- each
 aggregating
        Rs.8760 lacs were allotted on 22nd April. 
 
 1995 - The State Government has approved the Company's proposal for
        setting up a jetty and chemical handling terminal at Dherand,
        District-Raigad, Maharashtra. 
 
      - The Company's Polystyrene plant, the largest in the country,
 was
        commissioned in June.  After overcoming initial teething
 problems
        faced during trial runs, the commercial production of
 Polystyrene
        commenced from October. 
 
      - Supreme Petrochem Ltd. commissioned its state-of-the-art
        polystyrene plant in 1995 with an initial capacity of 66,000
        MTA, at Nagothane in Raigad district, about 100 KM South east
        of Mumbai city.
 
 1996 - The Company proposes to install a 3MW standby DG Set in view
 of
        the frequent MSEB grid failure.
 
 1997 - The Company is currently launching a new cup grade and a low
 cost
        medium impact grade based on recent developments made by the
        Company's technical collaborators M/s. Huntsman Chemical
        Corporation.
 
      - The Company proposes to introduce new grades during the
 current
        year viz. cup grade, medium impact resins, high gloss resins,
        colour products etc. based on recent developments made by its
        collaborators. 
 
 1998 - The Company is expanding its capacity to 2,04,000 TPA.  The
        Company proposes to issue equity capital as may be finalised
 in
        consultation with the Financial Institutions.
 
      - The Company's global scale state of the art plant alongwith
 it's
        deep understanding of the domestic market and strong
 distribution
        network should in the coming years ensure adequate return on
        shareholders' capital.
 
      - Supreme Petrochemicals is one of the big units producing
        polystyrene (PS) in India with a market share of 55 per cent.
 
 1999 - During the year ISO 9002 certificate was awarded to the
 Company.
        The Company thus holds certification for ISO 9002 and ISO
 14001.
 
      - The company is hiking its polystyrene capacity to 2.04 lakh
        tonnes by revamping the second line and setting up a third
 line.
 
 2000 - SPL is setting up its Product Applications Laboratory, where
        joint programs with clients will be initiated.
 
      - SPL is rewarded with 5 STAR rating from British Safety
 Council
        and ISO 14001 accredition.
 
 2002
 
 -Extension of current accounting year ending March 31, 2002 by a
 period of 3 months
 
 -Re-appointment of Manager for a period of 3 years w.e.f. April 1,
 2002.
 
 -Delists Shares from the Stock Exchange -Ahmedabad w.e.f. March 29,
 2004.
 
 2006
 -Supreme Petrochem Ltd has signed a Memorandum of Understanding (MoU)
 with the Government of Maharashtra under the aegis of Industries
 Ministry for its Rs 1115 crore, proposed additional capital
 expenditure program to build a world-class styrenics complex by the
 year 2013 at its existing plant site at village Amdoshi and a minor
 Port at village Dherand, both in district Raigad.
 
 
 2009
 -Supreme Petrochem has signed a memorandum of understanding with
 Ultrabatch of Italy, a leading manufacturer of high-end additive
 masterbatches. As part of the alliance, Supreme Petrochem will also
 market Ultabatch products, while Ultrabatch will promote Supreme
 Petro's range of masterbatches in many parts of Europe. 
 
 2011
 - The Company has recommended a dividend of Rs. 2.80 per share. 
 
 2012
 - The Company has recommended dividend of Rs.1.40 per share on equity
 shares entailing an outgo of Rs. 1566.72 lacs including dividend
 distribution tax.
 
 2013
 - Supreme Petrochem has recommended dividend of Rs. 2.50 per share.
 
 2014
 - Supreme Petrochem has recommended dividend of Rs. 1.50 per share on
 equity shares entailing an outgo of Rs. 1693.54 lacs including
 dividend distribution tax.
 
 2016
 
 - Supreme Petrochem Ltd has said it has commissioned the operations
 of its main plant in Chennai which was disrupted due to floods.
 
 2017
 
 -Supreme Petrochem Ltd has informed that 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.
 
 2019
 
 -Supreme Petrochem Limited has informed the Exchange that ''the
 company has fixed July 05, 2019 as the cut-off date to determine the
 entitlement of voting rights of members through e-voting.''.
 
 2021
 
 -Establishment of a new line for production of Polystyrene which is
 likely to be completed by December-2021. The expansion is expected to
 enhance the production capacity of the company by 80000 TPA.  (ii)
 Revamp of EPS plant resulting into increased production capacity by
 20000 TPA. The project is likely to be completed by December-2021
 
 -Company has entered into Mass ABS technology License Agreement with
 Versalis S.p.A. Italy on 2nd December, 2021 for its planned new ABS
 Project at Amdoshi Wangani Complex, Taluka-Roha, District- Raigad, 
 Maharashtra.
 
 2022
 
 -Supreme Petrochem Limited has informed the Production capacity of
 EPS at Manali Plant has increased from the existing 24000 TPA to
 33000 TPA''.
 
 -Supreme Petrochem Limited has undertaken Project for manufacture of
 Mass Acrylonitrile Butadiene Styrene (mABS) at Village Amdoshi
 Wangani, District Raigad, Maharashtra.
 
 2023
 
 -The Company has splits its face value from Rs. 4/- to Rs. 2/-.