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Supreme Petrochem gets nod to acquire 100% equity share capital of Xmold

19 Mar 2025 Evaluate

Supreme Petrochem has received approvals for acquisition of 2171813 equity shares of Rs 10 each of Xmold Polymers (Xmold) from its existing shareholders, representing 100% of the equity share capital of Xmold.

In this regard, the Company will enter into a Share Purchase Agreement (SPA) with Xmold and the existing shareholders of Xmold for acquisition of Xmold through acquisition of its entire paid up equity shares. The Completion of the transaction is subject to satisfaction of certain conditions precedent stipulated by Company in its Binding Offer issued to the Target Company and its shareholders.

Consequently, on completion of the acquisition of 100% equity shares, Xmold will become a wholly owned subsidiary of the Company. The objective of acquisition is to expand reach in Polymer Compounding business with a base in Southern part of India. Supreme Petrochem gets access to Xmold customer base in Automobile & Appliance segments as well as its well-established laboratory facilities.

The Audit Committee and Board of Directors of the Company at their meetings held on March 18, 2025 have approved the same.

Supreme Petrochem is mainly engaged in the business of Styrenics and manufactures Polystyrene (PS), Expandable Polystyrene (EPS), Masterbatches and Compounds of Styrenics and other Polymers, Extruded Polystyrene Insulation Board (XPS) Styrene Methyl Methacrylate (SMMA) with manufacturing facilities at Amdoshi Dist Raigad, Maharashtra and Manali New Town, Chennai, Tamil Nadu.

Supreme Petrochem Share Price

739.10 -1.80 (-0.24%)
08-May-2026 16:59 View Price Chart
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