Supreme Petrochem is currently trading at Rs. 602.25, up by 2.35 points or 0.39% from its previous closing of Rs. 599.90 on the BSE.
The scrip opened at Rs. 606.50 and has touched a high and low of Rs. 609.95 and Rs. 598.95 respectively. So far 1013 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 926.30 on 16-Jul-2024 and a 52 week low of Rs. 518.05 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 609.95 and Rs. 567.35 respectively. The current market cap of the company is Rs. 11337.95 crore.
The promoters holding in the company stood at 64.24%, while Institutions and Non-Institutions held 6.45% and 29.31% respectively.
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.
| Company Name | CMP |
|---|---|
| Rain Industries | 124.00 |
| Agarwal Indl. Corp | 395.35 |
| TN Petro Products | 89.01 |
| Supreme Petrochem | 727.25 |
| Nexxus Petro Inds | 92.00 |
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