South Asian Petrochem (Delisted) share news and announcements

BSE: 532452

Last traded ₹14.49 on 14 Jul 2010

Delisted on 15 Jul 2010.

Last results date

The last board meeting held for results; the company has not yet given notice of the next.South Asian Petrochem quarterly results

Apr23Fri

The board met on 23 Apr 2010 to consider unaudited financial results

Notice filed 7 Apr 2010

To consider inter-alia the Un-audited Financial Results of the Company for the quarter and year ended March 31, 2010.

South Asian Petrochem annual reports, presentations and earnings calls

The company's own documents, latest first.South Asian Petrochem financials, year by year

Annual reports9

4 earlier reports

South Asian Petrochem share news and announcements

98 announcements, routine notices left out, newest first. Page 1 of 2.

  1. Jul 2010

  2. May 2010

    • 18 May · Limited Review Report

      Auditors have conducted the limited review for the un-audited financial results for the quarter and year ended March 31,2010. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 11 May · Limited Review for the quarter ended March 31, 2010

      Auditor's have conducted the limited review of the unaudited financial results for the quarter ended March 31, 2010. (opens in a new tab)

    • 6 May · Business

      Vide its letter dated May 06, 2010 that "At the hearing held on even date, the Hon'ble High Court at Calcutta was pleased to approve the Scheme of Arrangement comprising, inter alia amalgamation of the Company with M/s. Dhunseri Tea and Industries Ltd."

    • 6 May · Business

      At the hearing held on May 06, 2010, the Hon'ble High Court at Calcutta was pleased to approve the scheme of Arrangement comprising, inter ....

  3. Apr 2010

  4. Mar 2010

    • 29 Mar · Demise of Director

      Mr. Subhash Bagaria has ceased to be a Director on the Board of the company with effect from March 19, 2010 due to his demise on the said date.

    • 29 Mar · Management

      Mr. Subhash Bagaria has ceased to be a Director on the Board of the Company with effect from March 19, 2010 due to his demise on the said date.

    • 12 Mar · Outcome of Court Convened Meeting

      In the Shareholder's Meeting ordered by Court held on March 09, 2010, the shareholders have approved the scheme of Arrangement of the Company by requisite majority. A copy of the results of the Poll shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 11 Mar · Business

      Shareholder's Meeting ordered by Court held on March 09, 2010, the shareholders has approved the scheme of Arrangement of the Company, .... (opens in a new tab)

  5. Feb 2010

    • 17 Feb · Notice of Meeting

      By an order made on February 08, 2010 the Hon'ble High Court at Calcutta has directed that separate meetings of the Equity Shareholders of Dhunseri Tea & Industries Limited, being the Applicant Company No. 1 (hereinafter referred to as "DTIL") and South Asian Petrochem Limited, being the Applicant Company No. 3 (hereinafter referred to as "SAPL") be held on March 09, 2010 for the purpose of considering and if thought fit, approving, with or without modification, the Scheme of Arrangement proposed to be made between DTIL, D I Marketing Limited, being the Applicant Company No. 2, SAPL and Dhunseri Polycarbonate Limited, being the Applicant Company No. 4 and their respective shareholders. A copy of the notice of the said meeting shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 8 Feb · South Asian Petrochem - Limited Review for the quarter ended Dec 31, 2009

      Auditor's have conducted the limited review of the unaudited financial results for the quarter ended December 31, 2009. (opens in a new tab)

    • 2 Feb · Limited Review Report

      Auditors have conducted the limited review for the un-audited financial results for the quarter /nine months ended December 31,2009 A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

  6. Jan 2010

  7. Dec 2009

    • 15 Dec · Board meeting

      Board of Directors of South Asian Petrochem Limited (SAPL") at their meeting held on December 15, 2009 have approved of a Scheme of Arrangement between Dhunseri Tea & Industries Limited ("DTIL"), DI Marketing Limited ("DIML"), South Asian Petrochem Limited (SAPL") and Dhunseri Polycarbonate Limited ("DPL") and their respective shareholders entailing demerger and amalgamation from April 01, 2009 ("the Appointed Date"). Further the Company has informed the following: (i) Demerger of Jaipur Packet Factory and Investment Division ("Demerged Undertaking") of DTIL to DIML: In consideration of the demerger, DIML will issue and allot to the shareholders of DTIL, One( 1) Equity Share of Rs, 10/- each in DIML credited as fully paid up for every 2(Two) Equity Shares of Rs. 10/- each fully paid-up held by them in the capital of DTIL,. (ii) The demerger will be followed by Amalgamation of SAPL and DPL with DTIL as part of the Scheme: In consideration of the amalgamation, DTIL will issue and allot to the shareholders of SAPL, 1 (One) Equity Share of Rs. 10/- each in DTIL credited as fully paid up for every 10(Ten) Equity Shares of Rs.10/ each fully paid-up held by them in the capital of SAPL. The details of the same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 11 Dec · Board meeting

      To consider a scheme of Arrangement comprising, inter alia amalgamation of the Company with M/s Dhunseri Tea and Industries Ltd.

  8. Nov 2009

    • 23 Nov · Updates

      The Company had entered into a License Agreement with M/s Asahi Kasei Chemicals Corporation, Japan (AKC) to construct a plant with a proposed capacity of 1,30,000 TPA to manufacture Polycarbornate using AKC's environmentally friendly technology. This is inform you that in view of the fact that the license agreement with AKC had expired and considering the global recession the said project has been dropped

    • 5 Nov · Foreign Currency Convertible Bonds

      Buy Back of 200 Zero Coupon Unsecured Foreign Currency Convertible Bonds (FCCBs). The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 4 Nov · Utilisation of Funds

      Vide notes to Accounts in the Unaudited Financial Results for the quarter ended September 30, 2009 (taken on record by the Board of Directors of the Company at its meeting held on October 27, 2009) that: "During the year 2007-08 the company raised Rs. 7177.00 lacs by preferential allotment of equity shares and Rs. 7864.00 lacs from the issue of Foreign Currency Convertible Bonds (FCCB).Out of the net proceeds after meeting issue expenses, Rs.1265.09 lacs has been utilized as an advance towards equity participation/expenses in new overseas project. The balance unutilized money stands deposited with banks".

  9. Oct 2009

    • 27 Oct · Updates

      The Company has made an application for conversion from a 100% EOU to DTA unit to the Development Commissioner (DC), Falta Special Economic Zone in terms of de-bonding guidelines. Further the Company is not availing EOU benefits w.e.f. 16th October, 2009

    • 27 Oct · Business

      Press release dated October 27, 2009, with respect to Unaudited financial results for the quarter ended September 30, 2009. A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 26 Oct · Foreign Currency Convertible Bonds

      Vide its letter dated October 24, 2009 that "The Company had allotted 200 Zero Coupon Unsecured Foreign Currency Convertible Bonds (FCCBs) of US $ 1,00,000 each for an aggregate amount of US$ 20,000,000 on January 16, 2009. Out of these, Bonds amounting to US $ 7,500,000 have been bought back by the Company on even date".

    • 12 Oct · Disclosure

      Details of shares of the Company pledged by the promoter or every persons forming part of the promoter group of the company. Further the Company has submitted to the Exchange intimation under Regulation 8A(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, for the quarter ended September 30, 2009. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 7 Oct · Board meeting

      Meeting on 27 Oct 2009: “Unaudited Financial Results for the Qtr ended Sept 30, 2009”

  10. Aug 2009

    • 20 Aug · Meeting

      Proceedings of the Annual General Meeting of the Company held on July 25, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

  11. Jul 2009

    • 30 Jul · Limited Review Report

      Auditors have conducted the limited review for the un-audited financial results for the quarter ended June 30,2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 27 Jul · Utilisation of Funds

      Vide notes to Accounts in the Unaudited Financial Results for the quarter ended June 30, 2009 (taken on record by the Board of Directors of the Company at its meeting held on July 25, 2009) that: "During the year 2007-08 the company raised Rs. 7177.00 lacs by preferential allotment of equity shares and Rs. 7864.00 lacs from the issue of 200 Zero Percent unsecured Foreign Currency Convertible Bonds (FCCB) of US$ 100,000 each aggregating to US$ 20 million. Out of the net proceeds after meeting issue expenses, Rs 1252.14 lacs has been utilized as an advance towards equity participation/ expenses in new overseas project. The balance unutilized money stands deposited with banks".The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 25 Jul · Business

      Press Release with respect to the results for the quarter and year ended June 30, 2009. A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 15 Jul · Rating

      The Company has been assigned Credit rating of CARE A (Is) [(Single A (Issuer Rating)] by Credit Analysis & Research Ltd. At the same time CARE has assigned the short term debt rating of PR1+(P R One Plus) for the Short Term Debt (STD) programme (including Commercial Paper) of the Company for the an amount upto Rs. 50 Crore for a maturity upto six months

    • 7 Jul · Meeting

      Notice of the Annual General Meeting of the Shareholders of the Company to be held on July 25, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

  12. Jun 2009

    • 30 Jun · Board meeting

      Meeting on 25 Jul 2009: “Unaudited Financial Results for the Qtr ended June 30, 2009”

    • 22 Jun · Updates

      On the basis of approval of the shareholders at the Extra Ordinary General Meeting held on December 08, 2007, the Company had issued 1,40,64,273 convertible warrants on preferential basis to IFC/ Promoter group on December 20, 2007. The allotees had the option to convert the warrants into equity shares within eighteen months from the date of allotment. The period for exercising the option for the conversion of the said convertible warrants to equity shares expired on June 19, 2009. None of the allotees have exercised the option for conversion.

    • 15 Jun · Withdrawal of nomination

      Vide its letter dated June 11, 2009 "that West Bengal Industrial Development Corporation has withdrawn the nomination of Mrs. N. Chakravorty with effect from April 30, 2009. Consequently Mrs. N. Chakravorty has ceased to be a director in the Company with effect from April 30, 2009."

  13. May 2009

    • 14 May · Business

      Vide its letter dated May 09, 2009 regarding the Press Release with respect to financial results for the quarter and year ended March 31, 2009. A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 11 May · Meeting

      Board of Directors at its meeting held on May 09, 2009 has recommended declaration of dividend on the Equity Shares of the Company at Re. 0.40 per share. Further, the Annual General Meeting of the Company will be held on July 25, 2009. Further, the Register of Members and share transfer books will remain closed from July 14, 2009 to July 25, 2009 (both days inclusive). The Company has also submitted to the Exchange a copy of summarised Working Results for the year ended March 31, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

How the price met the news

The first session after each announcement, beside the market.

That dayAgainst the Nifty 500Market median on that newsFive sessionsFive sessions against the Nifty 500Volume, times usual

  • 29 Mar 2010Board or managers changeddown 2.72%−2.9 pts vs Nifty 500market median 0.0% · five sessions +3.5% (+1.4 pts vs Nifty 500) · volume 0.8× usual
  • 12 Oct 2009Pledgedown 0.35%−2.1 pts vs Nifty 500market median −0.2% · five sessions −0.4% (−4.4 pts vs Nifty 500) · volume 0.5× usual
  • 15 Jul 2009Credit ratingup 6.04%+2.3 pts vs Nifty 500market median 0.0% · five sessions +5.9% (−2.8 pts vs Nifty 500) · volume 1.3× usual
  • 11 May 2009Dividenddown 1.67%0.0 pts vs Nifty 500market median 0.0% · five sessions +0.4% (−17.9 pts vs Nifty 500) · volume 1.9× usual
  • 27 Oct 2008Credit ratingdown 12.67%−9.6 pts vs Nifty 500market median 0.0% · five sessions +0.4% (−14.7 pts vs Nifty 500) · volume 2.4× usual
  • 12 May 2008Dividenddown 4.29%−4.3 pts vs Nifty 500market median 0.0% · five sessions −6.4% (−9.7 pts vs Nifty 500) · volume 2.8× usual
  • 8 Jan 2008Board or managers changeddown 4.88%−4.2 pts vs Nifty 500market median 0.0% · five sessions −18.7% (−16.6 pts vs Nifty 500) · volume 0.3× usual
  • 2 Nov 2007Credit ratingup 10.90%+9.8 pts vs Nifty 500market median 0.0% · five sessions +13.7% (+15.1 pts vs Nifty 500) · volume 3.6× usual

Sharp moves

17 of the 22 shown had no filing that day or the next.

MoveAgainst the Nifty 500Times its usual moveVolume, times usualFilings

  • 2 Jul 20102 filingsup 7.03%+7.1 pts vs Nifty 5003.0× its usual move · volume 13.9× usual
  • 3 Mar 2010No filing that day or the nextup 8.41%+7.0 pts vs Nifty 5003.3× its usual move · volume 3.4× usual
  • 27 Aug 2009No filing that day or the nextup 18.47%+17.5 pts vs Nifty 5003.9× its usual move · volume 9.1× usual
  • 4 Aug 2009No filing that day or the nextup 12.46%+12.9 pts vs Nifty 5002.5× its usual move · volume 7.8× usual
  • 27 Jul 20092 filingsup 18.74%+18.2 pts vs Nifty 5004.3× its usual move · volume 14.6× usual
  • 13 Jul 2009No filing that day or the nextdown 10.86%−9.4 pts vs Nifty 5002.3× its usual move · volume 1.1× usual
  • 20 May 2009No filing that day or the nextup 15.83%+14.8 pts vs Nifty 5003.9× its usual move · volume 2.8× usual
  • 20 Apr 2009No filing that day or the nextup 16.35%+16.0 pts vs Nifty 5004.7× its usual move · volume 4.5× usual
  • 9 Mar 2009No filing that day or the nextup 16.56%+18.3 pts vs Nifty 5003.7× its usual move · volume 1.4× usual
  • 7 Jan 2009No filing that day or the nextdown 12.72%−6.1 pts vs Nifty 5002.1× its usual move · volume 0.4× usual
12 earlier moves
  • 1 Jan 2009No filing that day or the nextup 19.90%+17.0 pts vs Nifty 5003.6× its usual move · volume 1.0× usual
  • 21 Nov 2008No filing that day or the nextup 19.94%+16.0 pts vs Nifty 5005.0× its usual move · volume 3.2× usual
  • 27 Oct 20081 filingdown 12.67%−9.6 pts vs Nifty 5003.9× its usual move · volume 2.4× usual
  • 10 Oct 2008No filing that day or the nextdown 12.93%−6.0 pts vs Nifty 5004.7× its usual move · volume 3.8× usual
  • 6 Oct 2008No filing that day or the nextdown 8.56%−2.7 pts vs Nifty 5003.2× its usual move · volume 1.5× usual
  • 16 Nov 20071 filingup 11.34%+11.0 pts vs Nifty 5002.8× its usual move · volume 8.0× usual
  • 15 Nov 2007No filing that day or the nextup 19.90%+19.5 pts vs Nifty 5006.3× its usual move · volume 3.1× usual
  • 2 Nov 20071 filingup 10.90%+9.8 pts vs Nifty 5004.1× its usual move · volume 3.6× usual
  • 19 Jul 2007No filing that day or the nextup 13.49%+12.4 pts vs Nifty 5004.1× its usual move · volume 11.3× usual
  • 3 Jul 2007No filing that day or the nextup 10.27%+9.3 pts vs Nifty 5003.6× its usual move · volume 10.0× usual
  • 14 May 2007No filing that day or the nextup 12.74%+11.4 pts vs Nifty 5008.7× its usual move · volume 6.9× usual
  • 3 May 2007No filing that day or the nextup 4.60%+3.1 pts vs Nifty 5003.2× its usual move · volume 2.4× usual