South Asian Petrochem (Delisted) share news and announcements

BSE: 532452

Last traded ₹14.49 on 14 Jul 2010

Delisted on 15 Jul 2010.

South Asian Petrochem share news and announcements

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

  1. Apr 2009

    • 6 Apr · Board meeting

      To consider inter-alia the Audited Financial Results of the Company for the year ended March 31, 2009 and dividend, if any, for the year 2008-09.

    • 1 Apr · Results

      In lieu of Unaudited Financial Results for the last quarter of the financial year 2008-09, the Company shall be publishing Audited Financial Results as of March 31, 2009, on or before June 30, 2009 i.e. three months from the end of the quarter.

  2. Feb 2009

    • 27 Feb · Change in Nominee Director

      Mr. S.K. Pai has been appointed as IDBI's Nominee Director in the Company with effect from February 21, 2009. Consequently Dr. S.S.Banerjee has been ceased to be a Director in the Company with effect from the said date. The matter will be placed before the next Board Meeting of the Company.

    • 10 Feb · Disclosure

      Disclosure under Regulation 8A of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997. 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.

    • 5 Feb · Voluntary Delisting

      Company has been granted voluntary delisting under SEBI ( Delisting of Securities ) Guidelines 2003 by Calcutta Stock Exchange vide their letter No.CSEA/ID/036/2009 dated January 27, 2009 and the shares of the Company are now being delisted from the official list of the Calcutta Stock Exchange.

    • 5 Feb · Limited Review Report

      Auditors have conducted the limited review for the un-audited financial results for the quarter ended December 31,2008.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.

  3. Jan 2009

    • 27 Jan · Utilisation of Funds

      Vide notes to Accounts in the Unaudited Financial Results for the quarter and nine months ended December 31, 2008 (taken on record by the Board of Directors of the Company at its meeting held on January 22, 2009) that: "During the year 2007-08 the company raised Rs. 7416.23 lakhs by preferential allotment of equity shares and equity share warrants and Rs. 7864.00 lakhs from the issue of the FCCB. Out of the net proceeds after meeting issue expenses, Rs. 997.09 lakhs has been utilized as an advance towards equity participation in new overseas project. The balance unutilized money either stands invested in securities or remains with banks".

    • 13 Jan · Disclosure

      Voluntary disclosure received by the company under SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 1997. The disclosure pertains to the purchase of shares by Trimplex Investments Private Limited taking the aggregate promoters holding in the Company from 54.67% to 55.00%. 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.

    • 5 Jan · Board meeting

      Meeting on 22 Jan 2009: “Unaudited Financial Results for the qtr ended Dec 31, 2008”

  4. Dec 2008

    • 10 Dec · Foreign Currency Convertible Bonds

      With reference to issue of Foreign Currency Convertible Bonds (FCCBs) of an aggregate amount of upto USD 20 Million. The Company has informed the Exchange that as per Condition 4.6 of the Offering Circular dated January 16, 2008 for the issue of the abovementioned bonds the intial conversion price of the bonds was INR 22.50 per share. The abovementioned equity shares had been calculated on the basis of the conversion price of INR 22.50 par share and an assumed exchange rate of INR 39.50 per USD. However, as per the Offering Circular dated January 16, 2008 the Conversion has to be done at a fixed exchange rate of INR 39.32 per USD. Also, as per Condition 5.29 of the Offering Circular a price reset on November 30, 2008 was to be done. (Since November 30, 2008 was a Sunday, price reset was done on December 01, 2008). Accordingly the Conversion Price has been reset at INR 17.01 per share.

  5. Oct 2008

    • 25 Oct · Rating

      Board of Directors of the Company at its meeting held on October 25, 2008 noted that 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 of the Company for an amount up to Rs. 25 Crore for a maturity up to six months.

  6. Sep 2008

    • 2 Sep · Board meeting

      Meeting on 25 Oct 2008: “Unaudited financial results for qtr ended September 30, 2008”

  7. Aug 2008

    • 21 Aug · Business

      Company has entered into a License Agreement with M/s Asahi Kasel Chemicals Corporation, Japan (AKC) to construct a plant to manufacture Polycarbonate using AKC's environmentally friendly technology. The proposed capacity of the plant will be 1,30,000 TPA. The Company will enjoy exclusively for a period of seven (7) years and no other license will be given by AKC in India. The plant would be put up in a separate Company.

    • 19 Aug · Meeting

      Proceedings of Annual General Meeting of the Company held on July 26, 2008. 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.

  8. Jul 2008

    • 31 Jul · Limited Review Report

      Auditor's have conducted the limited review of the unaudited financial results for the quarter ended June 30, 2008. The details of the limited review report 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.

    • 31 Jul · Utilisation of Funds

      Vide notes to Accounts in the unaudited financial results for the quarter ended June 30, 2008 (taken on record by the Board of Directors of the Company at its meeting held on July 26, 2008) that during the year 2007-08 the Company raised Rs.7416.23 lakhs by preferential allotment of equity shares and equity share warrants and Rs.7864 lakhs from the issue of the FCCB. Out of the net proceeds after meeting issue expenses, Rs.971.14 lakhs has been utilized as an advance towards equity participation in new overseas project. The balance unutilized money either stands invested in securities or remains with banks.

    • 26 Jul · Meeting

      Shareholders of the Company at the Annual General Meeting held on July 26, 2008 have unanimously declared a dividend on the Equity Shares of the Company @ 5% per equity share of Rs.10/- each, (i.e. Re.0.50 per equity share).

  9. Jun 2008

    • 17 Jun · Board meeting

      Meeting on 26 Jul 2008: “Unaudited Financial Results for the Qtr ended June 30, 2008”

  10. May 2008

    • 14 May · Updates

      Board of Directors at its meeting held on May 12, 2008 inter alia, have approved the Profit & Loss Account for the year ended March 31, 2008 and the Balance Sheet as at that date. The copy of summarised working results 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.

    • 13 May · Utilisation of Funds

      Vide notes to Accounts in the Audited financial results for the Quarter and year ended March 31, 2008 (taken on record by the Board of Directors of the Company at its meeting held on May12, 2008) that during the year the Company raised Rs.74.16 cr by preferential allotment of equity shares and equity share warrants and Rs.78.64 Cr from the issue of the FCCB. Out of the net proceeds after meeting issue expenses, Rs.9.71cr has been utilized as an advance towards equity participation in new overseas project. The balance unutilized money either stands invested in securities or remains with banks.

    • 12 May · Meeting

      Boards of Directors of the company at its meeting held on May 12, 2008 inter alia, have taken the following decisions: (1) To convene Annual General Meeting of the Company on July 26, 2008. (2) The Register of Members and share transfer books will remain closed from the July 15, 2008 to July 26, 2008 (both days inclusive).

    • 12 May · Dividend

      Board of Directors of the Company at its meeting held on May 12, 2008 recommended declaration of dividend on the Equity Shares of the Company at Re.0.50 per share.

  11. Apr 2008

    • 21 Apr · Board meeting

      To consider inter-alia the Audited Financial Results of the Company for the year ended March 31, 2008 and dividend, if any, for the year 2007-08.

    • 11 Apr · Results

      In lieu of Unaudited Financial Results for the last quarter of the financial year 2007-08, the Company shall be publishing Audited Financial Results as of March 31, 2008, on or before June 30, 2008 i.e. three months from the end of the quarter

  12. Mar 2008

    • 27 Mar · Disclosure

      They propose to acquire 22,852,156 equity shares aggregating to 9.81% of shares/voting rights of South Asian Petrochem Limited from Mint Investments Ltd, Plenty Valley Intra Ltd and Landmark Finance Private Ltd. The mode of proposed acquisition is by way of Inter se transfer and the date of proposed acquisition is March 31, 2008. The proposed acquisition price per share is at the price prevailing on the Bombay Stock Exchange on the completion date i.e. March 31, 2008. The shareholding of Dhunseri Tea and Industries Limited after the proposed acquisition would be 68,701,656 shares aggregating to 29.48% (The Company has proposed to acquire 4.08% i.e. 95,00,000 shares from Arabella Asia Holdings Pte Ltd. (Singapore), as a result of which the post acquisition holding of DTIL will change to 33.54%) of the shares/voting rights of South Asian Petrochem Limited. 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.

    • 27 Mar · Disclosure

      They propose to acquire 9500000 equity shares aggregating to 4.08% of shares/voting rights of South Asian Petrochem Limited from Arabella Asia Holdings Pte Ltd (Singapore). The mode of proposed acquisition is by way of Inter se transfer and the date of proposed acquisition is March 28, 2008. The proposed acquisition price per share is Rs. 13.00/- . The shareholding of Dhunseri Tea and Industries Limited after the proposed acquisition would be 55,349,500 shares aggregating to 23.74% of the shares/voting rights of South Asian Petrochem Limited. 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.

    • 17 Mar · Limited Review Report

      Auditor's have conducted the limited review of the unaudited financial results for the quarter ended December 31, 2007. The details of the limited review report 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.

  13. Feb 2008

    • 21 Feb · Utilisation of Funds

      Projected utilization of funds as stated in the explanatory to the notice for the Extra ordinary General Meeting held on 8th December, 2007 vis- -vis the actual utilization of funds for the quarter ended 31st December, 2007.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.

  14. Jan 2008

    • 17 Jan · Foreign Currency Convertible Bonds

      Share/Bonds allotment Committee at its meeting held on January 16, 2008 consider and approved the following: 1) Approval for signing of Documentation for closing the FCCBs Issue. 2) Approval for allotment of 200 Zero Coupon Unsecured Foreign Currency Convertible Bonds (FCCBs) of US $100,000 each for an aggregate amount of US $20,000,000 with a conversion price of INR 22.50/- and YTM of 6.35%. The issue was lead managed by M/s Silverdale Services Ltd.

    • 8 Jan · Meeting

      Proceedings of the Extra Ordinary General Meeting of the Company held on December 08, 2007. 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.

    • 8 Jan · Management

      Mr. H. P. Breitenbach, has resigned from the office of Director with effect from 26th December, 2007. Further Mr. Sudhir Kapur being an alternate Director to Mr. H.P. Breitenbach, his office also stands vacated

    • 2 Jan · Board meeting

      To consider inter alia the unaudited financial results of the Company for the quarter ended December 31, 2007.

  15. Dec 2007

    • 26 Dec · Change in Nominee Director

      Mrs. Nandini Chakravorty has been appointed as the WBIDC's Nominee Director in the Company in place of Mr. Debasish Som. The letter received from WBIDC was tabled at the last Board Meeting of the Company held on 20th December 2007

    • 20 Dec · Board meeting

      Outcome of the Board Meeting held on December 20, 2007. A copy of the Outcome of the Board 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.

    • 14 Dec · Amendments to Memorandum of Association

      Copy of amendment in the MOA. 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.

    • 13 Dec · Board meeting

      To consider various matters including allotment of Equity shares and warrants.

    • 10 Dec · Meeting

      Outcome of the Extra Ordinary General Meeting (EGM) of the Company held on December 08, 2007. 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.

  16. Nov 2007

    • 22 Nov · Limited Review Report

      Auditor's have conducted the limited review of the unaudited financial results for the quarter ended September 30, 2007. 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.

    • 16 Nov · Meeting

      Extra Ordinary General Meeting of the Company to be held on December 08, 2007. 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.

    • 8 Nov · Board meeting

      Outcome of Board Meeting held on November 08, 2007. 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.

    • 1 Nov · Rating

      Vide its letter dated October 27, 2007 that the Board of Directors at its meeting held on October 27, 2007 noted that 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 upgraded the short term debt rating to PR1 + (P R One Plus) from the existing rating of PR1 (P R One) for the Short Term Debt (STD) programme of the Company for an amount up to Rs. 25 Crore for a maturity up to six months.

    • 1 Nov · Board meeting

      To consider inter-alia the following : 1) Preferential Issue of Equity shares to International Institutional Investors. 2) Preferential Issue of Equity Shares to Promoter Companies. 3)Issue of Foreign Currency Convertible Debentures upto US $ 20 million.

    • 1 Nov · Management

      Mr. K.V.Balan has been appointed as Company Secretary of the Company in place of Mr. P.R.Ghosh at the Board Meeting held on 27th October 2007 w.e.f. 1st November 2007

  17. Oct 2007

    • 1 Oct · Board meeting

      Next Board Meeting and meetings of the various Committees of the Board, shall be held on October 27, 2007, to consider, inter alia the unaudited financial results of the Company for the quarter ended September 30, 2007, as per schedule given hereunder: 1) Shareholders' Grievance Committee Meeting - 10:30 A.M; 2) Audit Committee Meeting - 11:00 A.M; 3) Board Meeting - 12:30 P.M.

  18. Aug 2007

    • 14 Aug · Meeting

      Proceedings of Annual General Meeting of the Company held on July 31, 2007. 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.

  19. Jul 2007

    • 25 Jul · Meeting

      Notice of the Annual General Meeting of the members of the Company to be held on July 31, 2007. 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.

    • 24 Jul · Meeting

      Annual General Meeting of the Company for the financial year 2006-07 shall be held on July 31, 2007.

    • 24 Jul · Board meeting

      To inter-alia consider and take on record the Unaudited Results of the Company for the quarter ended June 30, 2007.