Supreme Petrochem : Capital Reduction

SUPREME PETROCHEM LTD

Regd. Office:

Solitaire Corporate Park, Building No. 11, 5th Floor, 167, Guru Hargovindji Marg, Andheri-Ghatkopar Link Road, Chakala, Andheri (East), Mumbai-400 093. INDIA (f) : 91-22-6709 1900 Fax - 022 - 4005 5681 • CIN : L23200MH1989PLC054633

Sub: Intimation of record date in relation to Scheme of Reduction of Equity Share Capital of

Company under the provisions of section 66 of the Companies Act, 2013.

Ref: Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

This is to inform you that the Record Date has been fixed at the close of business hours on Friday, 8th April, 2022 for the purpose of giving effect to the Scheme of Reduction of Equity Share Capital of the Company from Rs. 94,02,06,7101- (Rupees Ninety Four Crores Two Lakhs Six Thousand Seven Hundred Ten Only) to Rs. 37,60,82,684/- (Rupees Thirty Seven Crores Sixty Lakhs Eighty Two Thousand Six Hundred Eighty Four Only), by reducing the Face Value of the equity shares of the Company from existing Rs. 10/- (Ten) per share to Rs. 4/- (Four) per share, pursuant to the Order of the Hon'ble National Company Law Tribunal, Mumbai Bench, Mumbai, the certified copy whereof has been issued to the Company by NCLT on 29.03.2022. A synopsis of the Scheme of Reduction of Share Capital of the Company is enclosed herewith vide 'Annexure A' and the copy of said order of NCLT is also attached herewith vide 'Annexure B'.

For complete details on the Scheme of Capital Reduction, please refer the documents available on the website of the Company under hUps:llwwW.supremepetrochem.com/reduction_share-capital.htm

Kindly take the above on record and acknowledge receipt.

Thanking you,

Yours faithfully,

For SUPREME PETROCHEM LTD

D N MISHRA

COMPANY SECRETARY

Encl.: As above.

Certificate No. INAAACS7249C2F228

I?~

• • Background of the Scheme

  ( SPL ')

  'Annexure A'

  ~#

  Pursuant to the Scheme, the issued, subscribed and paid-up share capital of the Company shall stand reduced from the existing Rs. 94,02,06,710/- (Rupees Ninety Four Crore Two Lakhs Six Thousand Seven Hundred Ten Only) divided into 9,40,20,671 (Nine Crore Forty Lakhs Twenty Thousand Six Hundred Seventy One) equity shares with face value of Rs. 10/- (Rupees Ten Only) per equity share to Rs. 37,60,82,684/- (Rupees Thirty Seven Crores Sixty Lakhs Eighty Two Thousand Six Hundred Eighty Four Only) divided into 9,40,20,671 (Nine Crore Forty Lakhs Twenty Thousand Six Hundred Seventy One) equity shares with face value of Rs. 4/- (Rupees Four Only). The aforesaid reduction in the equity share capital shall be effected by returning to all the Shareholders as on the Record Date an amount of Rs. 6/- (Rupees Six Only) per equity share out of face value of Rs. 10/- (Rupees Ten Only) per equity share held by them and reducing the face value of equity shares of the Company from the existing Rs. 10/- (Rupees Ten Only) per equity share to Rs. 4/- (Rupees Four Only) per equity share.

• • Details of benefit, if any, to the promoter I promoter group I group companies from such proposed restructuring

  The Scheme does not result in any benefits to the promoter/ promoter group/ group companies to the exclusion of the other shareholders.

• • Brief details of change in shareholding pattern (if any) of all entities

  The reduction of capital shall be on proportionate basis, there shall not be any change in percentage shareholding of any shareholder of the Company, and hence, the shareholding pattern shall remain the same pre and post reduction of the equity share capital

• • Effect of the Scheme

  The reduction of paid-up share capital and resultant change in the face value of equity shares in the authorized share capital shall be reflected in the book of accounts of the Company as on the Effective Date of the capital Reduction Scheme. The capital structure of the Company pre and post scheme is reflected in the table below:

Authorised Share Capital

Equity shares of face value Rs. 1 01- each

• 12,50,00,000 1,25,00,00,000

  Equity shares of face value Rs.4/- each

  31,25,00,000 1,25,00,00,000

  Preference shares of face value RS.10/-each

• 2,50,00,000 25,00,00,000

Preference shares of face value RS.10/-each

2,50,00,000 25,00,00,000

Issued, subscribed, and Paid- up Share Capital Equity shares 9,40,20,671 94,02,06,710 of face value

Equity shares 37,60,82,684 of face value

RS.10/- each

RsA/- each

Thanking you,

Yours faithfully,

For SUPREME PETROCHEM LTO

D N MISHRA

COMPANY SECRETARY

'Annexure B'

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COURT o. '. MUNTBAI BENCII COMPANY PllTIl'lON NO.330 of 2021

ln thc urattcr ol'Scctiort (16 uttd othcr applicablc provisiotrs ol- thc Cor-npa- nics Act. lt) I 3 and thc rulcs liarncd

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In thc lnaltL-r of rcduction ol t:quit1'

Sharc ( upital ol' Sttprctttc Pclro-

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pany")

Suprcmc Pct roc hc trt l.intitcd a compan)' incotporatccl undcr thc pt'or isions tll' (-onrpanics Act. l9-s6 har,ing its rcgistclctl ltddrcss lut Solitairc ( or1)()ratc l'}lrrk. llldc. tr. I l. 5 I'loor. I(r7. (iLrnr Ilareovintiji !1arg. ( hakaIa.

;rrdhcri - l:ast. 4umbiti - 400091.

('l o: t-2-i20011 I I 9tl9PI.('05-1611 .. . ... 'l'hc Pctitioucr ('otnpatry

C)rder Dclivercd On: 10.03.2022

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I lon bic 4,'. SLtcit rir:r KaltLt;iltrthi. 'lirrtirct r.l ittilu:.rl ;

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I ton'blc Ms. Auuratlha Sanjay Bharia. Nlcnrbcr ('l cchnical)

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Appearancc (th rough vidcr-r confercncing)

F or the I'etitione r:

1r. llcnrant Scth j. 1s Vidisha l)oon ja i b. I lcnlrnt Scihr & ( o.. r(l ocllt!'s

I.-or Regional Director: Ms. lLupa Sutar, Dcputy Dircctor

P e t' ; St rc h i t ro Ko tt t tpu rl h i, il4 e m bt: t' t.l t t d i t i u I )

OITDF]R i.'l'hc Court convctrcd by' r'icico-cortltrctrcc.

2. IIcard l-carned Counsel lor the Petitiorrcr Company and the rcprcsenta- tivc lronr thc Rcgional Dircctor (WIl. ). o ob jcctor has corlc bclorc thc- 'l'ribunal to opposc rhc l)ctrttoll itllcl Ilor anv plrl Ilas contror crtccl ln1' avenrcuts rnadc in thc Pctitiorl.

,1. -l'hc Pctitioncr Contpanv is intcr-alia. c'ngagcd in thc Illarrulacturing of polystvrcnc. crpalldablc polystYrenc. slle-cialtl'po)lrllcr alld cottll:tottllds and cxtrudcd polystvrenc.

-+. []t' r'irtrie ol'rr'ricl.- 57 ol'thc .rticlcs ol'.'ssocirttiott of thc Pctitiortcr

(-ontpani. ir is providcd that thc l)ctitioncr ( onrpanl' rrray in getrcral mceting rcdtrce its sharc capital.'l'he relcvant extract of the said article is produccd as urldL'r: 'l'hc (-or.t.t1tanv Inar bc resolulitllt:15 prcscribL'cl br thc Iirct. rcdu manncl' and irr accordallcc lvith thc provisron ol'thc 'ct lc's

(i) Its sharc capital; andior

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.nv capital rc(lL'lllpti()ll rccr a ilic()Llllt: ttld or

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( iii) Any sccuritics prcmirilrl irccotlnt: and'or

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,nr othcl rL'survc in llrc nltttu'c oi'shltrc capititl.

• 5. There is no proceedings/investigation pcnding against thc Pctitioner Cornpany undcr thc applicablc provisiotrs ol'thc Conrparrics Act.20l3.

• 6. 'l'hc rcsults o{'thc ntccting bv rvay ol'rcntotc c-votillg bl thc ccluitl- sharc- holdcrs is tnctrliortcd as ttnclcr:

  • (i) t:cluity shareholdcrs holding 16.721'lo sharcs ol'lhc l)ctitiorrcr Com- pany cast thcir Yotes through rclllotc c-'otillg at thcir l':xtra ordinarv (icncr':tl {cctrrtg hclti ,rtt il 'tr!rrst l0l I

  • (ii) Thc liquity Shareholdcrs unanimouslv passecl thc rcsolution in the llr our ol'tht' spcctal r.'soltrtiolt.

• 7. 'the following Spccial Rcsolution u'as unanimously passed b1'thc l'q- uiQ Sharcholdcrs through e-voting in accordancc n'ith Scction 66( I ) of thc Companics,ct 20t3 at lhc said Ertraordinan' (icncral lcet- lngl

" tlt',SOl-l't'-l) 7-l t.1't' pttt'ttattl l() llrt' 1tt'rtt'isittttr rtf Satlitttt 66 und olltt,r'trltlslir'ul)l( l)t'()'i.it)tt.. il ttttt. ttl lh<'('ttntlttttttt'.t -.lt t. )013 ( "..1L'1" ) t'cu.l tilh the provisittrr.s rtl llta ''ttlionul ('rtmluttt l'ott

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