CHEMPLAST SANMAR Share price

The Company was originally incorporated on March 13 1985 as ‘Urethanes India Limited’ (“UIL”) under the provisions of the Companies Act 1956 pursuant to a certificate of incorporation dated March 13 1985 issued by the RoC and commenced operations pursuant to a certificate for commencement of business dated April 2 1985 issued by the RoC. Subsequently Chemicals and Plastics India Limited (“CPIL”) was amalgamated with UIL pursuant to the CPIL Scheme of Amalgamation sanctioned by the High Court of Madras on April 10 1992 with the appointed date for the merger being October 1 1991. Thereafter pursuant to the CPIL Scheme of Amalgamation a resolution of the Board dated March 10 1992 and a resolution of the Shareholders dated March 31 1992 the name was changed from “Urethanes India Limited” to “Chemicals and Plastics India Limited” and a fresh certificate of incorporation was issued upon a change of name by the RoC on May 15 1992. Subsequently pursuant to a resolution of the Board dated June 27 1995 and a resolution of the Shareholders dated September 1 1995 the name was changed from “Chemicals and Plastics India Limited” to “Chemplast Sanmar Limited” and a fresh certificate of incorporation was issued upon a change of name by the RoC on September 28 1995. The aforesaid change of name from “Chemicals and Plastics India Limited” to “Chemplast Sanmar Limited” was undertaken (i) in light of the diversified activities of the Company and (ii) to reflect its identity in common parlance with the Sanmar Group.Major events and milestones :1962- Incorporation of erstwhile Chemicals and Plastics India Limited.1967- Commencement of manufacture of PVC resins at Mettur Facility1984- Investment in acquisition of shares of The Mettur Chemical and Industrial Corporation Limited (“MCIC”).1988- Amalgamation of MCIC with the erstwhile Chemicals and Plastics India Limited pursuant to a scheme of amalgamation approved by the High Court of Madras by way of order dated November 27 1989 effective from April 1 1988.1991- Erstwhile Chemicals and Plastics India Limited merged with Urethanes India Limited pursuant to the CPIL Scheme of Amalgamation. As a part of the CPIL Scheme of Amalgamation the name of the merged entity was changed from “Urethanes India Limited” to “Chemicals and Plastics India Limited”.1992- The equity shares of the Company were listed on BSE and Madras Stock Exchange Limited.1995- The name of the Company was changed from “Chemicals and Plastics India Limited” to “Chemplast Sanmar Limited”- The equity shares of the Company were listed on NSE1997- Expansion of production capacity of PVC Resins to 60000 TPA.2003- Acquisition of Caustic Soda facility at Karaikal Puducherry from Kothari Petrochemicals Limited.2007- Commissioning of the marine terminal facility and the EDC Plant at Karaikkal Puducherry.- Commissioning of the project for conversion of the manufacturing process of Caustic Soda at Mettur Dam from Mercury to membrane.2009- Greenfield suspension PVC facility commissioned at Cuddalore Tamil Nadu along with a captive marine terminal facility (“S-PVC Undertaking”).2012- Delisting of equity shares of the Company from Madras Stock Exchange Limited BSE and NSE.2013- Expanded capacities at (i) Mettur Tamil Nadu of Paste PVC resin to 66000 TPA and (ii) Cuddalore Tamil Nadu of S-PVC to Cuddalore 300000 TPA.2017- Purchase of Hydrogen Peroxide plant and machinery from Asian Peroxides Limited- The Company celebrated its Golden Jubilee2019- Commissioning of Hydrogen Peroxide plant at Mettur Tamil Nadu- Demerger of S-PVC Undertaking of the Company at Cuddalore Tamil Nadu and vesting of such undertaking in CCVL pursuant to the Composite Scheme of Arrangement- Amalgamation of Sanmar Speciality Chemicals Limited with the Company pursuant to the Composite Scheme of Arrangement.2021- CCVL became a wholly owned subsidiary of the Company pursuant to the CCVL Acquisition.Key awards accreditations or recognitions :2017-18- Star Award from National Safety Council Tamil Nadu Chapter for promoting safety health and management practices to the Company’s facilities at Mettur Facility II and Mettur Facility III.- FICCI Sustainability Award for Excellence in Safety (Petrochemicals) Chemplast Sanmar Karaikal won the Indian Chemical Council (“ICC”) award for Excellence in Management of Health and Safety 2017.2019-20- British Safety Council’s Occupational Health and Safety Audit Five Star grading for CCVL- Indian Chemical Council ‘Certificate of Merit for Social Responsibility’ for 2018.- ‘First price in manufacturing (large sector) at 8th FICCI Safety Systems Excellence Awards or Industry 2019 (Mettur Plant III). Safety Award from the Directorate of Industrial Safety and Health Government of Tamil Nadu for achieving lowest weighted injury accident frequency rate at the Mettur Facility and achieving the longest injury free working at the Mettur Facility.2021-22- Silver EcoVadis Medal from EcoVadis and the result places the Company among the top 25% of companies accessed by EcoVadis (Mettur Facility III)