SUPPETRO

Supreme Petrochem Ltd had informed the Exchange that August 05, 2008 has been fixed as the record date for allotment of equity shares of Supreme Petrochem Ltd (Transferee Company) to the equity shareholders of SPL Polymers Limited (Transferor Company) whose names appear in the register of members of SPL Polymers Limited on the record date. Further the Company has submitted to the Exchange the copy of the note on scheme of Amalgamation. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Commo

Supreme Petrochem Ltd has informed the Exchange that "We have filed Form No.21 vide Receipt G.A.R.7, bearing SRN No. A41256991 dated July 12, 2008 with Registrar of Companies, Maharashtra pursuant to obtaining certified true copy of the Order dated June 6, 2008 passed by the Hon'ble High Court of Judicature at Bombay approving the Amalgamation. The Amalgamation is w.e.f. July 1, 2007 (Appointed Date)".

Supreme Petrochem Ltd has informed the Exchange that the Board of Directors of the Company at the meeting held on August 09, 2007 has approved in principle the merger of the subsidiary viz. SPL Polymers Limited with the Company and to appoint valuers for valuation of the shares to determine the share exchange ratio.

Supreme Petrochem Ltd had informed the Exchange regarding the Company's intention of acquiring 55% shareholding in SHIN HO Petrochemical (India) Ltd. (Target Company) from S H Chemical Company Limited. Rep. of Korea (Seller). The Company has now informed the exchange that pursuant to the provisions of the Share Purchase Agreement between the Seller, the Target Company and Supreme Petrochem Ltd. the Company has on May 18, 2006 acquired 64,87,800 equity shares of the Target Company from the Seller comprising of 55% of the paid-up equity share capital of the Target Company.