The Board of Styrenix Performance Materials at its meeting held on 09 December 2024 has approved the proposed acquisition by the Company (through a step down subsidiary) of 100% shareholding of INEOS Styrolution (Thailand) Co.,(INEOS Thailand) from its existing shareholders, i.e. INEOS Styrolution Group GmbH (INEOS Germany), INEOS Styrolution APAC Pte. and INEOS Styrolution Hong Kong Company, subject to completion of customary conditions precedent (Proposed Acquisition), in terms of a share sale and purchase agreement between the Company and INEOS Germany (SPA). Pursuant to the Board`s approval, the Company has executed the SPA with INEOS Germany today i.e. on 09 December 2024.Powered by Capital Market - Live News

Styrenix Performance Materials announced that the Board of Directors of the Company at its meeting held on 9 December 2024, inter alia, have recommended the interim dividend of Rs 31 per equity Share (i.e. 310%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Styrenix Performance Materials will hold a meeting of the Board of Directors of the Company on 9 December 2024Powered by Capital Market - Live News

Net profit of Styrenix Performance Materials rose 24.25% to Rs 70.10 crore in the quarter ended September 2024 as against Rs 56.42 crore during the previous quarter ended September 2023. Sales rose 9.78% to Rs 653.22 crore in the quarter ended September 2024 as against Rs 595.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales653.22595.00 10 OPM %15.1313.92 - PBDT104.3185.14 23 PBT94.4075.92 24 NP70.1056.42 24 Powered by Capital Market - Live News

Styrenix Performance Materials will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live News