YEAR EVENTS 1942 - The Company was Incorporated at Mumbai. The Company manufacture Industrial and engineering moulded products, storage and material handling crates, multilayer sheets, multilayer films, packaging films, expanded polyethylene foam, PVC pipes and fittings, moulded furniture, sataranj mats, disposable EPS containers, etc. 1943 - 2,000 Right Pref. shares issued (prem. Rs 20 per share; prop. 1:1) to Pref. shareholders. 1945 - Issued 3,000 No. of Equity shares. 1947 - 296 Bonus Equity shares issued in prop. 1:20. 622 Bonus Pref. shares then issued to Equity Pref. shareholders in prop. 1:10. 1960 - 3,110 Rights Equity shares issued at par in prop. 1:2. 1972 - In May, 1972, 1,865 Bonus Equity shares issued in prop. 1:5 in Dec. 1972, 11,271 Right Equity shares issued at par in prop. 1:1. 1978 - 13,426 Bonus Equity shares issued in prop. 3:5 in May 1978. 1980 - 14,321 Bonus Equity shares issued in prop. 2:5. 1985 - A new factory was established at NOIDA (Delhi) with a capacity to manufacture 1500 tonnes of industrial products/components etc. to cater to the North Indian Markets. All the machines were installed in January 1988. - The Company issued 15% non-convertible debentures for Rs 100 lakhs to UTI on private placement basis to meet working capital requirements. - 40,099 Bonus Equity shares issued in prop. 4:5, during February 1986. 1987 - The working of the packaging and multilayer film division, however, was affected by hike in raw material costs and prevailing excess capacity in the industry. - With a view to upgradation of technology and introduction of new products, the Company entered into a collaboration agreement with Bdr. Schur International, Denmark. - The PVC pipes and fittings division introduced cable ducting and bore well pipes during the year. - The Company converted its existing 4,620 - 6 1/2% Preference shares of Rs 100 each into 4,620 - 13 1/2% unsecured non-convertible debentures of Rs 100 each at par on 15th October. These debentures are redeemable at the end of 7 years from the date of allotment. - As on 1st July, plant and machinery, moulds and dies were revalued and the net surplus of Rs 18,42,17,354 arising out of it was credited to revaluation reserves. - The Company issued non-convertible debentures (C-Series) worth Rs. 150 lakhs as "Rights" to augment long term working capital requirements. - Pref. shares redeemed on 15th October by allotting non-con. debs. in lieu. Equity shares subdivided. 9,02,220 bonus shares then issued in prop. 1:1. 1988 - The Company embarked upon setting up of the following projects. (i) expansion of the injection moulding capacity and launching of moulded furniture at Noida; (ii) expansion of PVC pipe and fittings capacity at Jalgaon; (iii) debottlenecking of multilayer sheet capacity at Jalgaon (iv) injection moulding unit at Pondicherry and (v) multilayer sheet and products unit at Daman. - During September-October, the Company offered 4,73,666-14% secured partly convertible debentures (D-Series) of Rs 170 each as follows: (i) 4,51,110 debentures on rights basis in the proportion 1 deb: 4 equity shares held (only 4,40,937 debentures taken up) and (ii) 22,556 debentures to the employees `Under the Employees' Stock option scheme (all were taken up) Additional 10,173 debenture being the unsubscribed portion of the shareholders quota were allotted to the employees. - Rs 70 of the face value of each debenture was converted into 1 equity share of Rs 10 each at a premium of Rs 60 per share on the expiry of six months from the date of allotment of debentures. - The non-convertible portion of Rs 100 of the face value of each debenture would be redeemed at par at the end of 7 years from the date of allotment of the debentures. 1989 - Steps were taken to put up a new multilayer sheet unit at Daman. New range of products were introduced catering to the demands of high tech plastic products required by various industrial customers engaged in the manufacture of electronic, automobiles, air-conditioning and office equipments. - The Packaging and multilayer films division entered into a technical collaboration agreement with M/s. Schur International a/s of Denmark, a manufacturer of packaging film. - The PVC pipes and fittings division entered into a collaboration with M/s. Uponor, Finland for manufacture of "Ultra Rib" pipes in longer diameters. These pipes are to replace the conventional drainage and sewerage system pipes. - The setting up of new projects include (i) Expansion of SWR fittings range at Jalgaon (ii) Manufacture of speciality plastics products at Malanpur industrial area near Gwalior and (iii) Speciality products in co-extruded and multilayer film division. - The Company is a co-promoter of Supreme Petrochem, Ltd., which has taken up a project to manufacture 80,000 tonnes of styrene monomer and 40,000 tonnes of polystrene per annum. 1990 - The loading on the machines at Andheri and Noida units was low due to unrest in Northern India. An injection moulding facility was installed at Pondicherry to cater to its customers in Southern India. The Company launched moulded furniture and a variety of crates. - Another unit of 1000 tpa. capacity was to be put up at Gwalior. The demand in PVC pipes declined due to steep rise in the price of PVC resin. Various new types of pipes for different applications were launched. 1991 - The following projects were proposed to undertaken: (i) expansion of the installed capacity of flexible packaging materials at Taloja and Noida (ii) installation of injection moulding machines with the capacities of 2,200 tonnes and 1200 tonnes at Talegaon and Noida respectively (iii) increasing injection moulding capacity at Pondicherry and Calcutta (iv) installation of air bubble film manufacturing capacity at Gwalior (v) launching of foam polystyrene products at Gwalior (vi) increasing the range of thermoformed polyestyrene products at Daman (vii) expansion of the capacity of PVC pipes and fittings at Jalgaon and (viii) expansion of capacity at the technology centre. - The Company proposed to set up a new industrial component manufacturing unit at Salt Lake area, near Calcutta. - In February, the Company offered 11,39,053 - 14% secured redeemable partly convertible debentures of Rs 200 each on Rights basis in the proportion 1 debenture: 2 equity shares held. - Another 56,953 - 14% partly convertible debentures of Rs 200 each were issued to employees under the Employees' Stock Option Scheme. - Pursuant to the terms of the debenture issue, a portion of Rs 100 of the face value of each debenture was converted into one equity share of Rs 10 each at a premium of Rs 90 per share on the expiry of 12 months from the date of allotment of debentures. - The remaining of Rs 100 of the face value of each debenture would be redeemed at the end of 7 years from the date of allotment of debentures. - 11,96,006 shares issued on part conversion of debs. at a premium of Rs 90 per share (11,79,153 shares on 1.4.1992 and 16,853 shares on 27.4.1992). 1992 - The PVC pipes division introduced a new range of plumbing pipes and fittings which was well received in the market. The Company has become a regular supplier of crates to Coco Cola. - 34,74,112 shares issued as bonus shares in prop 1:1. 1993 - A.K. Structural Foam Ltd., was merged with the Company as per the formalities of amalgamation, the Company offered to the erstwhile shareholders of AKSF Ltd. shares on rights basis in the ratio of one SIL share for 35 AKSF Shares and also partially and on the same terms and conditions. - The Company allotted 8,78,110 No. of equity shares of Rs 10 each at a premium of Rs 190 per share and 17,41,254 - 15% secured partially Convertible Debenture (`H' series) of Rs 450 each for cash at par on Rights basis to employees. 1994 - The profit margins were however affected due to fire in the Andheri godown adjacent to manufacturing facility and due to hike in raw material costs in the furniture division. - The injection moulded products group entered into a tie-up with M/s. Manducher of France for upgradation of auto components business. This would lead to introduction of a large number of plastic components. - From the Hosur plant, cross linked polyethylene foam products were launched. In PVC pipes, the Company launched 355mm/400mm pipes. Also pipes with DIN/BIS/ASTM specification were introduced to cater to the export market. - The Company launched new varieties of fabricated products to complete the piping system. - 13,393 No. of equity shares issued 26,786 shares issued in part conversion of A and H series debentures. Preference shares issued during 1996. 1995 - The has tied up with Schoeller International of West Germany for its technology of new generation bottle crates. In furnitures, the Company launched one piece moulded two seater sofa in the market. 1998 - The company intends to introduce 15 more new models to the already existing 55 models of furniture. - During the year several new products viz. "Hygience Quality Products" were launched in the food service products division. - Premier Lighting Industires Ltd. has become the subsidiary of the company. - Pondy II Plant to manufacture furniture was commissioned in August 1997. - The company acquired the assets of M/s Camphor & Allied Products Limited at Nandesari manufacturing Protective Packaging Products. - The business of Andheri Moulding shop has been shifted to various other units of the company. Taloja capacity has been shifted to Khopoli. - Entire Flexible Packaging Division is relocated at Khopoli. Manufacturing facilities of Packaging Films at Noida, Malanpur and Taloja have been shifted to Khopoli. - Multilayer Sheet Division at Daman has been closed and the entire production capacity of Multilayer Sheet Division is converted to Manufacture Food Serviceware products i.e. FSW products. - The existing facilities of Noida and Talegoan to manufacture moulded furniture have been relocated at Pondy II. - Taloja premises have been partly converted into a "Private custom bonded warehouse". It is partly also used for stocking raw material to give the benefit of logistics in distributing imported as well as local raw material to various manufacturing units. - The company has converted 59,945 MT of various types of Polymers into products against 46,513 tons in 1996-97 showing a growth of nearly 28% in volume terms. - The profit margin was affected due to loss on account of Foreign Exchange borrowings, compensation on VRS for closure of Andheri and Taloja units, loss of production due to shifting of machines from one plant to another plant and inventory losses due to continuous fall in raw material prices throughout the year. - Margins were also affected due to lock out at Nandesari unit during the month of April/May 1998 for 33 days and due to fire at Pondy II unit on 27th May 1998. This fire resulted in loss of production for 4 days. - Commissioning of Pondy Unit II for manufacture of furniture and relocating Noida and Talegaon furniture facilities at Pondy have given economies of scale and faster service to our customers. - The industrial components business has suffered a set back mainly due to slowing down of automobile sector. - The complete closure of Multi layer Sheet business and conversion of capacity to Thermoformed Food Serviceware products has been completed. - There was a fire at Pondicherry Unit II on 27th May. 1999 - The Company is the largest supplier of bottle crates to various soft drink and beverages manufacturers. - The Company has successfully launched PVC plumbing systems in the country during the year under review. - Shri S.R. Taparia and Shri N.N. Khandwala, Directors of the Company retire by rotation and being eligible offer themselves for re-election. - Consequent to acquisition of shareholding from collaborator M/s. Kalle Pentaplast GmbH, M/s. Supreme Vinyl Films Ltd. (Formerly Klockner Supreme Pentaplast Ltd.) has become subsidiary of the Company w.e.f. 7.9.1997. 2001 -Board approves merger of its Group Companies M/s Supreme Oriented Films Limited (SOFL) and M/s Supreme Vinyl Films Ltd (SVFL) into Supreme Industies Ltd. (parent company) w.e.f. April 01, 2001 2002 -High Court approves scheme of amalgamation of M/s Supreme Oriented Films Limited (SOFL) and M/s Supreme Vinyl Films Ltd (SVFL) with Supreme Industries 2003 -Siltap Chemicals Limited merged with Supreme Industries Limited 2005 - Board has recommended payment of dividend @ 90% i.e. Rs 9/- per equity share. 2006 - Supreme Industries signs MoU with the Government of Maharashtra -Supreme Industries has given the Bonus in the Ratio of 1:1 2007 - Board has recommended final dividend @ 50% . 2008 - Board has recommended Final Dividend @ 45%. - Khushkhera plant Won Award for incoming Quality Improvement from Maruti During Vendor Conference for 2008-09. - Pondy Unit won Best Delivery Performance Award 2008, from Whirlpool of India Ltd. 2009 - Export Award to fittings for pipes & hoses (of Plastics) from The Plastic Export Promotion Council, mumbai for the year 2008 - 2009. - Board has recommended Dividend 120% i.e. Rs 12/- . 2010 - Export Award to fittings for pipes & hoses (of Plastics) from The Plastic Export Promotion Council, mumbai for the year 2009 - 2010. - Export Award for Tarapulin from The Plastic Export Promotion Council, mumbai for the year 2009 - 2010. - Best Kaizen Award for Sept 2010 From Whirlpool Cluster for Pondy Unit. - Khushkhera unit Won 1st Award for 7th ACMA Northern Region Quality Circle Competition, at PHD House, New Delhi on 9th July 2010. - Khushkhera plant Obtained Vendor Performance Award for 2009-10, for Manufacturing Excellence from Maruti Suzuki I. Ltd. -Company has splits its Face value of Shares from Rs 10 to Rs 2 2011 - Board has recommended Final Dividend @ 150%. - Export Award for Tarapulin from The Plastic Export Promotion Council, mumbai for the year 2010 - 2011 . - Talegaon plant has been honored with a Trophy towards 'Excellence in Quality' for the year 2010-11. 2012 - Board has recommended Final Dividend @ 225%. - Shri Rajendra J. Saboo has been appointed as Sr. General Manager (Corporate Affairs) & Company Secretary of the Company. - Khushkhera unit bagged "The ACMA Award" for "Excellence in Quality and Productivity" in Silver category. 2013 -Supreme Industries has announced a final dividend of 275 per cent, i.e. Rs 5.50 per share for shareholders. -Supreme Industries has been awarded to fittings for pipes & hoses from the " The Plastic Export Promotion Council". 2014 -Supreme Industries Ltd has been appointed Smt. Rashna Hoshang Khan as an Additional Director of the Company. 2015 -Supreme Industries bags two prestigious awards at 6th National Awards for Technology Innovation -National Energy Conservation for Durgapur -Puducherry Unit won Quality Circle Award 2015, from Whirlpool of India Ltd. -Gold Category Award to Durgapur Unit 2016 -Set up Roto Moulding Unit at Malanpur to manufacture water tanks, Septic Tanks and other Roto-Moulded Products -Set up another Plastic Product Complex at Kharagpur in 59 acres of land to manufacture Pvc, HD, PPR Pipers, Toto-moulded products, Protective Packaging products and Blow Moulded Furniture -Abandoned the project of Composite Pipes for Oil & Gas exploration 2017 - Commenced manufacture of Rtoto Moulded Products at Kanpur - Commenced manufacture of Blow Moulded Products at Karagpur - Supreme Petrochem Ltd. - Over the priiod of 21 years expanded its capacities and has added several verticals in its product range: SPL also acquired one unit at Manali near Chennai. 2018 --Company has been allotted 50 acres of land by state Govt. of Telangana.1st phase of production of plastsic piping products is likely to commence during October -December 2018. - Project work at Ghiloth ( Rajasthan ) has commenced in full swing to manufacture Industrial Plastic Components and is likely to go into production during April - June 2018 -Godrej Partner of the year 2019 - Divestment of Khushkhera Unit engaged in manufacturing Auto Components completed. -New Plant to manufacture PP Corrugated Sheet commissioned at Derabassi Unit. -New Plant of HDPE Pipe at Malanpur Unit III (MP) has been commissioned. 2020 -New Plant of Roto Moulded Products and injection Moulding Furniture at Jadcherla (Telengana) has been commissioned -Company liquidated its investent in joint Venture company Viz. Kumi Supreme India Pvt.ltd. 2021 - New Plant of Protective Packaging products at Jadcherla (Telangana) has been commissioned. - New Plant of PVC Fitting Products at Kharagpur ( West Bengal) has been comissioned. - New Plant of PVC Pipes Products at Jadcherla (Telengana) has been comissioned. 2022 -The company achieved 17.096 MWp of Solar Energy Installations at its various plants for captive use and continues to focus on more usage of renewable energy. 2023 -The Cmpany commencement of Commercial Production at Company s 28th Unit at Cuttack (Odisha)'.