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Chemplast Sanmar Ltd logo

Chemplast Sanmar Ltd

NSE: CHEMPLASTS BSE: 543336

₹280.33

(1.69%)

Tue, 24 Mar 2026, 10:06 am

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Company History

1962

  • The Company was incorporated on 29th September.

1978

  • The company entered into an agreement with the BF Goodrich Co. for VCM containment technology.
  • The Company was involved in the promotion of Peroxide India Ltd.

1988

  • Mettur Chemical & Industrial Corporation Ltd. (MCIC) and its subsidiaries were amalgamated with CPIL.

1991

  • The second genset of 6 MW capacity was installed and commissioned.
  • DRACHEM SPECIALITY CHEMICALS LIMITED (DSCL) set up a project for the manufacture of speciality aroma chemicals.

1992

  • The company's name was changed from Urethanes India Limited to Chemicals and Plastics India Limited.
  • Mr. N. Sankar was appointed as the Managing Director.

1993

  • Mr. K.S. Narayanan was appointed as Director in the casual vacancy.

1994

  • The company's Industrial Alcohol Plants at Krishnagiri and Panruti were shut down.
  • The company launched a programme to expand PVC capacity to 60,000 tonnes per annum.
  • The company absorbed technologies for production of Battery Separator resins and other products.
  • Dr. G.S. Laddha, Mr. V. Narayanan and Mr. N. Srinivasan retired by rotation.

1995

  • The company ordered three more DG sets for a total capacity of 18 MW.
  • The company commissioned wind energy generators with a capacity of 2.5 MW.
  • The company ceased operations at its limestone mines and burnt lime plant.
  • The company diversified into the shipping industry.
  • The company increased the capacity for production of silicon wafers.
  • The Company issued bonus shares in the ratio of 1 : 2.
  • The company successfully placed 42 lac shares at price close to Rs. 200 per share.
  • It was proposed to merge the wholly owned subsidiary, Metkem Silicon Limited with the company.
  • The company entered into a long term wage agreement with the Unions.
  • Voluntary Retirement Schemes were offered at different locations.
  • Mr. K.S. Narayanan, Mr.R.K.Chari and Mr.N.Kumar retired by rotation.

1996

  • The company commissioned twenty five additional wind energy generators.
  • The capacity for production of monocrystalline silicon was enhanced.
  • The shipping division acquired three more bulk carriers.
  • The company's wholly-owned subsidiary, Metkem Silicon Limited, was merged with the holding company.
  • The Thermoplastics Polyurethane Division was spun-off into a joint venture with Bayer AG.
  • The company entered into a joint venture with Cabot Corporation.
  • The company issued cumulative, non-convertible preference shares for a value of Rs.17.50 crores.
  • The company issued 36,00,000 No. of equity shares to warrant holders.
  • Mr. N. Kumar was appointed Managing Director.

1997

  • Bonus shares were issued in the ratio of two shares for every three shares.
  • The company entered into long term wage agreements with the workers.
  • Mr G Chidambar resigned from the Board.
  • Dr G S Laddha, Mr V Narayanan and Mr N Srinivasan retired by rotation.

1998

  • Cabot Sanmar Limited commissioned its project for manufacture of Fumed Silica.
  • The company entered into a long term bonus settlement with the workers.

1999

  • Duff and Phelps assigned the highest rating of Ind D1+ for the company's Commercial Paper programme.
  • The company issued Commercial Paper for a value of Rs.10 crores.

2000

  • The Company proposed to invest Rs 60 crores in its Mettur complex.
  • Mr. P.S. Jayaraman was promoted as Managing Director.
  • The Caustic Soda business was affected by excess indigenous capacity and soft international prices.
  • The Company issued Commercial Paper for a value of Rs.15 crores.
  • Duff and Phelps assigned a rating of AA (-) for an issue of Non Convertible Debentures (NCD) of Rs.150 crores.
  • NCDs of Rs.75 crores were issued on private placement basis.
  • Mr. N. Kumar ceased to be the Managing Director of the Company.

2001

  • SPIL Securities (Gamma) Ltd acquired an additional 22,350 equity shares in the capital of the company.

2002

  • N Sankar was reappointed as chairman for 5 years.
  • Deepak M Satwalekar resigned from the Board.
  • Adit Jain was co-opted as Director in the resultant casual vacancy.

2003

  • Mr R Sukumaran, Secretary of the Company, left the services of the Company.
  • Mr PU Aravind was appointed as Secretary and the Compliance Officer of the Company.
  • The Company informed that the equity shares of the company have been delisted from the Delhi Stock Exchange.
  • The Company got shareholders approval for business recast plan involving demerger of its shipping division, Sanmar Shipping Ltd.
  • The Board approved acquisition of Caustic Soda business of Kothari Petrochem.

2004

  • The Sanmar Group - Promoter Group acquired 1,05,49,323 shares of Chemplast Sanmar Limited.
  • Sanmar Holdings Limited acquired 1,04,60,897 shares of Chemplast Sanmar Limited.

2006

  • Mr. C H Mahadevan resigned from the Board of Directors of the Company.

2007

  • Mr M Raman was appointed as Secretary and the Compliance Officer of the Company.

2009

  • The company issued rights in the ratio of 2:3 at a premium of Re 4/- Per Share.

2024

  • The Company commenced commercial production of Paste PVC.

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