Styrenix Performance Materials Ltd
NSE: STYRENIX BSE: 506222
₹1915
(-0.31%)
Tue, 03 Mar 2026, 00:23 pm
Market Cap33.69B
PE Ratio19.91
Dividend5.12
Process Industries
Chemicals: Specialty
24.5KCompany History
1978
- ABS Industries Limited was incorporated.
- The company commenced production to manufacture Acrylonitrile Butadiene Styrene (ABS).
1991
- The second phase of expansion of ABS Resins was successfully commissioned.
- The modernization of the ABS Plant was completed.
1992
- The company issued 3,00,000 non-convertible debentures.
- The company name was changed from 'ABS Plastics Limited' to 'ABS Industries Limited'.
1993
- The company issued 36,65,800 right equity shares.
- The company received Rs.3.95 crores on account of allotment money.
- The San Project was completed and production commenced in March.
1995
- The SAN plant achieved nearly 100% capacity utilization.
- The promoters subscribed to 10,00,000 equity shares.
- LIC nominated Shri U C Saksena as a Nominee Director.
1996
- 20% non-convertible debentures were issued to financial institutions and mutual funds.
- Wind Turbine Generators were installed at Lamba and Dhank in Gujarat.
- The FIPB cleared Bayer Industries Ltd's proposal to acquire a 31% stake in the company.
- The company offered 4.2 lakh equity shares on a preferential basis to its promoters.
1997
- Bayer Industries Ltd acquired 50.97% equity shares of the company.
- The company regretted the demise of Mr. J. J. Mehta, former Chairman and Director.
- Mr. M. D. Rajpal and Mr. Vijay Ranchan resigned from the Board.
- Mr. Alan McGilvray took over as Chairman of Bayer ABS Ltd.
- The company increased its capacity for ABS by 5000 tpa.
1998
- Mr. R. S. Agrawal was reappointed as Managing Director.
- ICICI replaced its Nominee Director with Mr. S. R. Chougule.
- The company's installed capacity was increased to 16,000 metric tonnes.
1999
- The increased capacity of Polybutadiene Rubber increased the overall capacity of the company's products.
2000
- The company obtained an ISO 9001 certificate for its quality management system.
2003
- Mr. Stephan Gerlich was appointed as Additional Director and Chairman.
- The capacity of SAN resins was increased to around 40,000 tpa.
- Mr. D C Shroff was appointed as an alternate director.
- Mr. R S Agarwal was reappointed as Managing Director.
2005
- The company name was changed from Bayer ABS Ltd. to Lanxess ABS Ltd.
2008
- The company name was changed from Lanxess ABS Ltd to INEOS ABS (India) Ltd.
2011
- BASF and INEOS signed a joint venture contract for Styrolution.
2012
- The company name was changed from INEOS ABS (India) Limited to Styrolution ABS (India) Limited.
2013
- The company recommended a dividend of Rs. 4.00 per share.
- Mr. Vishvesh V. Vachhrajani resigned as Company Secretary and Compliance Officer.
- Mr. Haresh Khilnani was appointed as Company Secretary and Compliance Officer.
2014
- The company recommended a dividend of Rs. 4 per equity share.
- The company completed the acquisition of 100% equity shares of Styrolution India Pvt. Ltd.
- Styrolution inaugurated a new ABSOLAN line in Gujarat, India.
2016
- The company name was changed from Styrolution ABS (India) Limited to INEOS Styrolution India Limited.
2017
- The company name was changed to Styrenix Performance Materials Ltd. from INEOS Styrolution India Ltd.
2023
- The company name was changed to Styrenix Performance Materials Ltd.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800