Supreme Petrochem Ltd has announced the sad demise of Shri Bajranglal Surajimal Taparia, Non-Executive and Non-Independent Director, who passed away on January 30, 2026. The company informed both BSE and NSE about this development under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Director Cessation Details

Consequent to the demise, Shri Bajranglal Surajimal Taparia has ceased to be a Director of the Company with effect from January 30, 2026. The company has described this as an irreparable loss for the organization, its employees, and management.

Management Recognition

The Management of Supreme Petrochem Ltd has placed on record deep appreciation for the valuable guidance and contribution made by Shri Bajranglal Surajimal Taparia during his association with the company. His leadership and insights were valued by the organization throughout his tenure as a director.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 read with Schedule III, Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The company has also made this information available on its website as required under regulatory guidelines.

The notification was signed by D. N. Mishra, Company Secretary of Supreme Petrochem Ltd, and communicated to both stock exchanges on January 31, 2026. The formal communication was addressed to BSE Limited (Script Code - 500405) and National Stock Exchange of India Ltd (Scrip Code - SPLPETRO).

Supreme Petrochem Limited reported challenging third-quarter results for FY26, with revenue declining due to volatile raw material prices and operational setbacks in its newly commissioned ABS manufacturing facility. The company held its earnings conference call on January 23, 2026, to discuss performance for the quarter and nine-month period ended December 31, 2025.

Financial Performance Overview

The company's standalone operating income for Q3FY26 reached Rs. 1,265 crores, representing a 10% year-on-year decline. This decrease was primarily attributed to falling styrene monomer (SM) prices, which averaged USD 810 in December 2025 compared to USD 1,040 during Q3FY25.

Operational Highlights

Despite revenue challenges, the company demonstrated volume growth in its core manufacturing operations. Sales volume of manufactured products increased to 91,265 MT in Q3FY26 from 85,537 MT in the corresponding quarter of the previous year. For the nine-month period, volumes reached 2,62,537 MT compared to 2,60,416 MT in the previous year.

The company's polystyrene plant operated at 80% capacity utilization during the quarter, while the EPS plant achieved 87-88% utilization rates. This improved performance was driven by increased demand from original equipment manufacturers (OEMs) toward the end of the quarter as styrene prices stabilized.

ABS Plant Challenges

The company faced significant operational challenges with its newly commissioned ABS plant. The facility, with an installed capacity of 70,000 MTPA, successfully started production in September 2025 and operated satisfactorily through October and November. However, operations were suspended in December 2025 due to malfunctioning of critical production equipment.

Engineering consultants, equipment suppliers, and technical collaborators have arrived at the plant site to evaluate repair options. The company emphasized that the equipment is under warranty and fully insured, minimizing financial impact from potential repairs or replacements.

Market Dynamics and Raw Material Trends

Styrene monomer prices experienced prolonged decline until November 2025 before stabilizing and showing upward bias. This price stabilization encouraged processors to increase their offtake of styrene products in December, supporting improved demand conditions.

The company noted that import trends showed increased volumes from Thailand rather than China for polystyrene products. Much of the increased import activity involved recycled or reprocessed materials used in applications like wall panels and photo frames, which don't compete directly with prime-grade polystyrene applications.

Financial Position and Future Outlook

Supreme Petrochem maintains a strong financial position with zero debt and continues funding all capital expenditure through internal accruals. As of December 31, 2025, the company held an investible surplus of Rs. 463 crores, providing financial flexibility for future growth initiatives.

The company expects improved performance in Q4FY26, driven by stronger OEM demand during the January-March period and stabilized styrene prices. Management indicated that trading volumes currently represent approximately 20% of total turnover, slightly down from 22-22.5% in the previous year.

For FY27, assuming successful recommissioning of the ABS plant by the end of the current financial year, the company targets volume growth of around 10%, with 3-4% contribution from base business and the remainder from ABS operations.