Sumitomo Chemical India Share Price

Sumitomo Chemi.

CMP as on 28-Oct-21 15:57

₹ 390.10
-7.85 -1.97%

Open

₹ 400.00

Turnover (lac)

₹ 678

Prev. Close

₹ 397.95

Day's Vol (shares)

₹ 1,73,701

Day's Range (₹)

₹ 387.00
₹ 400.00

CMP as on28-Oct-21 15:30

₹ 390.05
-7.45 -1.87%

Open

₹ 402.95

Turnover (lac)

₹ 61

Prev. Close

₹ 397.50

Day's Vol (shares)

₹ 16,178

Day's Range

₹ 387.85
₹ 402.95

Sumitomo Chemical India Limited (SCIL) was incorporated originally on 15 February 2000 and converted from Private Limited to Public Limited w.e.f. 24th November 2018. SCIL is a subsidiary of Sumitomo Chemical Company Limited, Japan. The companys shares are listed on National Stock Exchange and Bombay Stock Exchange. The company is primarily engaged in manufacturing of household insecticides,agricultural pesticides,public health insecticides and animal nutrition products.On 01 August 2018, the Board approved a Scheme of Amalgamation (Scheme) for amalgamation of Excel Crop Care Limited, a subsidiary of Sumitomo Chemical Company Limited, Japan, the Companys Holding Company, with the Company. The Appointed Date under the Scheme is 01 April 2018. At the Meeting of the Shareholders of the Company held on 30 March 2019 pursuant to the Order of Honble National Company Law Tribunal, Mumbai Bench (Honble NCLT), the Scheme was approved unanimously by the Shareholders.By its Order dated 27th June, 2019 (Order), the Honble NCLT approved the Scheme. Certified copy of the Order was filed with the Registrar of Companies on 31st August, 2019 and accordingly 31st August, 2019 is the Effective Date of the Scheme.In terms of the Scheme, 2,199,448 equity shares of Excel Crop Care Limited held by the Company representing its 19.98% share capital were cancelled. On 7th October, 2019, the remaining shareholders of Excel Crop Care Limited holding shares as on 31st August, 2019 (Record Date) were allotted shares of the Company in the following ratio: 51 equity shares of the Company of Rs 10 each fully paid up for every 2 equity shares of Excel Crop Care Limited of Rs 5 each fully paid up. Accordingly, the Company issued and allotted its 224,557,641 shares of Rs 10 each as fully paid up to the other shareholders of Excel Crop Care Limited.As a result of implementation of the Scheme of Amalgamation, Excel Crop Care (Africa) Limited, Tanzania and Excel Crop Care (Europe) NV, Belgium, the subsidiaries of Excel Crop Care Limited have become the Companys subsidiaries.The Companys shares, representing its entire issued share capital, have been listed on BSE Limited and the National Stock Exchange of India Limited on 27th January, 2020.With this allotment of shares, the shareholding of Sumitomo Chemical Company, Limited, Japan, the Holding Company and its Japan based subsidiary, in the Company, stood reduced from 100% to 80.3% as on 31st March, 2020. In June, 2020, the Holding Company sold 9,982,914 shares (representing 2% of the Companys share capital) through offer for sale process through the stock exchanges and thereby reduced their shareholding to 78.3%. The Promoters need to reduce their shareholding in the Company to 75% or less, within one year of Listing.The shares held by the Promoters in the Company to the extent of about 55.01% of the Companys share capital have been locked-in for a period of one/three years from the date of listing as per SEBI requirements.In respect of 224,557,641 shares of Rs 10 each fully paid up allotted to the shareholders of Excel Crop Care Limited, the Company has not been able to file Return of Allotment with the Registrar of Companies as required under the Companies Act, 2013. This is owing to a technical problem in the portal of the Ministry of Corporate Affairs on which the Return of Allotment needs to be filed online. The Company is making efforts to find solution to the problem so that it can file the Return of Allotment. In the meantime, as stipulated by the stock exchanges, 19.99% of the equity share capital held by the Promoters (in addition to 55.01% of the share capital locked-in as per SEBI requirements) have been locked-in and will remain under lock-in till the Company files Return of Allotment with the Registrar of Companies.Global pandemic Covid-19, which broke out in the last quarter of FY 2019-20, has caused severe impact globally and in India. India announced country-wide strict lockdown in the last week of March 2020 and such measures continue to be in force till date in gradually relaxed form. The Companys operations have been classified as essential and hence not much affected by the lock-down.

  • Chairman & Independent Directo

    Mukul G Asher
  • Managing Director

    Chetan Shah
  • Executive Director

    Kiyoshi Takayama
  • Director

    Hiroyoshi Mukai
  • Independent Director

    B V Bhargava
  • Director

    Ninad D Gupta
  • Additional Director

    Tadashi Katayama
  • Addtnl Independent Director

    Preeti Mehta
  • Company Secretary

    Pravin D Desai
  • Executive Director

    Sushil Marfatia
  • Additional Director

    Masanori Uzawa

Registered Office

Building No.1 Ground Floor,
Shant Manor Co-op Housing Soc.,Mumbai,
Maharashtra-400101

REGISTRAR OFFICE

C-101 247 Park,
Vikhroli West,Mumbai-400083
INDIA