Sintex Plastics Technology Limited is a plastic processing conglomerate that caters to diverse high-growth sectors. It is engaged in the manufacture of plastic products in India and Europe and trading activities in the USA.
Sintex Plastics Technology has announced the delisting and cancellation of its equity shares, marking a major change in its equity structure. This is likely to affect share liquidity and indicates a strategic shift by the company’s management. The move has been publicly communicated widely to ensure shareholders are well informed.
Sintex Plastics Technology has announced a board meeting setting May 14, 2025, as the record date to extinguish all existing equity shares without consideration as part of its liquidation. Concurrently, 1 crore new equity shares (INR 1 each) will be issued to acquirers under the acquisition plan. Existing shares will...
Sintex Plastics Technology Limited has confirmed that the National Company Law Tribunal (NCLT) has allowed the delisting of the existing equity shares as part of the company's liquidation process. The NCLT also permitted the company not to list new shares following its acquisition by Durgesh Infrastructure Private Limited and its...
Sintex Plastics Technology Limited has completed the handover process to Durgesh Infrastructure Private Limited and its affiliates, following their successful acquisition in the ongoing liquidation process. The Liquidator issued a sale certificate on July 30, 2024, confirming the transfer of ownership. This transition comes after a directive from the National...
Sintex Plastics Technology Limited reported its financial results for the third quarter and nine months of the fiscal year. The consolidated revenue for the period reflects a noteworthy growth, attributed mainly to increased demand and enhanced operational efficiencies. Total revenue saw an uptick, supporting a year-over-year revenue growth of approximately...