INEOS ABS (INDIA) LIMITED

INEOS ABS (INDIA) LIMITED

ABOUT THE COMPANY

The Company was incorporated as ABS Plastics Limited in the year 1973.

In 1992, the name was changed to ABS Industries Limited.

In 1997, Bayer AG acquired a majority share of 51% in ABS Industries Limited. The company then became a part of the Bayer group and was rechristened as “Bayer ABS Limited”.

In early 2004, Bayer Group globally decided to restructure its business, The styrenic-based Polymer products became the part of a new group named LANXESS and Company's name changed to "LANXESS ABS Limited".

In 2008, INEOS ABS (Jersey) Limited, UK, acquired major stake constituting 83.33 % of total paid up capital of the Company, thereby becoming the holding Company of LANXESS ABS Ltd. After following appropriate required procedure, the change of name was effected from. June 17,2008 to INEOS ABS
(India) Limited.

>> 36th Annual General Meeting of the members of the Company was held on 20th April, 2009.

>> Members have approved the payment of Dividend @25% per equity shares for the year 2008.

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