2.07 lakh shares were traded on the counter on BSE. The company’s shares have face value of Re 1 per share.

The stock has been on a downward journey in the past few weeks. From Rs 7.35 on 09 November, the stock slipped to Rs 6.81 by 16 November on selling pressure.

Sanmar Group has entered into an agreement to acquire a chemical business located at Port Said, Egypt. The business belonging to Trust Chemical Industries owns a Caustic soda plant with a capacity of 200,000 tonne per annum, which commenced operations a little over a year ago. The plant also has facilities installed to manufacture chlorine-based products such as hydrochloric acid, chlorinated paraffin wax, sodium hypochlorite, ferric chloride, etc.

The Sanmar Group intends to operate this as a separate business headquartered at Port Said.

Sanmar Group's existing chemical venture in India, Chemplast Sanmar is currently involved in a significant capital expenditure programme towards conversion of the caustic soda facilities at Mettur to membrane process, installation of a coal-based power plant of 50 MW capacity at Mettur, and setting up a green field PVC manufacturing facility at Cuddalore with a capacity of 170,000 tonne per annum based on bought-out VCM.

The Sanmar Group has also entered into an MOU to acquire a majority stake in an engineering unit in Germany involved in SG Iron castings, and design / machining of auto components. The acquisition, when completed, will involve the Group acquiring 80% of the outstanding equity capital of the company valued at Euro 16 Million.

For Q1 June 2006, the company reported 37.50% fall in net profit to Rs 4.47 crore as compared to a net profit of Rs 7.15 crore in Q1 June 2005. Net sales rose 7.9% to Rs 153.99 crore (Rs 142.70 crore).

The promoter holding in the company is 75% as of June 2006.