Styrenix Performance Materials Limited has informed the Exchange about update on merger of wholly owned step-down subsidiaries in Thailand.
STYRENIX · price
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Styrenix Performance Materials has completed the reverse merger of its two wholly owned step-down subsidiaries in Thailand, effective June 26, 2025. Styrenix Polymers (Thailand) Co., Ltd. has been dissolved, while Styrenix Performance Materials (Thailand) Limited (formerly INEOS Styrolution Thailand) will continue as the surviving entity. The merger had been approved by both companies on March 5, 2025 and was awaiting regulatory approvals, which have now been received. The company also updated the turnover of the surviving entity to THB 1,036,094,604 (approximately ₹245-250 crore) for the three-month period ended March 31, 2025, replacing the earlier figure based on FY2023 financials.
This is an internal corporate restructuring within the company's overseas subsidiaries and has no direct impact on the shareholding pattern, EPS, or stock price. It may streamline operations in Thailand, but is largely a housekeeping event with no material financial implications for retail shareholders.