Styrenix Performance Materials Limited — AGM Information 2021

Jul 14, 2021

INEOS Styrolution India Ltd. 5th Floor, Ohm House-II, Ohm Business Park, Subhanpura, Vadodara – 390 023 Gujarat, India www.ineosstyrolutionindia.com

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July 14, 2021

To,

BSE Limited National Stock Exchange of India Limited Dept. DSC_CRD Exchange Plaza, Phiroze Jeejeebhoy Towers, Plot No. C/1, ‘G’ Block, Dalal Street Bandra- Kurla Complex, Mumbai 400 001 Bandra (‘E’) Mumbai 400 051 BSE Scrip Code: 506222 NSE Symbol: INEOSSTYRO

Sub. : Intimation regarding publication of notice in newspapers with respect to the 48[th] AGM.

Ref: Regulation 47 & 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dear Sir,

Pursuant to Regulation 47 read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, please find enclosed herewith copies of notice related to information regarding the 48th Annual General Meeting of the Company published in Business Standard, English language newspaper (having Nationwide Circulation) and Vadodara Samachar, (Gujarati language newspaper) at Vadodara on Wednesday, July 14, 2021.

We request you to kindly take the same on your record.

Thanking You. Yours Faithfully,

For INEOS Styrolution India Limited

ABHIJAAT Digitally signed by ABHIJAAT AKHILESH AKHILESH SINHA SINHA Date: 2021.07.14 19:03:48 +05'30' Abhijaat Sinha Head Legal & Company Secretary

Encl.: As above.

Head Office: INEOS Styrolution India Ltd. CIN : L25200GJ1973PLC002436 5th Floor, Ohm House-II, Ohm Business Park, Subhanpura, Vadodara – 390 023, Gujarat, India Tele : +91 265-2303201/02 Fax No: +91 265-2303203

Registered Office: INEOS Styrolution India Ltd. CIN : L25200GJ1973PLC002436 5th Floor, Ohm House-II, Ohm Business Park, Subhanpura, Vadodara – 390 023, Gujarat, India Tele : +91 265-2303201/02 Fax No: +91 265-2303203

AHMEDABAD | WEDNESDAY, 14 JULY 2021

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KUSUM wilts under poor planning

Multiplerepackaginghasimpactedthesuccessofthisfour-year-oldflagshipschemeto de-dieseliseagriculturethroughsolar-poweredpumpsets

Multiplerepackaginghasimpactedthesuccessofthisfour-year-oldflagshipschemeto financial incentive for farmers to adopt solar-poweredpumps. de-dieseliseagriculturethroughsolar-poweredpumpsets This year in January, EESL issued another tender for off-grid/standalone SHREYA JAI & TWESH MISHRA solar pumps totalling 317,000 to be set New Delhi, 13 July ELECTRICITY SUBSIDY ON AGRICULTURE & upacrossallstatesandUnionTerritories. AMBI PARAMESWARAN HOW SOLAR PUMPS CAN REDUCE IT This ambitious plan has run into legal rime Minister Narendra Modi in trouble.Closetoadozencompaniesthat his Independence Day speech in State Annualelectricity Investmentrequired Numberofyears participated in the tender have moved P 2018 hailed the Pradhan Mantri subsidyon forinstallationand requiredif Delhi High Court alleging that the bidKisan Urja Suraksha Evam Utthaan agriculture solarisationof investmentisfunded dingprocesslackstransparency. Messagein Mahabhiyan (PM-KUSUM) scheme as a (in~crore) pumps(in~crore) byyearlysubsidy Executives said around 30 bids were saviour for the farmers. Announced in droppedfromthetechnicalroundofthe Haryana 7,278.7 24,194.4 3.32 abottle theBudgetthesameyear,Modisaidwiththissolarfarmingscheme,“farmerscan Punjab 7,585.8 29,547.2 3.9 bidding without any clarification. DelhiHigh Court has directed the Union of now earn money from farming and at Rajasthan 16,303.1 54,874.8 3.37 Indiatorespondtotheseallegations. When Coke signed on as a co-sponsor of the same time earn by selling the extra Uttar Pradesh 9,492.1 42,639.2 4.49 Aseniorsectorexecutive,requesting American Idol in 2002 for $10 million, little solarpowergeneratedattheirfarms”. Gujarat 6,591.2 33,001.2 5.01 anonymity, said the MNRE and EESL didtheworldknowthatitwasgoingtounleash Thegoalwastode-dieselisethefarm Madhya Pradesh 9,753.8 44,396 4.55 bothrefusedtoclarifytotheplayerswhy yet another marketing communication innosector by replacing diesel pumps with thebidsweredropped.Hesaiditisclear vation.Whilethebrand’sadsranon American solarised ones. It would also reduce the Maharashtra 17,729.5 72,835.6 4.11 fromtheactionsofEESLthatitis“pick- Idol , it also got its Coke branded cups on the burden on state-owned discoms that Andhra Pradesh 7,578.7 30,255.2 3.99 ingandchoosing”companies. Jury Table. This was not an accident but a have to supply subsidised electricity to Telangana 12,510.4 48,028.4 3.84 In the middle of this, the Centre has part of the sponsorship deal. The TV network theagriculturesector.Atthesametime, Karnataka 15,263.3 51,375.2 3.37 repackagedKUSUMscheme—again.It embraced the new idea since it, Fox to be prediscomsweretobuytheexcesssolarpoTamil Nadu 6,585.6 27,054.8 4.11 is now part of the new reform programcise,wasgettingreadyforanewworldofDVRs wergeneratedbytheseinstallations,givTotal 116,672.2 458,202 3.93 me for state-owned discoms — the sec(digital video recorders, which enabled the ing farmers another source of income. ond for this government. The scheme audience to skip through the ads). The partSince then, the same scheme has Source: Ministry of Power, and Ministry of New and Renewable Energy would have an outlay of ~303,758 crore nership between Coke and American Idol ran beenannouncedinseveral“reformpackwith an estimated gross budgetary supuninterrupted for more than a decade, till ages” and Union Budgets with varying sincethisimpactselectoralpolitics,too,” company, issued a tender for off-grid eration capacity on their fallow/barren port of ~97,631 crore. All power sector 2014. As this report in sponsorship.com said: budgetary allocation by the Centre and said an executive of a solar goods firm solar water pump systems across India lands and to sell it to the grid would be reformschemes,includingPM-KUSUM “Cokebecamesuchakeypartoftheshowthat reducedincentives. who participated in these state tenders. underPMKUSUM;181,200solarpumps operationalised.” scheme, would be subsumed into this its ubiquitous cups even went on tour as part When the scheme was first announBy the end of 2018, MNRE decided weretobeinstalled.Thepriceofpumps None of the announcements was umbrellaprogramme. of roving bus/tour museum dedicated to the ced, it had an outlay of ~1.4 trillion, incto get the Indian Renewable Energy was cut 60 per cent owing to the large “new” as such but amounted to repackSinghsaidoncethefeederseparation show called Idol Across America alongside luding budgetary support of ~48,000 Development Agency (IREDA), a statesizeofthetender.Thereisnopublicdata aging, reflecting the slow progress of foragriculturewasdone,farmerswould Randy Jackson’s boots and Season 7 winner crore,over10years.Theschemerequired ownedfinancecompanyfocusedonrenon the installations but senior officials thescheme. effectively be getting free power from David Cook’s guitar.” initial funding of close to ~28,000 crore. ewableenergy,toraisetherequiredfunclaimthetargetwouldbemet. Then in November 2020, the central solar-runirrigationsystems.“Agriculture But the finance ministry said these ds.Butthatplan,too,wentnowhere,the Yet, in 2020, the finance ministry financial support for the scheme was subsidy would cease to exist in the next sums were too high and asked the minprincipal reason being a funds crunch. againintroducedmorechanges.Referrscaled down to ~34,035 crore and the four to five years if the discoms are able istry of new and renewable energy InJuly2019,theschemefoundmening to her July 2019 statement in the 2022targetuppedto30.8Gw. to solarise the agriculture feeders. (MNRE), the nodal department for the tionagainintheBudgetspeech,thefirst February 1, 2020, Budget speech, SithaAt the same time, the obligation on Farmers will get free power during the scheme, to rework the numbers and, as forthesecondtermoftheNarendraModi raman announced, “The PM-KUSUM discomstobuysolarpowerfromfarmers day and discoms would be able to redigovernment officials told this paper, to government. The new finance minister, scheme removed farmers’ dependence wasremoved.Commentingontheimplrect that amount of electricity to other look at “alternative funding modes for Nirmala Sitharaman, said, “Annadata ondieselandkeroseneandlinkedpumpementationoftheKUSUMscheme,powconsumers,”Singhsaid. theKUSUMscheme”. canalsobeUrjadata.” sets to solar energy. Now, I propose to er minister R K Singh had said in 2020, Agriculture remains the most subsiAt the same time, states like Gujarat Inthesamemonth,theMNREissued expand the scheme to provide 20 lakh “Irrigationisrequiredinfieldsforhardly disedelectricityconsumer.Insomeparts andMaharashtrawerealreadyinstalling anordertargetingsolarcapacityof25,750 (two million) farmers for setting up 150daysayear.FortheremainingroughofIndia,itleadstowasteofbothelectrisolar pumps under their own schemes. Mw by 2022 under the PM-KUSUM stand-alonesolarpumps;furtherweshall ly 200 days, the electricity generated cityandwater,andinothers,duetointer“These states were reluctant to merge scheme with central financial support also help another 15 lakh (1.5 million) fromsolarpumpsdistributedunderthe mittentpowersupply,heavydependence their schemes with a central programof~34,422crore. farmers solarise their grid-connected KUSUM scheme will be available free of ondieselgensets.Aparadigmshiftthrome and let the Centre take the credit for Energy Efficiency Services Limited, pump sets. In addition, a scheme to cost to the state government’s discom.” ugh a scheme that is yet to find a coherincentivising irrigation for the farmers, orEESL,thestate-ownedenergyservices enablefarmerstosetupsolarpowergenThissignificantdecisionremovedthe entplanlooksincreasinglybleak.

Messagein abottle

Coke created a new wave in brand-event partnership and many brands followed. TV channels embraced this with great enthusiasm. Ernest Dichter (1907-1991), the father of MotivationResearch,issaidtohaveobserved: “In modern communication we have to penetrate to the deeper meaning which products, services, and objects that surround us have for the individual. Only by this deep insight can we truly be creative and communicate effectively.”WhiletherewasnoErnestDichter tofindoutifmoreCokewasconsumedduring the AmericanIdol programmebreaks,chances arethatCokemusthavetrackedthiscarefully. When the programme lost its cache, Coke pulled the plug or should I say, removed the Coke branded cups from the Jury Table? Coke bottles (or cup, in the case of American Idol ) on the table was a new message to the marketing world and consumers on how brands can be integrated into programming. Little wonder that Coke bottles feature on the FIFA Euro 2020 media tables. It must have been negotiated as a part of the overall sponsorship of the tournament. When Cristiano Ronaldo moved the Coke bottles from the media table, he was changing the nature of the Coke-FIFA Euro 2020 sponsorship contract. It is unlikely that he was not aware that the Coke bottle on the table was not an accident but a clear advertising message. Will he next want Coke ads stopped from running during the break time? Will he object if he sees Coke logo on the stadium runners, refusing to score a goal? One wonders. Brands have had a merry time indulging in “Moment Marketing” after the RonaldoCoke goal, though. Learning from Coke, other brands, too, are getting their spot on the media table. And Heineken got into the news because Paul Pogba moved its bottle away. Reason cited: he is a practising Muslim and Heineken is a beer brand,thoughthebottleondisplaywasanonalcoholic drink. He allowed the Coke bottles to stand. It is interesting that Coke did not throw the rule book at FIFA or Ronaldo. Its reaction was very mature, showing that it has played this game many times. Why is the bottle on the table such a big deal?BothCokeandPepsiplayasimilargame. And we learnt something when we invited Coke’s Jonathan Mildenhall to the ad festival, Goafest, a few years ago. While the pouring rights for the event was with Pepsi, we were requested by Coke and its agency partners to ensure that there was no Pepsi on show when Mildenhall was in the Grand Hall for his talk. The bottles on display had to be Coke brands such as Kinley water or Diet Coke. Even the visi cooler in the hall had to be covered with cloth. The paranoia is not easy to understand butCokeknowsthatinthiseraofsocialmedia andcamera-enabledphones,allittakesisone photo with a Pepsi bottle to create a Twitter storm. Though Pepsi folks are a lot “cooler” about this “message in a bottle” and bottle on the table thing, we had to ensure that Indra Nooyi got only Aquafina at the hotel where Ad Asia was being hosted in Delhi some years ago. There it was Kinley that had to be moved off the table. You may call it hyper-paranoia. But if you are selling sugared water, you have to be sure that your pack, your logo, your design, your colour, are indeed your code of conduct, your coat of armour. Not to be played around with. As we get ready for non-linear television content consumption, we should be ready for many more versions of “bottle on tables”. We may not even know that we have been played. Only the brand and the programme producer know that. And if Ernest Dichter was around, he could probably tell us how we got played.

Christie’sbeats Covidblueswith salesjumpthisyr Auctionhousesees13percentgrowth onstrongAsiandemand

PAVANLALL

Mumbai, 13 July

For the first half of this year, Christie’s recorded $3.5 billion in sales across all modes, which was up by 13 per cent compared to last year,saidtheauctionhouse’sCEO Guillaume Cerutti on Tuesday. Major works sold included a Basquiat that went for a record price and other record breakers that included a Picasso that fetched over $100 million. Basquiat’s painting titled In this Driving the sales on the supply case (1983) sold for a record price side were art pieces coming from single owner collections that breaking sales for handbags and included 600 lots from the collecwatches, and Christie’s continued tion of Mrs Henry Ford II. Cerutti toinvestheavilyindigitalchannels said“privatesalesrepresent25per suchasWeChatminiprogrammes, cent of our sales and more than which was a great way to engage ever we are getting to be very customers from China.” strong through channels where Specifically, Asia saw huge private buyers are consigned contraction and interest in Christie’s fidentially to us through sellers.” auctions. Christie’s has organised a total GiovannaBertazzoni,Christie’s of around 164 auctions this year vice-chairman of the 20th/21st with 88 of them being live and 76 century,saidthatEurope,theWest online, officials said. Asia and Africa saw at least 50 per Therewasrecordparticipation centmoreinterestintermsofsales fromAsianbuyers,whoaccounted and business, and added that the forsome39percentofall enduring appeal of Online sales for sales, Cerutti said. There masterpieces has been a strong influx all categories remainedcritical.“The of buyers and particular- including power of images that ly millennials, who watches have have a global bidding account for 30 per cent. also been is harvested into our Christie’s has also strong. These strategy and is what introducedtheNFTmar- timepieces drew makes business more ket,loggingarecordprice as much as $12 compelling,” she said for a work by Beeple million in sales referring to works by called Everydays: The in Dubai Picasso and Basquiat First5000Days that sold that broke records. for close to $70 million. The buyer “India still has a great story was the Metapurse fund, a group ahead with a lot of activity and investing in digital art. we do have a very global populaThe crypto art market has tion of non-resident Indians who always existed and what we see participating in auctions,” Christie’s has simply done is presBelin said. ent it on the global stage, Cerutti In some senses, the pandemic said, adding that it will continue has helped auction houses drive to get attention. sales with local Indian players Online sales for all categories such as Saffronart also logging including watches have also been very high and in some cases strong. The timepieces drew as record prices for paintings by much as $12 million in sales in Indian masters in the last 18 Dubai. Overall, to date this year, months. An M F Husain oil on Christie’s has seen watches total canvas called the Battle of Ganga $93.7 million across 10 auctions in and Jamuna: Mahabharata 12 four cities in four months. Up for sold for ~13.5 crore in March last grabs were 1,681 watches, of which year and an untitled work by V S 10weresoldforover$1millioneach. Gaitonde in March this year Christie’s has accelerated sales amassed a record ~40 crore. of auction items to include colToday, as many as 500,000 lectibles that have ranged from people can follow a sale online in periodfurnituretojewellerytotena venue that earlier never allowed nis great Roger Federer’s even a telephone into the room, Wimbledon rackets. said Jussi Pylkkänen, global presFrancis Belin, president, Asia ident at Christie’s. “There are PacificforChristie’s,seesthesales very few items that are sold today as a reflection of an ability to be that are not of global interest or able to sell worldwide for which have four different continents digital sales channels are largely bidding for it. Very often the buyresponsible. “There were recorder is a new one.

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Thewriterisanindependentbrandcoach andabest-sellingauthor.Hislatestbookis S pring–BouncingBackFromRejection .Hecan bereachedatambimgp@brand-building.com

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cpfsdp„ AN°Zu Ap¡V$p¡dp¡bpBg bp¡g¡fp¡“p lpg“p hapv$pf N°plL$p¡ dpV$¡ ApDV$g|L$, dS>b|su A“¡ ApL$p„np L„$‘“uAp¡ ‘¥L$u“u A¡L$ A“¡ rhíhdp„ s’p MX$sg, Ar^L©$s, L$p¡C ‘Z kp’¡ b°p“¹X$ bp¡g¡fp¡ âs¹e¡ N°plL$p¡“p dep®v$pdp„ klL$pfu d„X$mu L$Q¡fu“p¡ k„‘L®$ L$fhp¡ hp¡ëeyd“u ÖrôA¡ V²$¡L¹$V$f“u kp¥’u dp¡V$u rhõspfdp„ S>hp“u ndsp ^fphsu gNph“p¡ kdÞhe ^fphuA¡ R>uA¡. “hu hX$p¡v$fp, sp.13 lp¡e s¡Ap¡A¡ sp.12 Sy>gpB-2021’u L„$‘“u drlÞÖp A¡ÞX$ drlÞÖp R>sp„ Ap^yr“L$ A“¡ V²$¡“¹X$u A¡kyehu bp¡g¡fp¡ “uep¡dp„ qX$TpB“, ‘ap£d®Þk A“¡ hX$p¡v$fp rS>‰p“p aX$Qp Ar^L$pfu A¡L$ dpkdp„ Ly$b¡f ch“, Bågp¡L$, rgrdV$¡X$A¡ ApS>¡ A¡“u ApBL$p¡r“L$ BÃR>sp N°plL$p¡ dpV$¡ “hu bp¡g¡fp¡ “uep¡ DÐL©$ô A¡[ÞS>“ueqf»N bp¡g¡fp¡“p A“¡ klL$pfu Ar^L$pfu Üpfp ^ ’yhphu kpsdp dpm¡, êd “„-707, L$p¡W$u bp¡g¡fp¡ A¡keyhu ‘p¡V$®ap¡rgep¡“y„ “hy„ D‘gå^ ’i¡. A¡dA¡ÞX$A¡d Ar^L©$s NyZp¡“p¡ kdÞhe ^fph¡ R>¡, L$p¡V$“ Æ“]N â¡k]N A¡ÞX$ kuX$ kàgpe rb[ëX„$N L$ç‘pDÞX$, hX$p¡v$fp Mps¡ êbê dp¡X$g -"bp¡g¡fp¡ “uep¡' âk¹sys L$ey¯ rgrdV$¡X$“p Ap¡V$p¡dp¡qV$h qX$rhT““p S>¡ kplrkL$ A“¡ DÐkplu eyhp“ k.d„.gu. dy.‘p¡. ’yhphu sp.X$cp¡B k„‘L®$ L$fu s¡ A„N¡“p Ap^pf ‘yfphp lsy„. ApS>’u kdN° cpfsdp„ Qua A¡[¼T¼eyqV$h Ap¡qakf huS>e cpfsuep¡ dpV$¡ k„‘|Z®‘Z¡ ‘fa¡¼V$ R>¡. rS>.hX$p¡v$fp“¡ aX$Qpdp„ gB S>hp aX$Qp krls “p¢^phhy„. kde dep®v$p bpv$ L$p¡C drlÞÖp“u sdpd qX$gfri‘dp„ “pL$fpA¡ L$üy„ lsy„ L¡$,bp¡g¡fp¡ b°p“¹X$ bp¡g¡fp¡ A¡keyhu b°p“¹X$ ‘p¡V$®ap¡rgep¡dp„ Ar^L$pfu A“¡ klL$pfu Ar^L$pfu gl¡Ï„ L¡$ dp„NÏ„ “p¢^hpdp„ Aphi¡ “rl D‘gå^ “hu bp¡g¡fp¡ “uep¡“u qL»$ds dS>b|s hapv$pf hN® ^fph¡ R>¡ A“¡ bp¡g¡fp¡ “uep¡“p¡ Dd¡fp¡ Ad“¡ v$¡idp„ (aX$Qp “„.4) A¡ Ål¡f “p¡V$uk blpf A“¡ d„X$mu“p v$asf¡ ’e¡gu “p¢^ dyS>b N4 h¡qfAÞV$ dpV$¡ ê. 8.48 gpM b¡ v$peL$p’u h^pf¡ kdeNpmp’u kp¥’u h^y h¡QpZ ^fphsu V$p¡Q“u 10 ‘pX$u R>¡. aX$Qp Ar^L$pfu sfuL¡$ aX$Qp d„X$mu“¡ ApV$p¡‘u g¡hp“u L$pe®hplu R>¡. bp¡g¡fp¡ “uep¡ âk¹sys ’hp“u kp’¡ cpfsue dpNp£ ‘f âcys™ ^fph¡ R>¡. A¡keyhudp„ bp¡g¡fp¡“y„ õ’p“ Åmhu “„.4“u r“dZ|„L$ L$fhpdp„ Aphsp s¡dZ¡ ApNm Qgphhpdp„ Aphi¡. bp¡g¡fp¡ A¡keyhu ‘p¡V$®ap¡rgep¡ lh¡ Ap “hu âp¡X$L¹$V$ kp’¡ Ad¡ Ap^yr“L$ fpMhpdp„ dv$v$ L$fi¡. QpS>® k„cpþep¡ R>¡. S>¡ L$p¡C“y„ Ap d„X$mu ‘pk¡ gl¡Ï„ L¡$ dp„NÏ„ bpL$u