The board of directors of Supreme Industries has approved a proposal to increase the investment limit of foreign institutional investors and registered foreign portfolio investors to 30 per cent of the paid-up equity share capital of the company. The board also gave the nod for the company to follow the April-March financial year format, in order to comply with the Companies Act. Currently, the company follows the July-June financial year format. The move will see Supreme Industries having a nine-month financial year in 2015-16. Currently, FIIs own 22.71 per cent stake in the company. Shares of Supreme Industries edged down 0.53 per cent at ₹627.7 on the BSE.

International Paper APPM has informed the exchanges that Andhra Pradesh Pollution Control Board on Monday revoked the closure order issued earlier to the manufacturing facility located at Rajahmundry, East Godavari District under Air (Prevention and Control of Pollution) and Water (Prevention and Control of Pollution) Act. Consequently, the manufacturing facility at Rajahmundry resumed operations effective July 27 after completion of annual maintenance works (outage). Shares of International Paper gained 2 per cent at ₹304.9 on the NSE.

Suprajit Engineering has announced the trial and testing of certain critical equipment at its new Sanand plant at Charal Industrial Estate, Gujarat. The building activities are at an advanced stage of completion. A portion of the plant has been readied on priority to meet certain start-up requirements of one of its prestigious customers to whose work this plant will cater to. Shares of Suprajit Engineering slipped 2.5 per cent at ₹138.45 on the NSE.

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