Supreme Petrochem announced that its board of directors will meet on Apr. 21, 2014 to consider the buy-back of equity shares to such extent not exceeding 10% of the net worth (paid-up equity capital and free reserves) on such terms and conditions.

The company's board will approve and take on record the unaudited financial results for the quarter ended Mar. 31, 2014.

Shares of the company gained Rs 3.45, or 6.07%, to settle at Rs 60.30. The total volume of shares traded was 27,858 at the BSE (Wednesday).