GHCL Limited has informed the Exchange regarding Board meeting held on November 01, 2025.
GHCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
GHCL Limited's board met on November 1, 2025, and approved its unaudited Q2 FY26 (quarter ended September 30, 2025) financial results along with a share buyback plan. Standalone revenue from operations stood at Rs 721.29 crore, down from Rs 792.79 crore in Q2 FY25, while net profit fell to Rs 107.36 crore from Rs 154.73 crore a year ago. Basic EPS for the quarter was Rs 11.23 versus Rs 16.27 in the same quarter last year. The board approved a buyback of up to 41,37,931 equity shares (about 4.31% of paid-up capital) at Rs 725 per share, for a total outlay of up to Rs 300 crore through the tender offer route, with the record date fixed as November 14, 2025. Promoters and promoter group (except Golden Tobacco, which is under insolvency) have indicated they will not participate in the buyback. Additionally, the company's lignite mining lease in Gujarat was renewed for 20 years, valid until December 8, 2043.
The Rs 300 crore buyback at Rs 725 per share is a positive signal for non-promoter shareholders and signals management's confidence, though the price is well below the current market price and acceptance will be on a proportionate basis. However, Q2 results show a clear year-on-year decline in both revenue (down ~9%) and net profit (down ~31%), which could weigh on short-term sentiment. The mining lease renewal is a structural positive, securing raw material access for another 18+ years.