Gujarat Alkalies and Chemicals Limited has informed the Exchange regarding Appointment of M/s Samdani Shah & Kabra as Secretarial Auditors of the company w.e.f. April 01, 2025.
GUJALKALI · price
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Gujarat Alkalies and Chemicals (GACL), promoted by the Government of Gujarat, announced multiple decisions from its board meeting held on May 15-16, 2025. The company reported a strong turnaround on a standalone basis, posting a net profit of Rs. 15.82 crore for FY25 compared to a loss of Rs. 132.24 crore in FY24, with revenue rising to Rs. 4,073 crore from Rs. 3,807 crore. The board recommended a final dividend of Rs. 15.80 per share (158% on face value of Rs. 10), totaling about Rs. 116 crore, subject to shareholder approval. M/s Samdani Shah & Kabra was appointed as Secretarial Auditor for 5 years, and M/s Talati & Talati LLP as Internal Auditor for 1 year. Shri S J Haider, IAS, was appointed as Additional Director (a government nominee), pending shareholder approval via postal ballot. On a consolidated basis, the company still reported a net loss of Rs. 65.12 crore, though much narrower than the Rs. 236.84 crore loss in FY24, mainly due to losses at its 60% joint venture GACL-NALCO which has been facing operational issues including a technical shutdown since April 22, 2025.
Positive for shareholders: GACL swung back to profit on a standalone basis and declared a healthy dividend of Rs. 15.80 per share. However, the consolidated results remain in the red due to ongoing troubles at its GACL-NALCO joint venture, which investors should keep an eye on.