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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 0.3 pts less than its Commodity Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
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.