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Economic Times

Dalmias reappointed GHCL directors
13 Sep, 2008, 0009 hrs IST, ET Bureau
NEW DELHI: GHCL shareholders on Friday voted in favour of reappointment of the directors including company chairman Sanjay Dalmia and his nephew Neelabh during the company’s annual general meeting(AGM).

This quells market reports regarding a management control struggle between the co-promoters Sanjay and Anurag Dalmia.

Some shareholders of the company had nominated their candidates to contest the elections against Sanjay and Neelabh Dalmia who is the son of Anurag Dalmia. Though it was speculated that the co-promoters have put up candidates against each other through shareholders acting on their behalf, this was denied by the promoters who maintained that there was no dissent within the family.

GHCL chairman Sanjay Dalmia, said, “All resolutions were passed at the AGM including the reappointment of directors, dividend payment and adoption of balance sheet with overwhelming majority ranging from 83% to 100%.”

Diversified firm GHCL is engaged in soda ash, home textile manufacturing and retailing business.

Meanwhile, Delhi-based investor Pramod Jain has increased his stake in GHCL to 10.13%. One of the investment arms under his firm Pranidhi Ventures has picked an additional 0.7% on Monday, September 8, as per disclosure made to the stock exchanges. The promoters hold more than 40% in GHCL.

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‘GHCL to generate 2 cr jobs globally in 5 years’
Gopal Modi & Himansh Dhomse / DNA MONEY
Saturday, 13 September , 2008, 12:59

A Dalmia Brothers enterprise, GHCL Ltd on Friday announced that it would generate two crore jobs in the next five years. The company plans to open international retail outlets for home textile and home adornment products. This would require a workforce of around two crore employees, most of which will be recruited in India.

GHCL to be split into three companies

“The franchise model will help us open retail outlets globally with less investment and more recruitment,” Sanjay Dalmia, chairman of GHCL, told DNA Money at the close of the company\\`s 25th AGM, in Ahmedabad on Friday.

GHCL gains on stake hike hopes

Dalmia adds that the minimum salary would be Rs 50,000 per annum. “Being an Indian firm, we want to open a large number of outlets here, and thus keep most of the 2 crore jobs within the country,” he said.

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Under the brand name Rosebys, GHCL Ltd wants to open more than 160 stores across the nation by end of the current fiscal. It plans to open more than 700 home textile and home adornment product stores in India in the next four years.

Apart from this, Dalmia also said GHCL plans to disinvest from its ITeS company Colwell & Salmon Communications Inc, which includes voice and non-voice based business process outsourcing, market research, customer acquisition and others. “We would disinvest from this company in the next one and half year,” said Dalmia.

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The company would also invest a huge amount in increasing soda ash production. “Currently, we have an installed production capacity of 8.5 lakh tonnes soda ash per annum in India. This will be increased to 11 lakh tonnes in the next two years,” said Dalmia....

Pargat, are you, Parelkar and Robin swamy all one person or jsut a bunch of guys who rate each others messages and spread false information. Parelkar till a month back was talking about a price of around 300 for GHCK, now he talks of sub 100 as long term. U guys were on the spel board last year talking about figures of 280 etc, what has happened, the stock is at 13 and you guys have dissapeard from that board. You crooks should also sometimes think that there are a lot of novice investors who would lose their hard earned money by basing their investment decisions on these messages. ...

is it advisable to enter this share at these levels? will it reach 75/80 levels once again??... advise please.. ...

Printed from Economic Times Dalmias reappointed GHCL directors 13 Sep, 2008, 0009 hrs IST, ET Bureau NEW DELHI: GHCL shareholders on Friday voted in favour of reappointment of the directors including company chairman Sanjay Dalmia and his nephew Neelabh during the company’s annual general meeting(AGM). This quells market reports regarding a management control struggle between the co-promoters Sanjay and Anurag Dalmia. Some shareholders of the company had nominated their candidates to contest the elections against Sanjay and Neelabh Dalmia who is the son of Anurag Dalmia. Though it was speculated that the co-promoters have put up candidates against each other through shareholders acting on their behalf, this was denied by the promoters who maintained that there was no dissent within the family. GHCL chairman Sanjay Dalmia, said, “All resolutions were passed at the AGM including the reappointment of directors, dividend payment and adoption of balance sheet with overwhelming majority ranging from 83% to 100%.” Diversified firm GHCL is engaged in soda ash, home textile manufacturing and retailing business. Meanwhile, Delhi-based investor Pramod Jain has increased his stake in GHCL to 10.13%. One of the investment arms under his firm Pranidhi Ventures has picked an additional 0.7% on Monday, September 8, as per disclosure made to the stock exchanges. The promoters hold more than 40% in GHCL. ...