Company History - Gujarat Heavy Chemicals
YEAR EVENTS
1983 - The Company was incorporated on 14th October, & obtained the
Certificate of Commencement of business on 5th December. It
was
promoted in the joint sector by the Gujarat Industrial
Investment
Corporation, Ltd.(GIIC), GTC Industries Ltd. (formerly known
as
Golden Tobacco Co. Ltd.), Dalmia Dairy Industries Ltd., their
wholly owned subsidiaries and other investment Companies,
Indian
& NRI Associates.
- The company undertook to setup a plant for the manufacture of
1,200 tonnes per day of soda ash both light and dense
varieties.
1984 - On 9th January, the company entered into technical
collaboration
agreement with a consortium of Akzo Zout Chemie Netherland
and
Klockner Industries Anlagen, GmbH, W. Germany for supply of
technical knowhow, basic engineering package and supervision
of
erection and commissioning of the project.
- The Company retained the services of Humphreys & Glasgow
Consultants Pvt. Ltd., as the Indian Consultants to render
consultancy services for detailed engineering, procurement,
erection, supervision and assistance in commissioning.
1986 - 15 shares subscribed for by the signatories to the Memorandum
of
Association. 7,19,99,985 shares were then issued at par of
which
the following shares were reserved and allotted on a firm
basis:
- (i) 1,87,49,991 shares to GIIC;
- (ii) 129,99,994 shares to GTC Industries, Ltd. and Dalmia
Dairy
Industries, Ltd. (Co-promoters) and
- (iii) 50,00,000 shares to non-resident Indians on
repatriation
basis. Out of the remaining 3,52,50,000 shares, the
following
shares were reserved for preferential allotment:
- (i) 1,38,80,000 shares to non-resident Indians on
repatriation
basis (only 59,22,600 shares taken up);
- (ii) 36,00,000 shares to employees (including Indian working
directors)/workers of the Company and promoters/co-promoter
companies; (only 1,68,400 shares taken up);
- (iii) 18,70,000 shares to shareholders of co-promoter
companies
and associate company (none were taken up) and 15,00,000
shares
to farmers, agriculturists and co-operative societies and
rural
investors (only 11,18,900 shares taken up).
- The balance 1,44,00,000 shares along with the unsubscribed
portion of 1,36,40,100 shares out of the preferential quota,
were
offered for public subscription during August 1987.
1988 - The soda ash was marketed under the brand name GHCL Soda Ash.
1989 - Lime Kiln was installed in order to overcome the low activity
of
lime produced in the lime kiln.
2002
-Appoints Mr J P Mehrotra as the company secretary.
-Allots new shares pursuant to the amalgamation of Sree Meenakshi
Mills Ltd.
-Board approves the amalgamation of Icon Data Management Ltd with the
company.
-Appoints Mr D Rajgopalan as the Director on the Board, Mr Mahesh
Kheria is re-appointed as Alternate Director for Mr S H Ruparell.
2003
-Changes in the Management Structure:
Mr S K Mukherjee steps down as MD from the company.
Mr P Sampath and Mr R S Jalan, Executive Directors are redesignated
as the Sr. Executive Director
Mr Shyamsundar Vishwanath gives resgination as the director from the
Board.
-Appoints Mr Chaman Kumar as the Director of the company.
-Members approve the authorisation of delisting of equity shares from
Calcutta and Delhi Stock Exchanges.
- Gujarat Heavy Chemicals Ltd has informed that with effect from
November 21, 2003, the name of the Company has been changed from
'Gujarat Heavy Chemicals Limited' to 'GHCL Limited'.
2004
-Gujarat Heavy Chemicals Ltd has informed that pursuant to the
application made by the company for voluntary delisting of shares
from the Delhi Stock Exchange Association Ltd (DSE), the DSE has
confirmed that the equity shares of the company have been delisted
w.e.f. December 29, 2003.
2006
-GHCL picks up UK`s Rosebys for Rs 180 cr
2007
- Ghcl Limited has appointed Mr. Bhuwneshwar Mishra, as Company
Secretary of the Company with immediate efect.
2008
- GHCL to takeover soda ash cos in US, China.
- GHCL - FCCB - Secod Reset Price.
2009
- GHCL - Repurchase of FCCBs.
2010
- GHCL - Appointment of Additional Director.
- GHCL - Change in Directorship.
2011
- GHCL - Repurchase / buyback of Foreign Currency Convertible.
- GHCL Ltd - Change in Director(s).
2012
- GHCL - Change in Directorate.
- Promoted in joint sector by Dalmias and Gujarat Government In
India .
2013
- Company has submitted to BSE a copy of the details regarding
Employees Stock Option Scheme (ESOS) of the Company in the prescribed
format vide SEBI Circular dated January 17, 2013 read with Clause 35C
of the Listing Agreement.
- The Creditors Committee of SC GHCL Upsom SA, Romania, (GHCL Upsom)
in their meeting held on March 18, 2013 has decided to accept the
highest bid of Euros 6.00mn made by Aloref SRL in association with
Ascom International SRL.
- GHCL Employee Stock Option Trust has sold 5,00,000 (Five Lac)
equity shares of the Company on April 26, 2013 in open market.
- GHCL Employees Stock Option Trust has further sold 52,151 equity
shares of the Company in the open market in trenches between December
09, 2013 to December 20, 2013.
- GHCL Employees Stock Option Trust has further sold 13,312 equity
shares of the Company in the open market In trenches between December
23, 2013 to December 27, 2013.
2014
- GHCL Employees Stock Option Trust has further sold 14,339 equity
shares of the Company in the open market In trenches between December
30, 2013 to January 03, 2014.
- GHCL Employees Stock Option Trust has further sold 17,735 equity
shares of the Company in the open market in trenches between January
06, 2014 to January 13, 2014
- The Company has successfully won the case filed against the order
dated August 06, 2013 passed by Adjudicating Officer of SEBI which
the company went into an appeal before Honble Securities Appellate
Tribunal (SAT).
- GHCL Employees Stock Option Trust has further sold 14,339 equity
shares of the Company in the open market in trenches between December
30, 2013 to January 03, 2014.
2015
-GHCL Ltd. Indian England NV, a wholly owned subsidiary company in
Netherlands
2018
-GHCL bags Golden Peacock National Quality Award.
2019
-GHCL ranked among the best workplaces in India for the third year.
-GHCL Limited, ranked 82nd is a well-diversified group with
ascertained footprints in Chemicals, Textiles and Consumer Products
segments.
-GHCL has strengthened its position as an organization that
encourages its employees to focus on their priorities without
interruption fostering a culture of strategic and innovative
thinking.
2020
-GHCL - Intimation For Incorporation Of Wholly Owned Subsidiary Of
The Company (i.e. GHCL Textiles Limited) on June 17, 2020.
2021
-GHCL Ltd. signed a Memorandum of Understanding (MOU) with the
government of Tamil Nadu for investing Rs.500 Crores in the state.
-GHCL Limited launched REKOOP 2.0, an evolved and expanded
expression, which
comprises of a total of 12 innovative collections.
-GHCL has an integrated set up which commences right from spinning of
fiber (yarn), weaving, dyeing, printing till the finished products,
like sheets & duvets.
