GHCL Limited Recommends Dividend for the Financial Year Ended March 31, 2023, Payable on or After July 1, 2023
April 29, 2023 at 10:10 am
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GHCL Limited announced that the Board of Directors in their just concluded meeting held on April 29, 2023, recommended a regular dividend of INR 17.5 per share of INR 10 each (175% on the paid up equity capital) for the financial year ended March 31, 2023. Dividend will be paid on or after July 1, 2023, if approved by the members in the upcoming Annual General Meeting.
GHCL Limited is an India-based producer of anhydrous sodium carbonate (soda ash). The Company manufactures soda ash, a raw chemical for detergents, glass and ceramic industries, and sodium bicarbonate (baking soda). In addition, the Company also manufactures refined baking soda, which is a raw material for industries like bakery, pharma, fire extinguisher manufacturing and cleaning agents. Its soda ash finds application in a variety of consumer products ranging, such as soap, detergents, glass and others. Its soda ash is advertised under the brand name LION and comes in two grades: Light and Dense. The Companyâs soda ash manufacturing unit is based at Sutrapada, Gujarat with installed capacity of approximately 12,00,000 megatons per annum (MTPA). In addition, the plant produces 70,000 MTPA of refined baking soda. The Company operates through a single segment, Inorganic chemicals, which includes manufacture of soda ash.