About GHCL Limited

GHCL Limited, incorporated in 1983, is an Indian chemicals company headquartered at GHCL House, Navrangpura, Ahmedabad, with a corporate office in Noida, Uttar Pradesh, focused primarily on Soda Ash and related chemical products as part of its integrated operations as presented in its Integrated Annual Report 2024–25 for the year ended March 31, 2025. The company reports no change in nature of business in FY 2024–25 and highlights advancing a greenfield Soda Ash project in Kutch, Gujarat, alongside upcoming commissioning of Vacuum Salt and Bromine projects to strengthen its portfolio and growth trajectory. GHCL currently has no operational subsidiaries in India; its Indian subsidiary Rosebys Interiors India Limited remains under liquidation since July 15, 2014, while Dan River Properties LLC (USA) is a wholly owned foreign subsidiary consolidated based on unaudited management accounts; the group’s consolidated equity as of March 31, 2025, was Rs 3,488.84 crore with gearing ratio 7.26. The Board convened six meetings in FY 2024–25 and continues to emphasize integrated reporting, governance, and risk management across its operations and strategy.

GHCL Limited Business Segment

• The company’s core operating segment is chemicals with a principal focus on Soda Ash, with linked initiatives in Vacuum Salt and Bromine to expand product offerings;
  

GHCL Limited Key Management

• Ravi Shanker Jalan — Managing Director; retiring by rotation and recommended for re-appointment.

• Raman Chopra — CFO and Executive Director (Finance).

• Bhuwneshwar Mishra — Vice President – Sustainability and Company Secretary.

• Neelabh Dalmia — Executive Director (Growth & Diversification Projects); re-appointed for 5 years effective February 1, 2025.

• Dr. Manoj Vaish — Independent Director; Lead Independent Director re-appointed on August 1, 2024; Chairman, Audit & Compliance Committee.

• Anurag Dalmia — Non-Executive Chairman; chairs the CSR Committee.

Latest Updates on GHCL Limited

• Greenfield Soda Ash project in Kutch progressing with environmental clearance obtained; project advancing steadily.

• Upcoming commissioning of Vacuum Salt and Bromine projects to enhance growth and portfolio breadth.

• Lead Independent Director role: Dr. Manoj Vaish re-appointed effective August 1, 2024, to reinforce independent oversight and board effectiveness.

• Board activity: six board meetings in FY 2024–25 aligned to strategic oversight and governance norms under Companies Act and SEBI LODR.

• Corporate structure: No operational subsidiaries; RIIL under liquidation since July 15, 2014; Dan River Properties LLC remains a 100 percent WOS in the USA with turnover of Rs 0.65 crore and PAT of Rs 0.56 crore in FY 2024–25 (exchange rate 1 USD = Rs 85.48).

• Governance and assurance: BRSR Core voluntarily subjected to limited assurance; sustained compliance with Corporate Governance requirements; secretarial audit unqualified for FY 2024–25.

• Financial posture: Consolidated equity Rs 3,488.84 crore; net debt Rs 273.20 crore; gearing ratio 7.26 as on March 31, 2025.

Litigation update: HT Media Limited IBC matter dismissed by NCLT; appeal pending before NCLAT with submissions completed.