GHCL Limited Recommends Final Dividend for the Financial Year Ended March 31, 2018, Payable on or After June 4, 2018; Approves Appointment of Anurag Dalmia as Non-Executive Vice Chairman
April 25, 2018 at 04:58 am EDT
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GHCL Limited announced that the Board of Directors at its meeting have recommended final dividend of INR 5.00 per share (i.e. 50% on paid up capital) for the financial year ended March 31, 2018. Dividend will be paid on or after June 4, 2018. if approved by the members in the up coming annual general meeting.
The company also approved the appointment of Mr. Anurag Dalmia as Non-executive Vice Chairman.
GHCL Limited is an India-based chemical company. The Company is engaged in the manufacturing of anhydrous sodium carbonate (soda ash) that is a raw material for detergents and glass industries and sodium bicarbonate (baking soda). Its divisions include chemicals division, consumer products division and trading division. In chemicals division, the Company offers soda ash in two categories: light soda ash and dense soda ash. It also produces sodium bicarbonate, and these products are marketed in India under the brand name LION. The consumer product division markets edible salt and crystal salt under the brand name i-Flo & Sapan. The trading division offers a variety of chemicals to industrial and consumer markets from global chemical producers. The Company, through its subsidiary, GHCL Textiles Limited, produces 100% cotton and synthetic yarns. It has a capacity of approximately 225000 ring spindles, 3320 rotors, 480 vortex positions and 5760 two-for-one (TFO) spindles.
GHCL Limited Recommends Final Dividend for the Financial Year Ended March 31, 2018, Payable on or After June 4, 2018; Approves Appointment of Anurag Dalmia as Non-Executive Vice Chairman