Gujarat Alkalies and Chemicals Limited — Important, 28-02-2025: General Updates

Gujarat Alkalies and Chemicals Limited has participated in the rights issue of Vadodara Jal Sanchay Private Limited, contributing ₹3.60 Crores for a 15% equity shareholding in the joint venture. This investment aims to fund the Tertiary Treatment of Waste Water (TTWW) project, aligning with the company's environmental, social, and governance (ESG) commitments. The company acquired 36,00,000 equity shares, priced at ₹10 each, and will maintain its 15% stake through future capital contributions as needed. The venture seeks to strengthen Gujarat Alkalies' sustainability initiatives while enhancing water treatment capabilities. Investors should monitor this strategic move as it reflects the company's commitment to sustainability and could potentially yield long-term benefits.