Tender Offer | ₹300.00 Crores | Listed at BSE, NSE | Thu, Nov 20, 2025 - Wed, Nov 26, 2025
Ghcl Ltd. Buyback is a tender offer for the repurchase of up to 0.41 crore equity shares, representing 4.32% of the total paid-up equity share capital at a buyback price of ₹725 per share with a face value of ₹10 per share, aggregating to ₹300.00 crores.
The record date for determining eligible shareholders is Nov 14, 2025. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Nov 20, 2025 and closes on Nov 26, 2025, with the last date for receipt of tender forms being Nov 28, 2025.
The finalisation of buyback acceptance is expected on Dec 1, 2025, followed by settlement of bids on Dec 2, 2025.
Systematix Corporate Services Ltd. is the Manager to the Buyback and MUFG Intime India Pvt.Ltd. is the Registrar and Systematix Shares and Stocks (India) Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Ghcl Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Thu, Nov 20, 2025
Offer Closing Date
Wed, Nov 26, 2025
Buyback Price
₹725 per share
Record Date
November 14, 2025
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 78 Equity Shares out of every 893 Fully paid-up Equity Shares held on the Record Date. | 6,20,690 |
| General Category for all other Eligible Shareholders | 9 Equity Shares out of every 181 Fully paid-up Equity Shares held on the Record Date. | 35,17,241 |
Ghcl Limited's revenue decreased by 7% and profit after tax (PAT) dropped by 21% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 4,185.39 | 3,769.56 | 5,133.41 |
| Total Income | 3,271.22 | 3,498.82 | 4,584.53 |
| Profit After Tax | 624.15 | 793.90 | 1,141.57 |
| NET Worth | 3,483.00 | 2,970.04 | 3,933.88 |
| Reserves and Surplus | 3,315.54 | 2,882.77 | 3,846.31 |
| Amount in ₹ Crore | |||
Incorporated on 14th October 1983, GHCL Limited is the largest producer of Soda Ash at a single location in the country. With four decades in the industry, the company is engaged in manufacturing Soda Ash (Anhydrous Sodium Carbonate), a primary raw material for the detergent and glass industries, as well as sodium bicarbonate (baking soda). Through a demerger, it has separated its spinning business into GHCL Textiles Limited.
GHCL is one of India's largest manufacturers of soda ash (anhydrous sodium carbonate) and sodium bicarbonate (baking soda). Soda Ash is produced in light and dense grades. It is a key raw material for the glass, detergents, pulp and paper, and textile industries. GHCL operates one of India's most extensive single-location soda ash manufacturing facilities in Sutrapada, Gujarat, with an annual capacity of 1.2 million tonnes. Sodium Bicarbonate, on the Other hand, is available in technical, animal feed, and food grades. It is used in various applications, including food products, pharmaceuticals, oral care, and fire extinguishers.
The company's spinning division (now a separate entity, GHCL Textiles Limited, as of April 1, 2023) manufactures and exports high-quality 100% cotton and blended yarns for apparel and home textile products.
GHCL plays a major role in India's domestic soda ash demand (approximately 25%) and ranks as the second-largest producer in the country.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2025 | 758.85 | 461.80 | 605.40 |
| Jan-2023 | 647.80 | 439.25 | 540.53 |
| Jan-2022 | 696.20 | 475.75 | 586.14 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2025 | 758.50 | 461.25 | 605.46 |
| Jan-2023 | 647.80 | 438.40 | 540.71 |
| Jan-2022 | 694.55 | 477.75 | 586.49 |
The Buyback is a capital allocation decision taken by the Company. The Buyback will help the Company to distribute a part of the surplus cash to its shareholders holding Equity Shares thereby, optimizing returns to the shareholders and enhancing the overall shareholders’ value in longer term and improving the return on equity and earnings per shares.
Ghcl Ltd.
GHCL House,
Opp Punjabi Hall,
Navrangpura
Ahmedabad, Gujarat, 380009
Lead Manager(s)
Registered Broker
The Ghcl Buyback 2025 opens on November 20, 2025, and closes on November 26, 2025.
Last date to be eligible to participate in buyback is November 13, 2025.
The Ghcl Buyback 2025 is a Tender Offer.
Ghcl Buyback 2025 Schedule
| Buyback Opening Date | November 20, 2025 |
| Buyback Closing Date | November 26, 2025 |
| Last Date for receipt of Tender Forms | November 28, 2025 |
| Finalisation of Buyback Acceptance | December 1, 2025 |
| Last Date for settlment of bids | December 2, 2025 |
| Last Date for Extinguishment of Shares | December 11, 2025 |
The Ghcl Buyback 2025 is being offered at Rs ₹725 per share.
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 78 Equity Shares out of every 893 Fully paid-up Equity Shares held on the Record Date. | 6,20,690 |
| General Category for all other Eligible Shareholders | 9 Equity Shares out of every 181 Fully paid-up Equity Shares held on the Record Date. | 35,17,241 |
The issue size of Ghcl Buyback 2025 is 41,37,931 equity shares at ₹725 per share aggregating up to ₹300.00 Crores.
The Buyback is a capital allocation decision taken by the Company. The Buyback will help the Company to distribute a part of the surplus cash to its shareholders holding Equity Shares thereby, optimizing returns to the shareholders and enhancing the overall shareholders’ value in longer term and improving the return on equity and earnings per shares.
All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.
The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.
The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.
The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.
The Ghcl Buyback 2025 offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
