Gujarat Alkalies promoter confirms no share encumbrance in FY 2025-26

The Government of Gujarat, acting as the promoter of Gujarat Alkalies and Chemicals Limited , has confirmed that it did not encumber any equity shares held in the company during the Financial Year 2025-26. This disclosure, addressed to BSE Limited and National Stock Exchange of India Limited, was submitted in compliance with Regulations 31(4) and 31(5) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.

The confirmation ensures transparency regarding the holding status of the promoter's stake, stating that no shares were encumbered directly or indirectly by the promoter during the specified financial year. The communication was formally submitted by Ashish Vala, Joint Secretary of the Energy and Petrochemicals Department, Government of Gujarat.

Regulatory Compliance

The disclosure was made under the specific provisions of the SEBI takeover regulations to inform the stock exchanges about the promoter's shareholding activities. The letter was also copied to the Audit Committee of Gujarat Alkalies and Chemicals Limited, located at P.O. Petrochemicals, Vadodara, Gujarat.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.05%	+3.37%	-6.46%	+27.54%	+9.85%	+57.81%

Gujarat Alkalies & Chemicals Limited has invested ₹32.33 Cr to maintain its 26% shareholding in Cleanmax Sphere Energy Private Limited, a Special Purpose Vehicle (SPV) established for a 75.9 MW renewable hybrid power project. The investment was made through a rights issue by way of equity share capital contribution, with the total consideration paid on June 11, 2026. The shares will be allotted to the company's demat account in due course. This strategic move ensures the company retains its stake in the SPV, which is developing a renewable energy facility for 100% captive use by Gujarat Alkalies & Chemicals Limited.

The acquisition involved the purchase of 15,77,063 equity shares at a price of ₹205 per share, comprising a face value of ₹10 and a premium of ₹195. Cleanmax Sphere Energy Private Limited, incorporated on June 12, 2020, operates in the renewable energy sector and has not yet commenced business operations. The transaction does not constitute a related party transaction, and no specific governmental or regulatory approvals were required for the acquisition. The company may subscribe to further capital of the SPV in the future to maintain its 26% equity shareholding.

Investment Details

Particulars	Details
Target Entity	Cleanmax Sphere Energy Private Limited
Shareholding Acquired	26%
Shares Acquired	15,77,063 equity shares
Cost per Share	₹205 (Face value ₹10 + Premium ₹195)
Total Consideration	₹32,32,97,915
Project Capacity	75.9 MW
Purpose	100% captive use by Gujarat Alkalies & Chemicals Limited

The SPV is yet to generate turnover as it is in the pre-operational stage. The investment aligns with the company's objective of securing renewable energy for its captive consumption, reducing reliance on external power sources. The transaction was disclosed under Regulation 30(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.