Gujarat Alkalies & Chemicals Limited (GACL), a prominent chemical manufacturer, has disclosed a fire incident at one of its contract manufacturing facilities, potentially impacting its operations and inventory.

Fire Incident Details

The company reported that a fire broke out at Sanghvi Organics Private Limited (SOPL), located in Ankleshwar, Gujarat. SOPL serves as one of GACL's contract manufacturers, playing a crucial role in the company's production chain.

Extent of Damage

According to the company's statement, the fire has caused damage to GACL's raw materials and finished goods stored at the SOPL facility. The incident occurred on September 14, with the disclosure made to the stock exchanges on September 15.

Financial Impact Assessment

GACL is currently in the process of assessing the full extent of the damages. The company stated, "Details regarding the extent of the damages to our raw material / finished goods are being worked out." This assessment will be crucial in determining the financial impact of the incident on GACL's operations and inventory valuation.

Regulatory Compliance

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, GACL promptly informed the stock exchanges about this material event. This transparency ensures that investors and stakeholders are kept informed about significant developments that may affect the company's performance.

Potential Implications

While the full impact of the fire incident is yet to be quantified, it could potentially affect GACL's production capabilities and inventory levels in the short term. The loss of raw materials and finished goods may lead to temporary supply chain disruptions and could impact the company's financial performance for the relevant period.

Investors and stakeholders will likely be keeping a close watch on further updates from Gujarat Alkalies & Chemicals Limited regarding the detailed assessment of the damages and any potential impact on its operations or financial outlook.

The company's management is expected to provide more information once the extent of the damage is fully evaluated, which will give a clearer picture of the incident's impact on GACL's business operations.

Gujarat Alkalies & Chemicals Limited (GACL), a prominent player in the chemical industry, has announced a significant addition to its leadership team. The company has appointed Shri Vrajesh Parikh as Executive Director (Technical), effective September 4, 2025.

Extensive Industry Experience

Vrajesh Parikh brings a wealth of experience to his new role at GACL. With over 31 years in the chemicals industry, Parikh has developed expertise in both specialty and commodity chemicals. His diverse skill set encompasses process engineering, project execution, strategic planning, crisis management, technology transfer, and supplier management.

Educational Background

Parikh's educational qualifications align well with his new position. He holds a Bachelor's degree in Chemical Engineering from DDIT, Nadiad, Gujarat University. Additionally, he has completed a Post Graduate Diploma in Business Management from Bhartiya Vidya Bhavans, Vadodara, enhancing his technical knowledge with management skills.

Professional Journey

Throughout his career, Parikh has held positions at several renowned organizations in the chemical sector. His professional journey includes stints at:

• Grasim Industries Ltd
• Atul Ltd
• Gulbrandsen Pvt Ltd
• Dishman Pharmaceuticals Ltd
• Transpek Ltd

Most recently, Parikh served as Joint President in the Central Technical Cell at Grasim Industries Ltd, further solidifying his expertise in the field.

Key Competencies

Parikh's experience spans various crucial areas in chemical manufacturing:

• Process engineering
• Execution of complex projects
• Strict compliance with safety and quality regulations
• Strategic planning and crisis management
• Technology transfer and adaptation
• Supplier management
• Operational excellence

His track record demonstrates a strong focus on profitability, customer-first approach, and maintaining high safety standards in chemical manufacturing operations.

Appointment Details

GACL officially announced Parikh's appointment through a disclosure to the stock exchanges, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's board expressed confidence in Parikh's ability to contribute significantly to GACL's technical operations and overall growth strategy.

This strategic appointment underscores Gujarat Alkalies & Chemicals' commitment to strengthening its leadership team with industry veterans, potentially positioning the company for enhanced technical capabilities and operational efficiency in the competitive chemicals market.