Chemical Stock Coming With Rs 15.80 Dividend, Record Date Fixed In September; Buy Gujarat Alkalies?

Subject to shareholder approval, Gujarat Alkalies and Chemicals Limited (GACL), a prominent chemical company in India, has declared a record date of 158% for the financial year 2024-2025. GACL is a significant manufacturer of hydrogen peroxide, caustic soda, chlorine, and chloromethanes, with sizable operations in Vadodara and Dahej.

Gujarat Alkalies Dividend

"We are pleased to inform you that the Board of Directors of the Company, at its meeting held on 16.05.2025, recommended a Dividend of Rs. 15.80/- per Equity Share of Rs. 10/each (158%) for the Financial Year 2024-25 subject to the approval of shareholders. The said dividend will be payable to those shareholders whose names appear in the Register of Members of the Company on the Record Date/ Book Closure Date," said Gujarat Alkalies in a stock exchange filing.

Gujarat Alkalies Dividend Record Date

"We would like to inform you that the 52nd Annual General Meeting (AGM) of the Shareholders of the Company will be held on Friday, the 26th September, 2025 through Video Conference (VC) / Other Audio Visual Means (OAVM) in accordance with the relevant Circulars issued by the Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI). The Record Date fixed for determining entitlement of Members to receive the dividend for the financial year ended March 31, 2025 is Friday, 19th September, 2025. The Dividend if approved by the Shareholders at the 52nd AGM shall be paid on or after Tuesday 30th September, 2025," Gujarat Alkalies confirmed in a regulatory filing.

Cut-off Date for e-Voting for 52nd AGM of Gujarat Alkalies

"The Company has fixed 19th September, 2025 as Cut-off date to enable the Shareholders to exercise their rights to vote by Electronic means (e-Voting) during eVoting period on all the Resolutions set forth in the Notice of 52nd Annual General Meeting (AGM) or to Vote during AGM scheduled to be held on Friday, the 26th September, 2025," Gujarat Alkalies informed stock exchanges.

Gujarat Alkalies Target Price

"Gujarat Alkalies is trading in a consolidation phase with crucial support near ₹550. Sustaining above this support zone could trigger a rebound toward ₹585-₹600 levels in the near term. Momentum indicators are neutral but hint at stability after recent declines. A decisive move above ₹600 would open room for further upside, while ₹540 should be kept as a strict stop-loss for traders," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

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