Company Profile

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, GOCL Corporation has informed that it enclosed summary of proceedings of the 62nd Annual General Meeting (AGM) of the Company held on Thursday the 21st of September 2023 at 12:00 noon (IST) through video conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting got concluded at about 01:23 pm.

GOCL Corporation has inked an initial pact with Hyderabad-based Squarespace Builders to initiate the strategic monetization of approximately 264.50 acres of prime land located in Kukatpally for Rs 3,402 crore.

Additionally, the agreement includes the development of 32 acres of land under a Joint Development Agreement (JDA), in collaboration with Hinduja Estates, now known as Hinduja Healthcare (HHL). It has commenced the immediate sale of 12.50 acres of the 32 acres under the JDA. 

As the first tranche, the company will receive a payment of Rs 520 crore, of which Rs 160 crore will be the consideration for the sale of 12.50 acres. The remaining funds will be disbursed to the company in phases through subsequent transactions in the future. 

GOCL Corporation is engaged in manufacturing industrial explosives, mining products, lubricants, speciality oils and chemicals, active pharma ingredients (bulk drugs) and pharma formulations.

GOCL Corporation is currently trading at Rs. 424.30, up by 46.50 points or 12.31% from its previous closing of Rs. 377.80 on the BSE.

The scrip opened at Rs. 453.35 and has touched a high and low of Rs. 453.35 and Rs. 407.95 respectively. So far 306245 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 640.00 on 27-Oct-2023 and a 52 week low of Rs. 284.80 on 29-Mar-2023.

Last one week high and low of the scrip stood at Rs. 453.35 and Rs. 373.05 respectively. The current market cap of the company is Rs. 2111.04 crore.

The promoters holding in the company stood at 73.83%, while Institutions and Non-Institutions held 3.06% and 23.10% respectively.

GOCL Corporation has inked an initial pact with Hyderabad-based Squarespace Builders to initiate the strategic monetization of approximately 264.50 acres of prime land located in Kukatpally for Rs 3,402 crore.

Additionally, the agreement includes the development of 32 acres of land under a Joint Development Agreement (JDA), in collaboration with Hinduja Estates, now known as Hinduja Healthcare (HHL). It has commenced the immediate sale of 12.50 acres of the 32 acres under the JDA. 

As the first tranche, the company will receive a payment of Rs 520 crore, of which Rs 160 crore will be the consideration for the sale of 12.50 acres. The remaining funds will be disbursed to the company in phases through subsequent transactions in the future. 

GOCL Corporation is engaged in manufacturing industrial explosives, mining products, lubricants, speciality oils and chemicals, active pharma ingredients (bulk drugs) and pharma formulations.

Pursuant to Regulation 29, 33 and other applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, GOCL Corporation has informed that a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, 13th February 2024, to consider and approve the un-audited financial results of the Company for the quarter ended 31st December, 2023. Further, in terms of SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018, trading window for dealing in the shares of the Company by its Designated Persons and their Immediate Relatives as defined under the said Regulations, stands closed from 1st January 2024 to 15th February 2024.

The above information is a part of company’s filings submitted to BSE.

Pursuant to Regulation 39(3) of the SEBI (LODR) Regulations, 2015, GOCL Corporation has informed that the Company has received intimation of loss of the share certificate with a request to issue letter of confirmation in lieu of duplicate certificate, as per the details are enclosed.