Gujarat Alkalies and Chemicals Ltd
The Company has paid total consideration of Rs.32,32,97,915/- towards further acquisition, to maintain 26% Shareholding in Cleanmax Sphere Energy Private Limited today i.e. on 11.06.2026. ....
M&A
● No Immediate Change
MEDIUM RISK
📅 Filed on BSE: 11 Jun 2026, 04:22 PM IST · BSE ID: 53804f6e-4312-45e8-b859-b73ecc5e3673
View Original BSE Filing (PDF)
💡
In Simple Terms
The company invested Rs. 32,32,97,915/- to maintain its 26% stake in a renewable energy project for its own power needs.
🤖 AI Summary
- Gujarat Alkalies and Chemicals Ltd paid Rs. 32,32,97,915/- for further acquisition in Cleanmax Sphere Energy Private Limited.
- The payment maintains GACL's 26% shareholding in the Special Purpose Vehicle (SPV).
- The SPV is setting up a 75.9 MW Renewable Hybrid Power Project for 100% captive use by GACL.
- GACL acquired 15,77,063 equity shares at Rs. 205 per share (Rs. 10 face value + Rs. 195 premium).
- Cleanmax Sphere Energy Private Limited was incorporated on 12/06/2020 and has not yet commenced business operations.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Total Consideration Paid
Rs. 32,32,97,915/-
Shareholding Maintained
26%
Equity Shares Acquired
15,77,063 equity shares
Cost Per Share
Rs. 205 per Share
🏢 How This Affects the Company
This investment secures a dedicated 75.9 MW Renewable Hybrid Power Project, ensuring 100% captive use of renewable energy for GACL's operations once the SPV commences business.
The company utilized Rs. 32,32,97,915/- in cash for this acquisition, impacting its cash reserves. It also indicates an ongoing commitment to subscribe to further capital to maintain its 26% equity share.
The acquisition contributes to establishing a captive renewable power source, which will integrate into GACL's energy supply chain and reduce reliance on external power grids once operational.
The SPV, Cleanmax Sphere Energy Private Limited, is yet to commence business operations, indicating development and operational risks associated with a new project.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this filing.
👤
Who Is Affected
Existing shareholders are indirectly affected as company cash reserves are utilized for this further acquisition, contributing to a future captive power source.
🔍
Management Signal
This decision signals management's intent to secure long-term captive renewable energy sources for its operations and continued investment in the project.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Further updates on Cleanmax Sphere Energy project completion and commissioning.
GACL's future financial results for impact of ongoing capital contributions.
Announcements regarding Cleanmax Sphere Energy commencing business operations.
MEDIUM RISK
The SPV is not yet operational, introducing execution and timeline risks for the renewable power project.
💡 Investor Takeaway
Gujarat Alkalies and Chemicals Ltd paid Rs. 32,32,97,915/- to maintain its 26% shareholding in Cleanmax Sphere Energy Private Limited on 11.06.2026. This is for a 75.9 MW Renewable Hybrid Power Project for 100% captive use. The SPV is yet to commence business operations.
⚖️ Strengths & Concerns
✅ Positives
- Secures 100% captive use of a 75.9 MW Renewable Hybrid Power Project, enhancing energy independence for GACL.
- Investment is in the Renewable Energy sector, aligning with promoting green technology as stated by the company.
⚠️ Concerns
- Cleanmax Sphere Energy Private Limited has not yet commenced business operations, indicating no immediate returns or operational benefits.
- The company will subscribe to further capital from time to time to maintain 26% equity, implying ongoing cash outflows.
❓ Frequently Asked Questions
What is the total consideration paid by Gujarat Alkalies and Chemicals Ltd for its stake in Cleanmax Sphere Energy Private Limited?
Gujarat Alkalies and Chemicals Ltd paid a total consideration of Rs. 32,32,97,915/- for further acquisition in Cleanmax Sphere Energy Private Limited.
What percentage of shareholding does Gujarat Alkalies and Chemicals Ltd maintain in Cleanmax Sphere Energy Private Limited?
Gujarat Alkalies and Chemicals Ltd maintains a 26% shareholding in Cleanmax Sphere Energy Private Limited after this acquisition.
What is the purpose of Cleanmax Sphere Energy Private Limited?
Cleanmax Sphere Energy Private Limited is a Special Purpose Vehicle (SPV) established for setting up a 75.9 MW Renewable Hybrid Power Project for 100% captive use by GACL.
Has Cleanmax Sphere Energy Private Limited started its business operations?
No, Cleanmax Sphere Energy Private Limited is yet to commence its business operations.
What was the cost of acquisition per share for Gujarat Alkalies and Chemicals Ltd?
The cost of acquisition was Rs. 205 per Share, consisting of a face value of Rs. 10 and a premium of Rs. 195.
Questions based on this BSE filing only. For information purposes.