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April 26, 2015 10:19 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of GSL Nova Petrochemicals Limited

Company Overview

GSL Nova Petrochemicals Limited engages in the trading of cloth in India. The company was formerly known as Nova Petrochemicals Limited. GSL Nova Petrochemicals Limited was incorporated in 1993 and is based in Ahmedabad, India.

Survey No. 396/403

Sarkhej-Bavla Highway

Moraiya Village

Tal. Sanand

Ahmedabad,  382210

India

Founded in 1993

Phone:

91 27 1725 0550

Fax:

91 27 1725 0555

Key Executives for GSL Nova Petrochemicals Limited

Managing Director, Director, Chairman of Shareholders Transfer & Grievances Committee and Member of Audit Committee
Age: 57
Compensation as of Fiscal Year 2014.

GSL Nova Petrochemicals Limited Key Developments

GSL Nova Petrochemicals Ltd Appoints Meenu Maheshwari as Woman Director

GSL Nova Petrochemicals Ltd. has informed that Ms. Meenu Maheshwari appointed as Woman Director as per clause 49 (II) (A) (1) of the Listing Agreement.

GSL Nova Petrochemicals Ltd Approves To Voluntarily Delist Equity Shares From National Stock Exchange Of India Limited

GSL Nova Petrochemicals Ltd has informed BSE that the Board of Directors pursuant to Regulation 7(1)(a) of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 approved by a resolution passed in its meeting held on February 14, 2015 to delist the equity shares of the company voluntarily from the National Stock Exchange of India Limited under Regulation 6(a) of said Regulation without giving exit opportunity to public shareholders as the equity shares of the company would remain listed on recognized Stock Exchange which has nationwide trading terminals.

GSL Nova Petrochemicals Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014

GSL Nova Petrochemicals Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported total income from operations (net) of INR 0.00 million compared to INR 0.030 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 10.134 million compared to INR 11.107 million a year ago. Loss from ordinary activities before tax was INR 35.764 million compared to INR 34.318 million a year ago. Net loss from ordinary activities after taxes, minority interest and share of loss of associates was INR 35.764 million compared to INR 34.318 million a year ago. Basic and diluted earnings per share were INR 1.32 compared to INR 1.27 a year ago. For the nine months, the company reported total income from operations (net) of INR 13.768 million compared to INR 0.748 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 33.902 million compared to INR 36.190 million a year ago. Loss from ordinary activities before tax was INR 102.490 million compared to INR 103.268 million a year ago. Net loss from ordinary activities after taxes, minority interest and share of loss of associates was INR 102.490 million compared to INR 103.268 million a year ago. Basic and diluted earnings per share were INR 3.80 compared to INR 3.82 a year ago.

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