The board of Directors of Mehta Group Companies, Gujarat Sidhee Cement Limited and Saurashtra Cement Limited has decided to merge a promoter holding company of respective companies. Both schemes are twins in all aspects and hence discussed together.
Gujarat Sidhee Cement Limited (GSCL) is a Mehta Group Company involved in the manufacturing of Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC) types of cement and clinker. The Company markets cement under the brand name “Sidhee”. The company is listed on BSE Limited & NSE Limited.
Saurashtra Cement Limited (SCL) is a Mehta Group Company involved in the manufacturing of Portland Pozzolana Cement (PPC), Ordinary Portland Cement (OPC) types of cement and clinker. The Company markets cement under the brand name “Hathi”. The company is listed on BSE Limited.
Bhadra Textiles and Trading Private Limited (“Bhadra Textiles”) is a promoter group company holding 55.82% stake in GSCL.
Villa Trading Company Private Limited (“Villa Trading”) is a wholly-owned subsidiary of GSCL. Further, Villa Trading also holds 19.63% stake in SCL.
Parsec Enterprises Private Limited (“Parsec”) is a promoter group company holding 19.46% stake in SCL.
Bhadra Textiles, Villa Trading and Parsec don’t have any significant assets except for the stake in the companies mentioned.
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