What does VHCL Industries Limited do?

VHCL Industries Limited operates in the industrials sector, with activities spanning metals and polymers recycling as well as wind power generation. It is headquartered in Valsad, Gujarat and was incorporated in 1991 under the Registrar of Companies, Daman & Nagar Haveli.

Is VHCL Industries Limited financially active?

VHCL Industries Limited has a current share price of ₹0.01, which is characteristic of a penny stock or near-dormant company. This extremely low valuation suggests the company may have very limited or no current business operations, though it remains registered as a public limited company.

Who is the Registrar & Transfer Agent of VHCL Industries?

VHCL Industries Limited uses Link Intime India Pvt. Ltd. as its Registrar & Transfer Agent, which is one of India's leading RTA firms serving numerous listed and unlisted companies.

When was VHCL Industries Limited incorporated?

VHCL Industries Limited was incorporated in 1991. Its CIN is L27200DN1991PLC000449, indicating registration under the Registrar of Companies, Daman & Nagar Haveli.

How do I buy VHCL Industries unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for VHCL Industries?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell VHCL Industries shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

VHCL Industries Unlisted Share Price | Buy VHCL Industries Pre-IPO Shares — wisefolio

Investment Thesis

Dadra & Nagar Haveli-based plastics/polymer reprocessor and metal recycler (est. 1991) promoted by the H.C. Valia Group (via API Industries Pvt Ltd, 16.62% stake). Peaked at ~₹111 Cr revenue before losses mounted and revenue collapsed 88.87% in FY2016. Under liquidation with only 2 skeleton employees remaining. BSE-listed (522233) at penny-stock price of ₹0.47. No filings since FY2016. Effectively defunct — avoid entirely.

Pros

BSE-listed (522233; ticker: VHCLINDUS) — historically price discovered
ISO 9000, 14000 and 18000 certified — quality systems in place pre-liquidation

Cons

Under Liquidation — last AGM September 2016; no filings since FY2016
Revenue collapsed 88.87% in FY2016; only 2 skeleton employees remaining (2024)
Share price ₹0.47 — penny stock; market cap ~₹12.1 Cr (likely illusory)
H.C. Valia group promoter holds only 16.62% — minimal promoter commitment

Business Segments

Reprocessed plastic granules and polymer manufacturing (NIC 27200)

Metal recycling — cast iron, nickel scraps, ores, dross, re-melted ingots

Welding consumables — fluxes, electrodes, wires

NOTE: Under Liquidation — all operations effectively ceased since 2016

Revenue Model

Revenue potentially generated from metals and polymers recycling operations and wind power generation/sale. Given the share price of ₹0.01, current revenue generation appears minimal or non-existent.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds6

Growth Plans

India's push toward renewable energy could theoretically benefit the wind power segment if operations are revived

Growing metals recycling industry in India due to sustainability regulations

Industry Tailwinds

India's push toward renewable energy could theoretically benefit the wind power segment if operations are revived

Growing metals recycling industry in India due to sustainability regulations

Recent Developments

Under Liquidation; last meaningful financial data FY2016

Only 2 skeleton employees as of April 2024

BSE share price ₹0.47 — penny stock; no operational news since 2016

Comparable Companies

CompanyTypeTickerMkt Cap

Tata PowerPE: 35xxListedTATAPOWER120000 Cr

Hindalco IndustriesPE: 15xxListedHINDALCO130000 Cr

Tata PowerListed

TATAPOWER · 120000 Cr

PE: 35xx

Hindalco IndustriesListed

HINDALCO · 130000 Cr

Frequently Asked Questions

About VHCL Industries

VHCL Industries Limited is a Gujarat-based public limited company incorporated on July 19, 1991, registered under CIN L27200DN1991PLC000449 with the Registrar of Companies, Ahmedabad. The company operated across multiple industrial segments including reprocessed plastic granules manufacturing, recycling of ferrous and non-ferrous metals, polymer manufacturing, and wind power generation. Over the course of its operational history, VHCL Industries engaged in manufacturing basic precious and non-ferrous metals, polymers, and also participated in renewable energy through wind power generation. Its registered office was in Valsad, Gujarat, and it operated manufacturing units in western India serving industrial customers requiring recycled materials and plastic inputs. However, VHCL Industries Limited is currently under liquidation. The company's last annual financial statements were filed for the year ended March 31, 2016, and it has not filed financial statements since. The authorized share capital stood at Rs. 52 crore with paid-up capital of Rs. 51.48 crore. Directors of the company included Pankajbhai Harilal Valia, Balgovind Mishra, and Manharbhai Purushottamdas Mehta. The company's entry into liquidation reflects operational and financial challenges that led to its winding up. Investors in VHCL Industries' unlisted shares should be aware that the company is currently undergoing liquidation proceedings, which makes recovery of invested capital uncertain. The unlisted shares of VHCL Industries carry significant risk given the company's current legal and financial status.

Key Milestones

19 July 1991 — Incorporated in Dadra & Nagar Haveli; H.C. Valia Group promoter

Common questions about unlisted shares

How do I buy VHCL Industries unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

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