Godawari Power and Ispat Limited has announced that its Board of Directors has approved the issuance of up to 2,04,08,220 fully convertible warrants at a price of Rs.245 per warrant. Each warrant is convertible into one fully paid-up equity share of the company of face value Re.1, with a premium of Rs.244 per share, aggregating approximately Rs.500 crore. The issue will be made via preferential allotment on private placement basis to promoters, promoter group members, and identified non-promoters.

Regulatory Compliance

The preferential issue will comply with Sections 42 and 62(1)(c) of the Companies Act, 2013, Companies (Prospectus and Allotment of Securities) Rules, 2014, Companies (Share Capital and Debentures) Rules, 2014, and SEBI ICDR Regulations, 2018. The issuance is also subject to shareholder approval at the upcoming Extraordinary General Meeting (EGM) and approvals from other applicable regulatory authorities.

Extraordinary General Meeting

The EGM will be held on Wednesday, October 15, 2025, at 11:30 AM through video conferencing or other audio-visual means. The notice for the meeting will be submitted to stock exchanges in accordance with SEBI Listing Regulations. Shareholders will be requested to approve the preferential issue of warrants at the EGM.

Details of Proposed Allottees

The proposed investors for the preferential issue include:

1. Mrs. Sarita Agrawal

2. Mr. Dinesh Agrawal

3. Mr. Kumar Agrawal

4. Hanuman Prasad Agrawal (HUF)

5. Mr. Sanjay Gupta

6. Shree Nakoda Pipes Impex Private Limited

7. Meridian Realtech Private Limited

Shareholding Impact

The pre- and post-allotment shareholding of the proposed allottees is as follows:

• Promoter and promoter group shareholding will adjust from 63.51% to 63.05% after full conversion.

• Public shareholding will increase from 36.49% to 36.95%.

The shareholding of individual allottees will increase according to the warrants allotted, with promoters and non-promoter investors receiving shares in line with the preferential issue structure.

Warrant Conversion

• Each warrant will be convertible into one equity share within 18 months from the date of allotment, exercisable in one or more tranches.

• Warrants not converted within the period will lapse, and the amount paid will be forfeited.

• There is no cancellation or termination proposed for this issuance.

Conclusion

This preferential issue aims to strengthen Godawari Power’s capital base, support growth initiatives, and provide an opportunity for identified investors and promoters to participate in the company’s expansion plans. The company remains compliant with SEBI regulations and seeks to ensure transparency and regulatory adherence throughout the process.

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