Narayan Prasad Agrawal, a promoter of Godawari Power and Ispat Limited, has acquired 1,99,11,155 equity shares, representing 2.95% of the company’s paid-up capital. This acquisition occurred on August 17, 2026, via transmission from the late Mrs. Madhu Agrawal. This transaction falls under an exemption from open offer requirements due to its nature as a transmission. The consolidated shareholding of the promoter group remains unchanged.
Promoter Acquires Significant Stake
In a recent disclosure, Narayan Prasad Agrawal, identified as a promoter of Godawari Power and Ispat Limited, has officially acquired 1,99,11,155 equity shares. These shares represent 2.95% of the company’s total paid-up equity share capital, with each share having a face value of Re. 1/-. The acquisition took place on August 17, 2026.
Transmission as Basis for Acquisition
The acquisition was executed through the process of transmission from the late Mrs. Madhu Agrawal, a member of the promoter group. This specific method of acquisition is explicitly exempted from the open offer requirements under Regulation 10(1)(g) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which covers acquisitions by way of transmission, succession, or inheritance. Consequently, no open offer obligation is triggered for this transaction.
Shareholding Structure Impact
Following this transmission, the consolidated total shareholding of the promoter and the promoter group in Godawari Power and Ispat Limited remains unchanged. The total paid-up capital of the company as of August 17, 2026, was 6,73,097,430 equity shares. The disclosure has been made in compliance with Regulation 10(6) of the SEBI SAST Regulations, 2011.
Source: BSE
