Godawari Power and Ispat Limited (GPIL) has completed a third tranche of share transfers for Jammu Pigments Limited (JPL). On November 3, 2026, GPIL transferred 3,67,200 equity shares of JPL, realizing ₹10.95 Crores. This transaction further reduces GPIL’s stake in JPL from 38.27% to 36.38%, following earlier partial divestments.
Further Divestment in Jammu Pigments
Godawari Power and Ispat Limited (GPIL) has announced the completion of another phase in its partial divestment of equity shares in its associate company, Jammu Pigments Limited (JPL). This latest transaction, which occurred on November 3, 2026, involved the transfer of 3,67,200 equity shares of JPL to the respective buyers.
Financial Realization and Stake Reduction
The aforementioned share transfer of 3,67,200 equity shares of JPL has resulted in a consideration of ₹10.95 Crores received by GPIL. This marks a continuation of the company’s strategy to partially divest its stake in JPL. Following this transaction, GPIL’s equity holding in Jammu Pigments Limited has been further reduced, with its stake now standing at 36.38%, down from the previous 38.27%.
Background on Divestment
This development follows earlier disclosures regarding the partial divestment of GPIL’s stake in JPL. Prior communications detailed the outcome of a Board Meeting on July 24, 2026, pertaining to the divestment of 16,75,000 equity shares. Subsequent disclosures on July 29, 2026, and October 14, 2026, confirmed the transfer of 7,74,000 and 3,35,100 equity shares, respectively, at a fair value of ₹298.45 per share, aggregating to ₹49.99 Crores.
Source: BSE
