Dinesh Agrawal, a promoter of Godawari Power and Ispat Limited (GPIL), has increased his stake in the company through the conversion of warrants. 12,24,500 warrants were allotted, increasing his shareholding to 2,55,02,925 Equity Shares, representing 3.70% of the enhanced paid-up share capital. The warrant conversion occurred on November 14, 2025.
Promoter Stake Increase
Dinesh Agrawal, a promoter of Godawari Power and Ispat Limited (GPIL), has increased his stake in the company by converting warrants into equity shares.
Details of Warrant Allotment
The company allotted 12,24,500 warrants to Dinesh Agrawal. Consequently, his shareholding has increased from 2,42,78,425 Equity Shares (3.63% of the existing paid-up share capital) to 2,55,02,925 Equity Shares (3.70% of the enhanced paid-up share capital).
Impact on Share Capital
The allotment of these warrants impacts the company’s total equity. The enhanced paid-up share capital is 69,00,24,948 equity shares of Re. 1 each assuming full conversion of the warrants.
Date of Allotment
The date of the warrant allotment is November 14, 2025.
Pre and Post Acquisition
Prior to this acquisition, Dinesh Agrawal held 2,42,78,425 shares carrying voting rights, which accounted for 3.63%. Following the acquisition, his holding remains at 2,42,78,425 shares plus 12,24,500 warrants.
Source: BSE