Hanuman Prasad Agrawal, representing the promoter group of Godawari Power and Ispat Limited (GPIL), has increased his stake in the company. 2,204,200 warrants were converted into equity shares, increasing his holding from 0.14% to 0.46% of the enhanced paid-up share capital. This move reflects the promoter’s confidence in the company’s future prospects.
Promoter Group Acquisition
Hanuman Prasad Agrawal (Karta of HP Agrawal HUF), a member of the Promoter Group of Godawari Power and Ispat Limited (GPIL), has acquired additional shares in the company through the conversion of warrants. According to the announcement released November 18, 2025, 2,204,200 warrants were allotted to Mr. Agrawal.
Shareholding Increase
As a result of the warrant conversion, Mr. Agrawal’s shareholding in GPIL has increased. Prior to the conversion, he held 948,105 equity shares, representing 0.14% of the existing paid-up share capital. Following the conversion, his total holding has risen to 3,152,305 equity shares, which constitutes approximately 0.46% of the enhanced paid-up share capital.
Details of Acquisition
The following table summarizes the changes in shareholding:
| Particulars | Before Acquisition | After Acquisition |
|---|---|---|
| Shares Carrying Voting Rights | 948,105 | 948,105 |
| Warrants | NA | 2,204,200 |
| Total Shares (assuming full conversion) | NA | 31,52,305 |
| % of Enhanced Paid-up Share Capital | 0.14% | 0.46% |
The date of allotment of shares upon warrant conversion is November 14, 2025. The equity share capital before the acquisition was 66,96,16,728 and after the acquisition (and assuming full conversion) is 69,00,24,948.
Source: BSE