Sarita Devi Agrawal, part of the promoter group of Godawari Power and Ispat Limited, has increased her stake in the company by converting warrants into equity shares. This acquisition involves 4,163,300 warrants, increasing her total shareholding from 1.05% to 1.62% of the enhanced paid-up share capital. The warrant conversion was completed on November 14, 2025.
Increased Promoter Holding
Sarita Devi Agrawal, a member of the promoter group of Godawari Power and Ispat Limited (GPIL), has acquired additional shares in the company by converting warrants previously issued to her. This move signals increased confidence from within the company’s leadership.
Details of the Acquisition
The acquisition involved the conversion of 4,163,300 warrants into equity shares. Before the conversion, Mrs. Agrawal held 7,031,130 equity shares, representing approximately 1.05% of the existing paid-up share capital. Following the full conversion of the warrants, her total holding increased to 11,194,430 equity shares, which now represents about 1.62% of the enhanced paid-up share capital.
Impact on Share Capital
The warrant conversion impacts the company’s share capital. The equity share capital before the acquisition was 66,96,16,728. After the conversion of warrants, the total diluted share/voting-capital of the company stands at 69,00,24,948.
Transaction Date
The date of allotment of shares following the warrant conversion was November 14, 2025. The mode of acquisition was through preferential allotment.
Source: BSE