Godawari Power & Ispat has issued a corrigendum to its board meeting outcome dated September 18, 2025, concerning the preferential issue of convertible warrants. The correction pertains to the spelling of certain investor names listed in Annexure A of the original announcement. This update ensures accuracy in investor details related to the fund-raising initiative.
Corrigendum to Board Outcome
Godawari Power & Ispat (GPIL) has released a corrigendum concerning its board meeting outcome from September 18, 2025. This update addresses inaccuracies in the spelling of investor names associated with the preferential issue of convertible warrants, as detailed in the initial announcement.
Investor Name Corrections
The corrigendum specifically revises the spelling of investor names in Annexure A of the original board meeting outcome. The following corrections have been made:
- Incorrect: Mrs Sarita Agrawal; Correct: Mrs Sarita Devi Agrawal
- Incorrect: Shree Nakoda Pipes Impex Private Limited; Correct: Shree Nakoda Pipe Impex Private Limited
- Incorrect: Meridian Realtech Private Limited; Correct: Meridien Realtech Private Limited
The company clarified that these were the only corrections required in the outcome, ensuring accurate records of the investors involved.
Details of Warrant Issuance
The original announcement detailed the proposed issuance of up to 2,04,08,220 warrants, convertible into equity shares, aiming to raise an aggregate amount of ₹500,00,13,900. Each warrant is convertible into one equity share and can be exercised within 18 months from the allotment date.
Shareholding Pattern
Post-allotment, assuming full conversion of warrants, the promoter and promoter group shareholding will be 63.05%, while the public shareholding will be 36.95%.
Source: BSE
