Godawari Power & Ispat (GPIL) has announced that its Board of Directors approved the issuance of up to 2,04,08,220 warrants at a price of ₹245 per warrant. Each warrant is convertible into one equity share. The preferential issue aims to raise up to ₹5,00,00,13,900 and will be offered to promoters, promoter group members, and identified non-promoters.
Warrant Issuance Approval
The Board of Directors of Godawari Power and Ispat Limited (GPIL) has approved the issuance of up to 2,04,08,220 warrants. This decision was made during a meeting held on September 18, 2025.
Details of the Warrant Issuance
The warrants will be issued at a price of ₹245 per warrant. Each warrant is convertible into one fully paid-up equity share of the company. The face value of each share is ₹1, with a premium of ₹244 per share. The total amount to be raised through this issuance is up to ₹5,00,00,13,900.
Preferential Allotment
The warrants will be issued on a preferential basis through private placement to the promoters and/or members of the promoter’s group, as well as other identified non-promoters. The issuance is subject to the approval of the shareholders at an Extraordinary General Meeting (EGM).
Extraordinary General Meeting
An Extraordinary General Meeting (EGM) is scheduled for October 15, 2025, at 11:30 A.M. The meeting will be conducted via video conferencing or other audio-visual means. The purpose of the EGM is to seek shareholder approval for the preferential issue.
Details of Shareholding
Here is how the shareholding will be structured before and after the preferential issue:
Mrs. Sarita Agrawal: Pre-Issue: 1.05% Post-Issue: 1.62%
Mr. Dinesh Agrawal: Pre-Issue: 3.63% Post-Issue: 3.70%
Mr. Kumar Agrawal: Pre-Issue: 3.31% Post-Issue: 3.54%
Hanuman Prasad Agrawal (HUF): Pre-Issue: 0.14% Post-Issue: 0.46%
Mr. Sanjay Gupta: Pre-Issue: 0.05% Post-Issue: 0.11%
The warrants can be converted into equity shares within 18 months from the date of allotment.
Source: BSE
