The Board of Directors of Godawari Power & Ispat Limited has approved the issuance of up to 2,04,08,220 warrants at a price of ₹245 per warrant. Each warrant is convertible into one fully paid-up equity share. The issuance aims to raise up to ₹500,00,13,900 through a preferential issue to promoters and other identified non-promoters. An Extraordinary General Meeting will be convened on October 15, 2025, to seek shareholder approval.
Warrant Issuance Approved
Godawari Power and Ispat Limited’s Board has approved the issuance of up to 2,04,08,220 warrants. These warrants will be offered at a price of ₹245 each. The decision was made during a board meeting held on September 18, 2025.
Details of the Warrant Issue
Each warrant can be converted into one fully paid-up equity share of the company. The face value of each share is ₹1. The preferential issue aims to raise up to ₹5,00,00,13,900.
The warrants are being offered to promoters, members of the promoter group, and other identified non-promoters.
Extraordinary General Meeting
The company will convene an Extraordinary General Meeting (EGM) on October 15, 2025, at 11:30 A.M to seek shareholder approval for the warrant issuance. The meeting will be held through video conferencing or other audio-visual means.
Shareholding Details
Here’s a summary of the shareholding changes 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%
- Shree Nakoda Pipes Impex Private Limited: Pre-issue: 0%, Post-issue: 0.30%
- Meridian Realtech Private Limited: Pre-issue: 0%, Post-issue: 1.18%
Overall, the Promoter and Promoter Group will hold 63.05% of the company post-issuance, while the Public will hold 36.95%.
Important Dates
- Board Meeting Approval: September 18, 2025
- Extraordinary General Meeting: October 15, 2025
Warrant Conversion
The warrants can be converted into equity shares within a period of 18 months from the date of allotment.
Source: BSE
