Godawari Power & Ispat has issued a clarification regarding the percentages of promoter and non-promoter group allottees in its upcoming preferential issue. The clarification addresses a potential contradiction in the notice of the general meeting, specifically regarding the holdings of promoter and non-promoter groups after the issue. The company confirms that 63.05% refers to the promoters and promoter group including allottees, and 1.54% refers to Non-promoter group allottees.
Clarification on Shareholding Post-Issue
Godawari Power & Ispat (GPIL) has released a clarification concerning the shareholding percentages related to its upcoming preferential issue of warrants. This addresses questions raised about potential inconsistencies in the notice for the Extraordinary General Meeting (EGM).
Promoter vs. Non-Promoter Allotment
The company explicitly stated that the figure of 63.05% refers to the total post-preferential issue percentage of shares held by the promoters and the promoter group, specifically including those allottees within the promoter group who will receive shares in the preferential issue.
Non-Promoter Group Allottees
In contrast, the 1.54% figure mentioned pertains solely to the Non-promoter group allottees after the preferential issue. These percentages refer to the post preferential issue holdings.
Impact on Control
GPIL reaffirms that this preferential issue will not result in any change in control of the Issuer/Company. Further details on allottee percentages can be found in Point No. viii and xii of the EGM notice.
Source: BSE
