Godawari Power & Ispat has allotted 13,72,500 equity shares after the conversion of warrants. This follows a previous allotment of convertible warrants to promoters, promoter group members, and non-promoters. The warrant issue price was ₹245 per warrant, with ₹61.25 initially paid. The Stakeholders’ Relationship Committee approved the allotment on January 7, 2026.
Equity Share Allotment Details
Godawari Power & Ispat has announced the allotment of 13,72,500 equity shares of Re 1 each, resulting from the conversion of warrants. This decision was made following a circular resolution by the Stakeholders’ Relationship Committee on January 7, 2026.
Warrant Conversion Specifics
The warrant issue price was set at ₹245 per warrant, with an initial subscription amount of ₹61.25 (25% of the issue price) received at the time of allotment. The remaining 75% was paid upon conversion. Two warrant holders, Meridien Realtech Private Limited and Shree Nakoda Pipe Impex Private Limited, exercised their option to convert 11,00,000 and 2,72,500 warrants, respectively.
Impact on Share Capital
Following this allotment, the company’s issued, subscribed, and paid-up capital has increased from 66,97,95,408 to 67,11,67,908 equity shares. This change reflects the addition of the new equity shares resulting from the warrant conversions.
Shareholding Changes
Post-allotment, Meridien Realtech Private Limited holds 11,00,000 shares, representing 0.16% of the total issued capital, while Shree Nakoda Pipe Impex Private Limited holds 2,72,500 shares, representing 0.04%. These new equity shares rank equally with the existing shares.
Source: BSE
