Godawari Power and Ispat Limited has announced an amendment to a previously disclosed inter-corporate loan agreement. The loan of ₹20.00 crore, granted by Hira Ferro Alloys Limited (a subsidiary and promoter group entity) to Deccan Gold Mines Limited, now has an extended repayment tenure. The original deadline of October 31, 2026, has been pushed to March 31, 2027, with all other terms remaining unchanged.
Inter-Corporate Loan Repayment Extended
Godawari Power and Ispat Limited (GPIL) has provided an update regarding an inter-corporate loan arrangement. Following a disclosure on August 3, 2026, concerning a facility agreement for a loan of ₹20.00 crore, the company has received an intimation of amendment.
The loan was advanced by Hira Ferro Alloys Limited (HFAL), a subsidiary company and part of the Promoter Group of Godawari Power and Ispat Limited, to Deccan Gold Mines Limited (DGML). The facility agreement was initially executed on August 3, 2026, with a repayment tenure stipulated on or before October 31, 2026.
Amendment Details
On November 3, 2026, GPIL was informed by HFAL about the execution of an amendment to the facility agreement. The key change introduced by this amendment is the extension of the loan repayment tenure. The repayment period for the ₹20.00 crore loan has now been extended up to March 31, 2027. All other terms, conditions, and covenants of the original loan agreement remain in full force and effect.
Source: BSE
