Godawari Power and Ispat Limited announced an update on the Scheme of Amalgamation between Godawari Energy Limited and Godawari Power and Ispat, including their respective shareholders. The National Company Law Tribunal (NCLT) Cuttack bench, in an order dated October 15, 2025, has dispensed with the requirement of holding meetings for equity shareholders and creditors. This decision streamlines the amalgamation process, removing a procedural step.
NCLT Dispenses With Meetings
Godawari Power and Ispat Limited (GPIL) has provided an update regarding the Scheme of Amalgamation with Godawari Energy Limited (GEL). According to the notification released October 16, 2025, the Hon’ble National Company Law Tribunal (NCLT), Cuttack bench, has issued an order dispensing with the need to convene meetings of various stakeholders.
Details of the NCLT Order
The NCLT order, dated October 15, 2025, specifically waives the requirement for holding meetings with Equity shareholders, Secured Creditors, and Unsecured Creditors of both Godawari Energy Limited and Godawari Power and Ispat Limited. The order also eliminates the need for a meeting of Debentureholders of the Transferor Company.
Rationale for Amalgamation
The Scheme of Amalgamation aims to consolidate the group structure, streamline business operations, and achieve operational and financial synergies. Godawari Energy Limited is a wholly-owned subsidiary of Godawari Power and Ispat Limited, making this amalgamation a strategic move to enhance efficiency and integration. The appointed date for the scheme is April 1, 2025.
Stakeholder Consents and Approvals
All Equity Shareholders of Godawari Energy have provided 100% consent to the Scheme. The Unsecured Creditor and Debenture Holder of Godawari Energy has also consented.
Creditor and Shareholder Composition
Godawari Energy Limited has 7 equity shareholders, 0 secured creditors, 2 unsecured creditors, and 1 debenture holder. Godawari Power and Ispat Limited has 145,736 equity shareholders, 4 secured creditors, and 1,270 unsecured creditors.
Source: BSE
