Graphite India Limited (GIL) has increased its shareholding in its associate company, Godi India Private Limited (GIPL), to 52.68%. This expansion in stake was achieved through a subscription in GIPL’s rights issue, costing ₹58.71 crore. GIPL is involved in the research and development of supercapacitors and materials for advanced batteries. The transaction was conducted on an arm’s length basis, with no promoter group involvement.
Graphite India Increases Stake in GIPL
Graphite India Limited (GIL) has announced an increase in its shareholding in its associate company, Godi India Private Limited (GIPL), from 45.76% to 52.68% of the paid-up share capital. This strategic move was executed through a subscription to GIPL’s rights issue, with the allotment occurring on October 19, 2026.
Investment Details
The total cost of acquiring 7,78,575 equity shares of GIPL was ₹58,70,84,478.75. The shares were acquired at a price of ₹754.05 per share, comprising a face value of ₹10 and a premium of ₹744.05. The application money of ₹200 per share has been paid, with the remaining call money to be paid as and when due. This investment was made as per GIL’s rights entitlement as an existing shareholder.
About Godi India Private Limited (GIPL)
GIPL is engaged in the research and development of supercapacitors and materials for advanced batteries, utilizing environmentally friendly processes. The company is currently at a development stage and has not yet commenced commercial operations. For the financial year ended March 31, 2026, GIPL reported a turnover of ₹113.93 lakhs and a net loss of ₹1,404.92 lakhs. GIPL was incorporated on January 28, 2020, and its registered office is in Telangana.
Transaction Details
The transaction was in the nature of a subscription to the Rights issue of an associate company and was conducted on an arm’s length basis. No promoter or promoter group companies have any interest in the entity. No governmental or regulatory approvals were required for this transaction.
Source: BSE
