Sarda Energy & Minerals Ltd. announced a significant acquisition, purchasing 14,53,496 equity shares of Godawari Power & Ispat Limited (GPIL) from the secondary market. The total acquisition cost amounted to ₹37.94 crore. This transaction resulted in Sarda acquiring a 0.22% stake in GPIL. The purchase was completed in cash between December 2025 and March 2026. The last material transaction crossing thresholds occurred on March 5, 2026.
Acquisition Details: Godawari Power & Ispat Ltd.
Sarda Energy & Minerals Ltd. has finalized the acquisition of additional equity shares in Godawari Power & Ispat Limited (GPIL) through open market purchases. This transaction is explicitly stated to not be a related party transaction and constitutes a Market Investment. The acquired entity, GPIL, operates primarily in the Iron & Steel industry.
Transaction Financials
The total cost of acquisition for the 14,53,496 equity shares was ₹37.94 crore. The shares were acquired via cash transactions executed through the Stock Exchange. The percentage of shareholding/control acquired represents 0.22% of the total equity shares on which voting rights are given (based on a total of 669,795,408 shares).
The indicative time period for the completion of these acquisitions spanned from December 16, 2025, to March 5, 2026. No specific governmental or regulatory approvals were required for this acquisition.
Target Entity Background (GPIL)
Godawari Power & Ispat Ltd. is a listed public company domiciled in India. Its primary business activities involve the mining of iron ore, manufacturing of iron ore pellets, sponge iron, steel billets, wire rods, H.B. wire, and ferro alloys, alongside power generation (Electricity).
GPIL Turnover Snapshot
The turnover for the target entity, GPIL, for the most recent financial years is detailed as follows:
- FY 2024-25: ₹ 4,661.25 crore
- FY 2023-24: ₹ 5,042.12 crore
- FY 2022-23: ₹ 5,284.72 crore
Materiality Context
The company confirmed that the last transaction resulting in material limits being crossed occurred on March 5, 2026, confirming the ongoing nature of this disclosure update.
Source: BSE
