Godawari Power & Ispat expands share capital, boosts loan to Deccan Gold Mines

Godawari Power & Ispat Limited (GPIL) announced the allotment of 213,355 equity shares, each with a face value of Re. 1, upon the exercise of vested options under the GPIL ESOP-2023. This allotment was approved on August 30, 2025, increasing the company's paid-up share capital from Rs. 66,94,03,373 to Rs. 66,96,16,728. The exercise price per share was Rs. 116.20, resulting in a total of Rs. 2,47,91,851 realized from the exercise of these options.

In a separate development, GPIL executed a facility agreement to provide an additional inter corporate loan of Rs. 40 crore to Deccan Gold Mines Limited (DGML). This new funding brings the total loan amount to DGML to Rs. 120 crore. Up to 90% of this loan will be utilized for investment into the Altyn Tor Gold Project in Kyrgyzstan, with the remainder allocated for DGML's general corporate purposes. The loan has a tenure of 36 months at 12% annual interest, secured by a pledge on 4,14,603 equity shares of Geomysore Services (India) Private Limited.