Godawari Power & Ispat grants new stock options under ESOP 2023

Godawari Power & Ispat Limited (GPIL) announced on September 13, 2025, the grant of 59,348 stock options under its GPIL ESOP 2023 plan. These options are convertible into one equity share of the company, each with a face value of Re 1/-. The grant was approved by the nomination and remuneration committee on the same date and aligns with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The exercise price per option is set at Rs.156/-, determined by the nomination and remuneration committee at a discount to the market price. The vesting schedule dictates that 35% of eligible options vest on the first anniversary of the grant date, another 35% on the second, and the remaining 30% on the third anniversary. Options can be exercised any time after vesting but within three years from the grant date.

To date, GPIL has granted a total of 50,09,526 options, including previous grants on January 15, 2024, March 18, 2024, and August 25, 2025. The company also reported diluted earnings per share of Rs. 3.08 as of June 30, 2025, following the issuance of equity shares upon option exercise.