Godawari Power corrects preferential allotment details, changes allottee

Godawari Power and Ispat Limited announced a corrigendum to its September 18, 2025, board meeting outcome regarding a preferential issue of convertible warrants. The correction primarily concerns the identification of an allottee, changing the proposed allottee from Mr. Sanjay Gupta to Mrs. Meena Gupta, wife of Mr. Sanjay Gupta. This adjustment has consequently revised the pre- and post-shareholding figures.

The company plans to issue up to 2,04,08,220 fully convertible equity warrants for an aggregate amount of INR 500,00,13,900. These warrants are priced at INR 245 per warrant and are part of a preferential issue under Chapter V of the SEBI (Issue of Capital and Disclosure Requirement) Regulations, 2018.

Following the conversion of all warrants, the promoter and promoter group's shareholding is projected to be 63.05%, while public shareholding is expected to be 36.95% of the total equity share capital. The issue involves seven investors, and each warrant will be convertible into one fully paid-up equity share within 18 months from the allotment date. Unconverted warrants after this period will lapse, and the amount paid will be forfeited.