Godawari Power & Ispat shareholders approve warrant issue

Godawari Power & Ispat Limited announced that its shareholders have approved a special resolution to issue warrants convertible into equity shares to promoters, promoter group members, and other identified non-promoters on a preferential basis. The resolution was passed during an extraordinary general meeting (EGM) held on October 15, 2025.

The consolidated scrutinizer's report for the EGM, including remote e-voting and e-voting during the meeting, confirmed overwhelming support for the resolution. A total of 284 members voted in favor, representing 158,521,499 votes and 97.312% of the total valid votes cast. Conversely, 32 members voted against the resolution, accounting for 4,379,452 votes or 2.688% of the valid votes.

The remote e-voting period commenced on Saturday, October 11, 2025, and concluded on Tuesday, October 14, 2025. The company confirmed that the resolution passed with the requisite majority, ensuring compliance with the Companies Act, 2013, and related rules.