NCLT approves Godawari Energy merger with Godawari Power & Ispat

The National Company Law Tribunal (NCLT), Cuttack bench, issued an order on October 15, 2025, dispensing with the requirement for holding meetings of equity shareholders, secured creditors, unsecured creditors, and debenture holders of Godawari Energy Limited and equity shareholders, secured creditors and unsecured creditors of Godawari Power and Ispat Limited. This decision facilitates the scheme of amalgamation between the wholly-owned subsidiary and its holding company, effective April 1, 2025.

Godawari Power and Ispat Limited holds 100% of Godawari Energy Limited's shares and debentures, eliminating the need for new share issuance or compromise with transferee company shareholders or creditors. The scheme aims to consolidate the group structure, enhance financial strength, and achieve operational and financial synergies.

As of March 31, 2025, Godawari Energy Limited had 7 equity shareholders, 0 secured creditors, 2 unsecured creditors, and 1 debenture holder. All stakeholders of Godawari Energy Limited provided 100% consent to the scheme. Godawari Power and Ispat Limited, a listed entity, had 145,736 equity shareholders, 4 secured creditors (₹25,926.59 lakhs), and 1,270 unsecured creditors (₹46,634.82 lakhs) as of the same date.