Godawari Power promoters boost stake via warrant allotment

Kumar Agrawal, Sarita Devi Agrawal, Dinesh Agrawal, and Hanuman Prasad Agrawal (Karta HP Agrawal HUF), all part of Godawari Power and Ispat Limited's promoter group, have announced the acquisition of warrants through a preferential allotment. This move, compliant with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, will substantially increase their collective stake in the company.

Kumar Agrawal was allotted 2,204,200 warrants, increasing his potential shareholding from 22,191,055 (3.31%) to 24,395,255 (3.54%) equity shares upon full conversion. Sarita Devi Agrawal received 4,163,300 warrants, which will raise her potential stake from 7,031,130 (1.05%) to 11,194,430 (1.62%) equity shares. Dinesh Agrawal was allotted 1,224,500 warrants, boosting his potential ownership from 24,278,425 (3.63%) to 25,502,925 (3.70%) equity shares. Hanuman Prasad Agrawal (Karta HP Agrawal HUF) received 2,204,200 warrants, increasing their potential holding from 948,105 (0.14%) to 3,152,305 (0.46%) equity shares.

The total number of warrants allotted across these four promoter group entities is 9,796,200, collectively increasing their total shareholding, assuming full conversion, from 54,448,715 (8.13%) to 64,244,915 (9.31%) of the enhanced paid-up share capital. The total diluted share capital of the company is stated as 69,00,24,948 Equity shares of Re.1 each.