Godawari power expands equity base with new ESOP share allotment

Godawari Power and Ispat Limited announced the allotment of 178,680 fully paid-up equity shares of Re. 1/- each, following the exercise of vested options under the GPIL ESOP-2023 scheme. The Nomination and Remuneration Committee approved this allotment on November 29, 2025. This issuance increases the company's paid-up share capital from Rs. 66,96,16,728/- to Rs. 66,97,95,408/-.

Of the newly allotted shares, 165,500 shares were from the 1st Grant, and 13,180 shares were from the 2nd Grant. Cumulatively, 820,468 shares have now been allotted under the scheme. The exercise price per option was Rs. 581/- per share after an initial discount, which was subsequently adjusted to Rs. 116.20 per share following a stock split.

The equity shares allotted rank pari-passu with existing shares. The company also reported that 248,690 options have lapsed due to employee resignations. Diluted earnings per share, calculated based on the half-year ended September 30, 2025, now stand at Rs. 6.90 following this issuance.