Godawari Power and Ispat has announced a significant investment of ₹200 crore in its wholly-owned subsidiary, Godawari New Energy Private Limited (GNEPL). The investment will be made through equity, loan, or other permissible modes, and will be executed in one or more tranches. This is in addition to the existing investment approval of ₹500 crore, bringing the total initial investment in GNEPL to ₹700 crore. The funds are earmarked for capital expenditure and working capital requirements for setting up a Battery Energy Storage System (BESS) Plant by GNEPL.
The Board of Directors also approved the audited standalone and consolidated financial results for the quarter and year ended 31st March 2026. The statutory auditors, M/s Singhi & Co., have expressed unmodified opinions on these financial statements.
Additionally, the board has recommended a final dividend of Re.1 per share for the financial year 2025-26. The dividend payment is subject to shareholder approval at the upcoming Annual General Meeting (AGM) and will be disbursed within 30 days of the AGM, scheduled for 14th August 2026.
The company has also proposed a loan of up to ₹150 crore to its subsidiary, Godawari Education Research Foundation (GERF), for ongoing expenses related to a residential school project in Naya Raipur, Chhattisgarh. This proposal is subject to shareholder approval at an Extraordinary General Meeting (EGM) on 27th June 2026.
In other business, the board has proposed revisions to the remuneration of its executive directors, Shri Dinesh Agrawal, Shri Siddharth Agrawal, and Shri Abhishek Agrawal, subject to shareholder approval. The board also announced the re-appointment of M/s APAS & Co. as internal auditors and M/s Sanat Joshi & Associates as cost auditors for the financial year 2026-27.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).