Godawari Power and Ispat Limited has announced a significant investment in its wholly-owned subsidiary, Godawari New Energy Private Limited (GNEPL). The company plans to invest an additional ₹200 crore in GNEPL, bringing the total investment to ₹700 crore. This investment is aimed at supporting the capital expenditure and working capital requirements for setting up a Battery Energy Storage System (BESS) Plant.
The decision was made during a board meeting held on 19th May 2026, where the board 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., expressed unmodified opinions on the financial statements.
Additionally, the board recommended a final dividend of ₹1 per equity share for the financial year 2025-26. The dividend will be paid subject to the approval of shareholders at the upcoming Annual General Meeting (AGM). The record date for determining the eligibility for the dividend is set for 14th August 2026.
In other developments, the board approved a proposal to provide a loan of up to ₹150 crore to Godawari Education Research Foundation (GERF) for its residential school project in Naya Raipur, Chhattisgarh. This loan is subject to shareholder approval at an Extraordinary General Meeting (EGM) scheduled for 27th June 2026.
The meeting also included proposals to revise the remuneration of executive directors and the reappointment of internal and 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).