Godawari Power and Ispat Limited Completes Second Tranche Sale of Ardent Steel Stake for Rs 6.60 Crores

Godawari Power and Ispat Limited (GPIL) has successfully completed the second tranche of its stake disposal in Ardent Steel Private Limited (ASPL), marking a significant milestone in the company's divestment strategy. The transaction, completed on March 24, 2026, involved the transfer of 2,00,000 equity shares for a total consideration of Rs 6.60 crores.

Transaction Details

The share transfer represents 2.52% of ASPL's total equity shares and forms part of GPIL's broader divestment plan announced earlier. The transaction details are summarized below:

Parameter:	Details
Shares Transferred:	2,00,000 equity shares
Consideration Amount:	Rs 6.60 crores
Percentage of ASPL:	2.52%
Transaction Date:	March 24, 2026

Impact on Shareholding Structure

Following the completion of this second tranche, GPIL's shareholding in ASPL has been significantly reduced. The transaction has resulted in a dilution of GPIL's stake from 20.98% to 18.46% in ASPL.

Shareholding Status:	Before Transaction	After Transaction
GPIL's Stake in ASPL:	20.98%	18.46%
Associate Company Status:	Yes	No

Associate Company Status Changes

A crucial outcome of this transaction is that ASPL has ceased to be an associate company of GPIL effective March 24, 2026. This change in status is directly attributed to the dilution in GPIL's stake falling below the threshold required for associate company classification.

Background and Regulatory Compliance

This transaction continues GPIL's previously announced divestment strategy. The company had initially announced on February 6, 2026, its plan to dispose of its entire 37.85% stake in ASPL for a total consideration of Rs 90.87 crores, subject to fulfillment of all requisite statutory and contractual requirements. A subsequent announcement was made on March 6, 2026, providing updates on the disposal process.

The disclosure has been made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency for stakeholders and regulatory authorities.

Godawari Power And Ispat Limited has announced a virtual one-to-one analyst meeting with Dalal and Broacha Stock Broking Private Limited, scheduled for March 26, 2026. The company informed both BSE Limited and National Stock Exchange of India Limited about this engagement through a regulatory filing dated March 23, 2026.

Meeting Details

The virtual analyst interaction has been organized with specific timing and format to facilitate direct communication between the company's management and the brokerage firm.

Parameter:	Details
Date:	Thursday, March 26, 2026
Time:	10:30 AM to 11:30 AM
Participant:	Dalal and Broacha Stock Broking Private Limited
Format:	Virtual One to One Meeting

Regulatory Compliance

The company has filed this intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, which mandates disclosure of material events and information. Godawari Power And Ispat Limited has specifically stated that no unpublished price sensitive information will be shared during the meeting, ensuring adherence to regulatory guidelines.

Operational Flexibility

The company has noted that changes to the meeting schedule may occur due to exigencies on the part of the organizer, analyst, institutional investors, fund house, investors, brokers, or the company itself. This provision allows for operational flexibility while maintaining transparency with stakeholders.

Information Accessibility

The meeting details have been hosted on the company's official website at www.godawaripowerispat.com , ensuring broader accessibility for investors and other stakeholders. The filing was signed by Y.C. Rao, Company Secretary, and digitally authenticated on March 23, 2026.

This analyst meeting represents part of Godawari Power And Ispat Limited's ongoing investor engagement activities, providing a platform for direct interaction between management and market participants while maintaining regulatory compliance.