Godawari Power and Ispat Limited has formally intimated the stock exchanges of the passing of Mrs. Madhu Agrawal, a member of its Promoter Group, on 03.05.2026. The disclosure, filed under Regulation 30 and 31A of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, was communicated to BSE Limited and the National Stock Exchange of India Limited on 04.05.2026.

Relationship with Promoter Group

Mrs. Madhu Agrawal held close familial ties with several key members of the company's promoter and management structure. The company's filing outlined her relationships as follows:

• Wife of Mr. Narayan Prasad Agrawal (Promoter)
• Mother of Mr. Kumar Agrawal (Promoter Group)
• Sister-in-Law of Mr. Bajrang Lal Agrawal (Promoter & CMD)
• Aunt of Mr. Dinesh Agrawal (Promoter & ED), Mr. Siddharth Agrawal (Promoter Group & ED), and Mr. Abhishek Agrawal (Promoter Group & ED)

Shareholding Details

As per the regulatory disclosure, Mrs. Madhu Agrawal held the following stake in the company at the time of her passing:

Regulatory Implications

In accordance with Regulation 31A of the SEBI LODR Regulations, 2015, the company has stated that Mrs. Madhu Agrawal will cease to be part of the promoter group in due course. All directors and employees of the company have conveyed their deep sympathy, sorrow, and condolences to her family. The filing was signed by Y. C. Rao, Company Secretary, on behalf of Godawari Power and Ispat Limited.

Godawari Power & Ispat Limited has announced a significant development in its renewable energy expansion through its wholly owned subsidiary. Godawari New Energy Private Limited (GNEPL) has entered into a strategic supply agreement with Shanghai Shenyi Roche Energy Technology Limited, a Chinese company specializing in battery energy storage systems.

Agreement Details

The supply agreement covers the provision of balance of system components for a 5 MWh DC Block on CKD (Completely Knocked Down) basis. This agreement forms a crucial part of GNEPL's ambitious first phase of a 20 GWh Battery Energy Storage System plant located at Sambhajinagar, Maharashtra.

Strategic Partnership Benefits

The supply agreement with Roche Energy provides several strategic advantages for GNEPL's operations. The partnership ensures a stable, reliable, and cost-effective supply chain while maintaining consistent quality standards for the battery energy storage system components. Commercial terms have been mutually agreed upon by both GNEPL and Roche Energy.

Partner Capabilities

Shanghai Shenyi Roche Energy Technology Limited brings extensive expertise to this partnership. The company is engaged in comprehensive BESS operations including product design, manufacturing, material supply, and technology support for entire balance of system components excluding LFP cells. Roche Energy specializes in designing and constructing energy storage stations for source, grid, and user applications.

The Chinese partner excels in providing integrated solutions for various energy storage systems and demonstrates proficiency in managing the complete lifecycle of energy storage products from initial design through production phases.

Manufacturing Milestone

Godawari Power & Ispat Limited views this supply agreement as a major milestone toward manufacturing Battery Energy Storage Systems. The partnership positions GNEPL to advance its renewable energy capabilities and establish a strong foundation in the growing energy storage market. The agreement supports the company's strategic expansion into clean energy solutions through its subsidiary operations.