Godawari Power and Ispat Limited has notified stock exchanges of a conference call scheduled for Wednesday, May 20, 2026, at 12:00 Noon IST, to discuss the company's Q4FY26 earnings. The intimation was filed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was signed by Company Secretary Y.C. Rao on May 15, 2026.

Conference Call Details

The earnings call is being organized in association with Monarch Networth Capital and is open to analysts, institutional investors, fund houses, and other investors. The agenda is focused on a discussion of the Q4FY26 earnings update of the company.

Company Management Participating

The following members of the company's senior management are scheduled to participate in the call:

• Mr. Abhishek Agrawal — Executive Director
• Mr. Dinesh Gandhi — Executive Director
• Mr. Sanjay Bothra — CFO

International Dial-in Numbers

International participants can join the call using the following toll-free numbers:

The company has stated that details of the conference call are also being hosted on its official website at www.godawaripowerispat.com . Godawari Power and Ispat Limited is an ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, 50001:2018, and 27001:2022 certified company, with its registered office and works located at Plot No. 428/2, Phase 1, Industrial Area, Siltara, Raipur, Chhattisgarh.

Godawari Power and Ispat Limited has filed the Monitoring Agency Report for the quarter ended March 31, 2026, with the National Stock Exchange of India and BSE Limited, in accordance with Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 162A of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The report, prepared by CARE Ratings Limited in its capacity as Monitoring Agency, covers the utilisation of proceeds raised through a preferential issue aggregating to ₹500.00 crore.

Issue Overview

The preferential issue, comprising fully convertible equity share warrants, was open during the period September 18, 2025, to November 7, 2025. The issue was governed by a Monitoring Agency Agreement dated September 19, 2025, between the company and CARE Ratings Limited. The promoter of the company is Mr. Bajrang Lal Agrawal, and the company operates in the Metals and Mining — Ferrous Metals — Iron & Steel sector.

The total issue proceeds of ₹500.00 crore were allocated across three objects as disclosed in the offer document:

Fund Utilisation for Q4FY26

The Monitoring Agency confirmed no deviation from the objects stated in the offer document. All utilisation was verified through an allotment certificate, allotment account bank statement, a CA certificate from Singhi & Co. dated April 27, 2026, and a management certificate. The following table summarises the progress in utilisation of issue proceeds as at the end of Q4FY26:

BESS Project Investment Details

As per the Monitoring Agency's observations, Godawari Power and Ispat Limited is mandated to invest in the Battery Energy Storage System (BESS) project through its subsidiary, Godawari New Energy Private Limited (GNEPL). During Q4FY26, the company invested ₹75.60 crore in GNEPL in the form of 7,56,00,000 equity shares. However, only ₹25.22 crore — representing the amount transferred from the preferential allotment account to the GPIL current account for funding this transaction — has been recognised as utilisation toward the BESS project.

The Monitoring Agency noted that owing to multiple fund inflows and outflows in the GPIL current account, a direct one-to-one linkage of the funds invested in GNEPL could not be conclusively established during the quarter. As stated in the offer document, funds transferred to Godawari New Energy Private Limited will be in the form of investments or loans, to be utilised for further investment in the development of the BESS project.

The company commenced investment in the BESS project through land acquisition beginning September 16, 2025. Proceeds from the issue of share warrants were received starting November 10, 2025. During Q3FY26, expenditure incurred on land acquisition exceeded the amount received from the initial allotment of share warrants; consequently, the amount transferred to GNEPL has been recognised as reimbursement of expenses toward land acquisition.

Deployment of Unutilised Proceeds

The remaining unutilised amount of ₹0.05 crore was held in the Axis Bank Allotment Account (A/C No. 925020048670540) on demand as at the end of the quarter.

Implementation Timeline and Other Observations

All three objects — Project Funding, Investment in BESS Projects, and General Corporate Purposes — carry a completion date of before April 30, 2028, and are currently ongoing with no reported delay. No change was observed in the means of finance for the disclosed objects, and no material deviation from the offer document was noted.

The Monitoring Agency flagged one item of relevant information for investors: timely receipt of the balance 75% warrant consideration remains contingent upon the company's operating performance, prevailing equity market conditions, regulatory compliance with SEBI's ICDR and LODR regulations, and the continued intent and financial flexibility of the warrant holders. No adverse observations were noted in the previous monitoring agency report, and no shareholder approval for material deviations was required during the quarter.