Godawari Power declares Re.1 per share final dividend for FY26
- Final dividend of Re.1 per equity share declared for FY26
- Standalone and consolidated financial statements for FY26 adopted
- Reappointment of three Whole-time Directors approved
- Dinesh Agrawal and Vinod Pillai reappointed as directors
*this image is generated using AI for illustrative purposes only.
Godawari Power & Ispat Limited declared a final dividend of Re.1 per equity share of face value Re.1 each for FY26 during its annual general meeting held on September 19, 2026.
The Godawari Power & Ispat board also approved the standalone and consolidated financial statements for the year ended March 31, 2026, alongside the reports of the Board of Directors and Auditors.
Governance and Director Appointments
Shareholders approved the reappointment of several key directors who retired by rotation or sought renewal of their terms:
- Mr. Dinesh Agrawal (DIN: 00479936) and Mr. Vinod Pillai (DIN: 00497620) were reappointed as directors retiring by rotation.
- Mr. Abhishek Agrawal (DIN: 02434507), Mr. Siddharth Agrawal (DIN: 02180571), and Mr. Dinesh Kumar Gandhi (DIN: 01081155) were reappointed as Whole-time Directors.
Mr. Bajrang Lal Agrawal, Chairman cum Managing Director, chaired the meeting but recused himself from agenda items regarding the reappointment of the Whole-time Directors due to interest. Mr. Vinod Pillai chaired proceedings for those specific items.
Meeting Proceedings
The AGM was conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM) in compliance with Ministry of Corporate Affairs and SEBI circulars. Remote e-voting commenced on September 16, 2026, at 9:00 am and concluded on September 18, 2026, at 5:00 pm. E-voting remained open for 15 minutes after the conclusion of discussions.
CS Brajesh R. Agrawal of BR Agrawal & Associates served as the scrutinizer for the electronic voting process. The results of the e-voting and the scrutinizer's report will be circulated separately.
Cost Auditor Remuneration
The meeting also approved the remuneration of the Cost Auditors for the financial year ending March 31, 2027.
Historical Stock Returns for Godawari Power & Ispat
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.06% | -7.44% | -6.92% | -10.29% | -11.76% | +261.41% |
How might the modest dividend of Re.1 per share impact investor sentiment and the stock's valuation in the near term?
What strategic initiatives is Godawari Power & Ispat likely to prioritize with retained earnings given the low dividend payout ratio?
Will the reappointment of key directors signal continuity in current operational strategies or potential shifts in management focus for FY27?
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