Godawari Power AGM passes all resolutions including Re.1 dividend
- All nine resolutions passed at Godawari Power AGM on September 19, 2026
- Final dividend of Re.1 per share approved with near-unanimous support
- Key directors including Dinesh Agrawal and Vinod Pillai reappointed
- Whole-time directors Abhishek Agrawal and Siddharth Agrawal reappointed
*this image is generated using AI for illustrative purposes only.
Godawari Power & Ispat Limited shareholders approved all nine resolutions at its annual general meeting on September 19, 2026. The Godawari Power & Ispat board secured overwhelming support for the final dividend and director appointments.
The company declared a final dividend of Re.1 per equity share of face value Re.1 each for FY26. Shareholders also approved the standalone and consolidated financial statements for the year ended March 31, 2026.
Voting Results Overview
The combined scrutinizer's report confirmed that items 1 to 9 from the AGM notice dated August 8, 2026, were passed by the requisite majority. The voting was conducted via remote e-voting and during the meeting through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).
Ordinary Business Resolutions
The adoption of financial statements received near-unanimous support:
| Resolution | Description | Votes In Favour (%) | Votes Against (%) |
|---|---|---|---|
| 01 | Adoption of Standalone Financial Statements for FY26 | 99.999% | 0.001% |
| 02 | Adoption of Consolidated Financial Statements for FY26 | 99.999% | 0.001% |
| 05 | Declaration of Final Dividend of Re.1 per share | 99.999% | 0.001% |
Director Reappointments
Shareholders reappointed key directors who retired by rotation or sought renewal of their terms:
- Mr. Dinesh Agrawal (DIN: 00479936): Reappointed as director retiring by rotation. Received 94.288% support (400,351,641 votes).
- Mr. Vinod Pillai (DIN: 00497620): Reappointed as director retiring by rotation. Received 94.966% support (433,213,823 votes).
Mr. Bajrang Lal Agrawal, Chairman cum Managing Director, chaired the meeting but recused himself from agenda items regarding the reappointment of Whole-time Directors due to interest. Mr. Vinod Pillai chaired proceedings for those specific items.
Special Business: Whole-time Directors
The following Whole-time Directors were reappointed for five-year terms:
- Mr. Abhishek Agrawal (DIN: 02434507): Reappointed w.e.f. November 9, 2026. Received 99.508% support.
- Mr. Siddharth Agrawal (DIN: 02180571): Reappointed w.e.f. April 1, 2027. Received 87.194% support.
- Mr. Dinesh Kumar Gandhi (DIN: 01081155): Reappointed w.e.f. April 1, 2027. Received 99.941% support.
Meeting Proceedings and Governance
The AGM was conducted 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 during the meeting.
CS Brajesh R. Agrawal of BR Agrawal & Associates served as the scrutinizer for the electronic voting process. The cut-off date for shareholding eligibility was September 12, 2026.
The meeting also approved the remuneration of the Cost Auditors for the financial year ending March 31, 2027, which received 99.999% support.
Historical Stock Returns for Godawari Power & Ispat
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.41% | -4.27% | -15.97% | -27.47% | -14.45% | +216.67% |
How might the reappointment of key Agrawal family members as Whole-time Directors influence Godawari Power & Ispat's strategic expansion plans in the steel and power sectors?
Given the modest final dividend of Re.1 per share, will management prioritize debt reduction or capital expenditure for capacity expansion in FY27?
What is the expected impact of the approved Cost Auditor remuneration on the company's operational compliance and cost structure for the upcoming financial year?
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