Godawari Power & Ispat Limited has scheduled its 27th Annual General Meeting (AGM) for September 19, 2026. The meeting will be held via video conferencing to approve the reappointment of key directors and declare a final dividend for FY26.

The company submitted its annual report for FY26 to the Bombay Stock Exchange and the National Stock Exchange of India on August 25, 2026. The filing was made pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Y.C. Rao, Company Secretary, signed the communication.

AGM Agenda and Key Resolutions

Shareholders will vote on several ordinary and special business items during the meeting. The primary focus includes the reappointment of three whole-time directors and the approval of cost auditor remuneration.

Director Reappointments

The board seeks shareholder approval to reappoint the following executives for five-year terms:

• Mr. Abhishek Agrawal: Reappointed as Whole-time Director effective November 9, 2026. His proposed gross salary is in the scale of ₹4.80 crore to ₹8.40 crore per annum.
• Mr. Siddharth Agrawal: Reappointed as Whole-time Director effective April 1, 2027. His proposed gross salary is in the scale of ₹4.80 crore to ₹8.40 crore per annum.
• Mr. Dinesh Kumar Gandhi: Reappointed as Whole-time Director effective April 1, 2027. His proposed gross salary is in the scale of ₹1.50 crore to ₹2.40 crore per annum.

Additionally, Mr. Dinesh Agrawal and Mr. Vinod Pillai retire by rotation and offer themselves for reappointment as directors.

Dividend Declaration

The board recommends a final dividend of ₹1 per equity share of face value ₹1 each for FY26. The dividend will be paid subject to applicable tax deductions at source. Shareholders on record as of August 14, 2026, are eligible for the payout.

Financial Performance Context

The explanatory statement highlights the company’s financial standing for FY26, which supports the proposed remuneration packages. Key financial indicators include:

E-Voting and Meeting Details

The AGM will be conducted through Video Conferencing/Other Audio Visual Means (OAVM). Remote e-voting via National Securities Depository Limited (NSDL) will be open from September 16, 2026, at 9:00 am to September 18, 2026, at 5:00 pm. The cut-off date for e-voting eligibility is September 12, 2026.

Physical attendance is not required. Members can join the VC session 30 minutes before the scheduled start time. The facility is available for 1,000 members on a first-come, first-served basis, excluding large shareholders, promoters, and institutional investors who have unrestricted access.

N P Agrawal, a promoter of Godawari Power & Ispat , acquired 1,99,11,155 equity shares of the company via transmission on August 17, 2026. The shares were transmitted from Late Mrs Madhu Agrawal. This acquisition was disclosed to the National Stock Exchange and BSE Limited in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The transaction significantly increased Mr Agrawal's individual stake in the company. Prior to the transmission, he held 23,391,990 shares, accounting for 3.48% of the total share capital. Following the acquisition, his holding rose to 4,33,03,145 shares, representing 6.43% of the paid-up capital. In terms of diluted share capital, his stake increased from 3.37% to 6.24%.

Promoter Group Shareholding Remains Unchanged

Despite the change in individual holdings, the total shareholding of the promoter and promoter group remained static. The group continues to hold 4,25,25,57,95 equity shares, which constitutes 63.18% of the total paid-up capital of 6,73,09,74,30 equity shares of ₹1 each. There were no changes in the holdings of other promoters or persons acting in concert during this transaction.

The company’s total equity share capital remains at 6,73,09,74,30 equity shares of ₹1 each. The total diluted share/voting capital stands at 6,94,14,39,96 equity shares, assuming full conversion of outstanding convertible securities, warrants, and ESOP grants.

What the Numbers Show

The transmission represents an internal consolidation of stake within the promoter family rather than an external acquisition or disposal. While N P Agrawal’s individual voting power nearly doubled, the aggregate control exercised by the promoter group did not shift. This suggests a restructuring of beneficial ownership among promoters without altering the overall corporate control dynamics.