Godawari Power & Ispat has fixed August 14, 2026, as the record date for its 27th Annual General Meeting (AGM), determining eligibility for the upcoming final dividend and voting rights. The company notified stock exchanges on August 8, 2026, that shareholders whose names appear in the Register of Members or depository records as of the close of business on Friday, August 14, 2026, will receive the proposed final dividend of Re 1 per share. This entitlement is subject to shareholder approval at the AGM and applicable tax deductions at source.

The 27th AGM is scheduled to be held on Saturday, September 19, 2026, at 11:30 A.M. IST. In compliance with Ministry of Corporate Affairs and Securities and Exchange Board of India circulars, the meeting will be conducted through Video Conferencing or Other Audio Visual Means without physical presence at a common venue. The facility will be provided by National Securities Depository Limited.

Key Dates and Details

Shareholder Instructions

The notice of the AGM will be sent electronically via web link to members with registered email IDs with their Depository Participants as of the record date. Shareholders holding shares in physical mode who have not registered their email IDs must contact the Registrar & Share Transfer Agent or the Company Secretary with their folio number and self-attested PAN card copy to receive the notice link. Physical shareholders must also provide their Aadhaar card details to enable remote e-voting.

Members holding shares in dematerialized mode are requested to update their email IDs with their respective Depository Participants. E-voting credentials can be obtained by emailing the Company Secretary or NSDL with required identification documents, including DPID-CLID for demat holders and folio details for physical holders. The notice and annual report will also be available on the company’s website and the portals of BSE Limited, National Stock Exchange of India Limited, and NSDL.

Godawari Power & Ispat filed its unaudited consolidated financial results for the quarter ended June 30, 2026 (Q1FY27), with the stock exchanges on August 8, 2026. The filing confirms a consolidated net profit attributable to owners of ₹222.37 crore, marking a 3% year-on-year increase from ₹216.41 crore in the corresponding period of FY26. This reporting follows the Board of Directors' approval of the results on August 7, 2026, and underscores the company's ability to maintain profitability despite significant margin compression driven by elevated input costs for iron ore and coal.

The submission was made pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by statutory auditors Singhi & Co. In compliance with disclosure norms, the company also published the results in leading newspapers including The Business Standard, Financial Express, The Business Line, and The Economic Times, providing investors with access to detailed financial statements via a Quick Response Code and the company’s website.

Financial Performance

Consolidated total income from operations stood at ₹1,783.75 crore in Q1FY27, up from ₹1,345.70 crore in Q1FY26. While revenue growth was robust, total expenses rose sharply, impacting operating margins. Consolidated EBITDA margin contracted to 19.07% from 24.49% in the prior year period. Standalone net profit declined marginally to ₹198.90 crore from ₹200.50 crore year-on-year.

Standalone revenue from operations increased 31% YoY to ₹1,519.76 crore. The divergence between top-line growth and margin contraction highlights the immediate impact of rising input costs on profitability. Volume growth in iron ore pellets (+34% YoY production) and sponge iron (+23% YoY production) drove top-line expansion, but the inability to fully pass on cost increases compressed operating margins.

Strategic Developments

In a significant strategic shift, Godawari Power & Ispat announced that the proposed 1 MnT Integrated Steel Plant has been kept in abeyance due to approval delays and on-the-ground challenges. Consequently, the 0.7 MnT Cold Rolling Mill (CRM) Complex is being relocated to Sambhajinagar, Maharashtra, to leverage state incentives and synergies with the nearby Battery Energy Storage System (BESS) plant. Land allotment for the new site has been submitted, with approval expected in August 2026.

Operationally, the company commissioned a 25 MW Captive Solar Power Plant on May 19, 2026, and commenced commercial operations of a 6.91 MW Waste Heat Recovery Based (WHRB) Power Plant at Siltara on June 23, 2026. These initiatives support the goal of expanding captive solar power capacity by 53% to 290 MW. The 5.4 MnT Beneficiation Plant remains on track for commissioning in Q3FY27, which is expected to enhance captive mining security and improve raw material availability.

What the Numbers Show

The contrast between strong revenue growth (32% YoY) and contracting EBITDA margins (down 542 basis points) signals intense cost pressure from market-sourced raw materials. While volume expansion supported the top line, margin erosion indicates limited pricing power in the current cycle. The upcoming commissioning of the beneficiation plant is critical for restoring margin stability by reducing reliance on external iron ore supplies. Furthermore, the pivot away from the Integrated Steel Plant towards value-added steel (CRM) and energy storage (BESS) reflects a strategic focus on higher-margin, policy-supported segments amidst regulatory headwinds in traditional steel manufacturing.