Godawari Power & Ispat Ltd disclosed that its promoters and Persons Acting in Concert (PACs) have not encumbered any shares during the financial year 2025-26. The confirmation was provided by Bajrang Lal Agrawal, a promoter of the company, on behalf of the entire promoter group. The disclosure ensures that the shareholding remains free from pledges or charges, which is a key indicator of financial stability for investors.

The filing was submitted to the National Stock Exchange of India Limited and BSE Limited on April 7, 2026, in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose any encumbrance of shares to ensure transparency in ownership structures. The company confirmed that no new encumbrances were created beyond those previously disclosed.

As per the annexure provided, the total promoter and promoter group shareholding stood at 425,255,795 equity shares as on March 31, 2026. This represents 63.34% of the company's total share capital, calculated on a base of 671,364,910 equity shares. On a diluted basis, considering outstanding warrants, the holding stands at 62.67% of the total diluted share capital of 694,143,996 equity shares.

The detailed shareholding data reveals that the promoter group includes individuals and corporate entities such as Hira Infra-Tek Ltd, Hira Cement Limited, and Hira Ferro Alloys Limited. Notably, the data indicates zero pledged shares across all promoter categories. The total outstanding warrants held by the group amount to 9,796,200, while shares under lock-in total 54,448,715.

Promoter Group Shareholding Details

Godawari Power & Ispat Limited secured shareholder approval to grant an unsecured loan of up to ₹150 crore to its subsidiary, Godawari Education and Research Foundation (GERF), and revised remuneration for three Whole-Time Directors during its Extra-Ordinary General Meeting (EGM) held on June 27, 2026. The resolutions were passed via remote e-voting and e-voting during the meeting, which was conducted through video conferencing. The financial support to GERF is intended for setting up a Residential School in Raipur, while the revised compensation packages for key executives are effective from July 01, 2026.

The meeting was chaired by Mr. Bajrang Lal Agrawal, Chairman cum Managing Director, though Mr. Vinod Pillai, Director, presided over the resolutions regarding remuneration due to the Chairman's interest in those items. CS Brajesh R. Agrawal of B. R. Agrawal & Associates served as the scrutinizer for the electronic voting process. The voting period for remote e-voting was open from June 24 to June 26, 2026, with the cut-off date for shareholding entitlement set as June 20, 2026.

Voting Results

Shareholders considered four special business items, all of which were passed with the requisite majority. The approval for the loan to GERF received 89.623% votes in favor, while the resolutions regarding the revision in remuneration for the directors received overwhelming support.

Resolution Summary

The detailed scrutinizer's report confirms that the resolutions specified in the notice dated May 27, 2026, have been duly passed. Mr. Yarra Chandra Rao, Company Secretary & Compliance Officer, managed the proceedings and will maintain the register of assent or dissent. The approvals were granted under the provisions of Section 185 of the Companies Act, 2013, regarding loans to subsidiaries, and relevant sections concerning director remuneration.