Godawari Power and Ispat Limited has scheduled an Extraordinary General Meeting (EGM) on June 27, 2026, to seek shareholder approval for a financial assistance of up to ₹150 crore to its subsidiary, Godawari Education and Research Foundation. The loan, intended for the subsidiary's principal business activities including setting up a residential school in Raipur, will be provided in one or more tranches. Additionally, the meeting will address the revision of remuneration for three Whole-Time Directors, with the proposed changes effective from July 01, 2026.

The Board of Directors, at its meeting held on May 19, 2026, approved the proposal to grant the unsecured loan to Godawari Education and Research Foundation. The resolution requires shareholder consent as the transaction involves financial assistance to a subsidiary under Section 185 of the Companies Act, 2013. Mr. Siddharth Agrawal, a Director of the company and a director on the board of the subsidiary, is interested in this resolution and will not vote on the matter.

Shareholders will also vote on ordinary resolutions to revise the remuneration of Mr. Dinesh Agrawal, Mr. Siddharth Agrawal, and Mr. Abhishek Agrawal. The Nomination and Remuneration Committee recommended the revision based on the directors' contributions to the company's growth and future prospects. The proposed remuneration structure includes a salary in the scale of ₹4.80 crore to ₹8.40 crore per annum, along with perquisites and benefits, subject to the limits specified in Schedule V of the Companies Act, 2013.

The revised remuneration for Mr. Dinesh Agrawal is effective from July 01, 2026, to August 10, 2027, covering the remaining period of his current term. Mr. Siddharth Agrawal's revised remuneration applies from July 01, 2026, to March 31, 2027, while Mr. Abhishek Agrawal's revision is effective from July 01, 2026, to November 08, 2026. All three directors are relatives of the Chairman cum Managing Director and are promoter shareholders of the company.

For the financial year ended March 31, 2026, the company reported a gross turnover and other income of ₹4905.45 crore and a net profit of ₹919.43 crore. The net worth stood at ₹5676.81 crore. The EGM will be conducted through video conferencing, and remote e-voting will be available from June 24, 2026, to June 26, 2026.

Financial Performance for FY26

Godawari Power and Ispat Limited has filed the transcript of its conference call regarding the Q4 and FY26 results held on May 20, 2026. The company reported a strong financial performance for the quarter, with revenue recording a 41% quarter-on-quarter growth supported by a healthy production ramp-up, higher sales volume, and improved realizations. The intimation was filed with the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

For the full year FY26, revenue remained stable while EBITDA stood at INR 1,253 crores. Profit After Tax (PAT) for the year was INR 802 crores. In Q4 FY26, EBITDA increased by 38% year-on-year and 91% quarter-on-quarter to INR 439 crores, while PAT rose to INR 280 crores. Cash flow from operating activities improved by 29% to INR 1,157 crores, driven by efficient working capital management. The company maintains a healthy balance sheet with a cash position of INR 837 crores.

Operational Highlights

GPIL achieved production targets across key segments, with sponge iron, structural rolled products, and ferroalloys surpassing planned levels. The company commissioned a 2-million-ton iron ore pellet plant in December 2025, increasing total pellet capacity to 4.7 million tons. Additionally, GPIL received environment approval for the capacity enhancement of the Ari Dongri Mines from 2.35 to 6 million tons, with full-scale operations targeted from FY28.

Strategic Updates

The company is progressing on its 0.7-million-ton CRM Complex project, targeted for commissioning by March FY27. GPIL is also setting up a 20-Gigawatt BESS project, expected to commission from March 2027, and has signed long-term agreements with EVE Power and Shanghai Shenyi Roche Energy Technology. The Board has approved a 1-million-ton integrated steel plant, with construction expected to begin in October 2026.

The transcript of the conference call is available on the official website of Godawari Power and Ispat Limited under Investors Information > Shareholders > Notices.