Godawari Power & Ispat Limited has authorized five Key Managerial Personnel to determine materiality and make disclosures to stock exchanges under Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The decision was approved by the Board of Directors during its meeting held on May 19, 2026, and the appointments are effective from the same date.

Authorized Personnel

The newly authorized personnel include the company's top leadership across finance, operations, and compliance roles. The Board approved the addition of these officials to ensure timely and accurate disclosures to the National Stock Exchange of India Ltd and BSE Limited.

Designations and Contacts

The following table details the names and designations of the appointed personnel along with their official contact email IDs:

Regulatory Compliance

This update follows the company's earlier communication dated February 13, 2016, regarding the contact details of the Managing Director & Company Secretary authorized for disclosures. The company has confirmed that the updated information regarding the Key Managerial Personnel is now available on its official website, www.godawaripowerispat.com . The intimation was formally signed by Company Secretary Yarra Chandra Rao on May 19, 2026.

Godawari Power and Ispat Limited has filed the Monitoring Agency Report for the quarter ended March 31, 2026, with the National Stock Exchange of India and BSE Limited, in accordance with Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 162A of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The report, prepared by CARE Ratings Limited in its capacity as Monitoring Agency, covers the utilisation of proceeds raised through a preferential issue aggregating to ₹500.00 crore.

Issue Overview

The preferential issue, comprising fully convertible equity share warrants, was open during the period September 18, 2025, to November 7, 2025. The issue was governed by a Monitoring Agency Agreement dated September 19, 2025, between the company and CARE Ratings Limited. The promoter of the company is Mr. Bajrang Lal Agrawal, and the company operates in the Metals and Mining — Ferrous Metals — Iron & Steel sector.

The total issue proceeds of ₹500.00 crore were allocated across three objects as disclosed in the offer document:

Fund Utilisation for Q4FY26

The Monitoring Agency confirmed no deviation from the objects stated in the offer document. All utilisation was verified through an allotment certificate, allotment account bank statement, a CA certificate from Singhi & Co. dated April 27, 2026, and a management certificate. The following table summarises the progress in utilisation of issue proceeds as at the end of Q4FY26:

BESS Project Investment Details

As per the Monitoring Agency's observations, Godawari Power and Ispat Limited is mandated to invest in the Battery Energy Storage System (BESS) project through its subsidiary, Godawari New Energy Private Limited (GNEPL). During Q4FY26, the company invested ₹75.60 crore in GNEPL in the form of 7,56,00,000 equity shares. However, only ₹25.22 crore — representing the amount transferred from the preferential allotment account to the GPIL current account for funding this transaction — has been recognised as utilisation toward the BESS project.

The Monitoring Agency noted that owing to multiple fund inflows and outflows in the GPIL current account, a direct one-to-one linkage of the funds invested in GNEPL could not be conclusively established during the quarter. As stated in the offer document, funds transferred to Godawari New Energy Private Limited will be in the form of investments or loans, to be utilised for further investment in the development of the BESS project.

The company commenced investment in the BESS project through land acquisition beginning September 16, 2025. Proceeds from the issue of share warrants were received starting November 10, 2025. During Q3FY26, expenditure incurred on land acquisition exceeded the amount received from the initial allotment of share warrants; consequently, the amount transferred to GNEPL has been recognised as reimbursement of expenses toward land acquisition.

Deployment of Unutilised Proceeds

The remaining unutilised amount of ₹0.05 crore was held in the Axis Bank Allotment Account (A/C No. 925020048670540) on demand as at the end of the quarter.

Implementation Timeline and Other Observations

All three objects — Project Funding, Investment in BESS Projects, and General Corporate Purposes — carry a completion date of before April 30, 2028, and are currently ongoing with no reported delay. No change was observed in the means of finance for the disclosed objects, and no material deviation from the offer document was noted.

The Monitoring Agency flagged one item of relevant information for investors: timely receipt of the balance 75% warrant consideration remains contingent upon the company's operating performance, prevailing equity market conditions, regulatory compliance with SEBI's ICDR and LODR regulations, and the continued intent and financial flexibility of the warrant holders. No adverse observations were noted in the previous monitoring agency report, and no shareholder approval for material deviations was required during the quarter.