Godawari Power & ISPAT conducted an Extra-Ordinary General Meeting (EGM) on October 15, 2025, through video conferencing, to approve the issuance of convertible warrants to promoters and non-promoters. The meeting, which lasted from 11:30 AM to 12:00 Noon, addressed a significant corporate action that could potentially impact the company's ownership structure.

Key Highlights of the EGM

• Meeting Agenda: The primary focus was to approve the offer, issue, and allotment of warrants convertible into equity shares.
• Beneficiaries: The warrants are to be issued to promoters, members of the promoter group, and other identified non-promoters on a preferential basis.
• Meeting Chair: Director Vinod Pillai chaired the meeting, as Chairman cum Managing Director Bajrang Lal Agrawal was interested in the proposed resolution.
• Interested Parties: Bajrang Lal Agrawal, Siddharth Agrawal, and Abhishek Agrawal did not participate in discussions due to their interest in the resolution.

Voting Process

CS Brajesh R. Agrawal of BR Agrawal & Associates was appointed as the scrutinizer to oversee the voting process.

Corporate Governance Measures

Godawari Power & ISPAT demonstrated commitment to transparency and regulatory compliance by:

1. Conducting the EGM through video conferencing in line with regulatory guidelines.
2. Providing multiple voting options to ensure maximum shareholder participation.
3. Appointing an independent scrutinizer to oversee the voting process.
4. Excluding interested parties from discussions to maintain objectivity.

The results of the e-voting and remote e-voting, along with the scrutinizer's report, are expected to be circulated separately. This corporate action underscores Godawari Power & ISPAT's strategic moves in capital restructuring and potentially signals future growth plans or changes in ownership dynamics.

Investors and stakeholders should closely monitor the outcome of this EGM, as the issuance of convertible warrants could have significant implications for the company's capital structure and future direction.

Godawari Power & ISPAT Limited (GPIL) has announced a crucial step in its expansion plans for the Ari Dongri Iron Ore Mines. The company has scheduled a public hearing on November 13, 2025, to seek environmental clearance for a substantial increase in its mining capacity and lease area.

Expansion Details

The proposed expansion aims to significantly boost the company's mining operations:

The Ari Dongri Iron Ore Mines are located in Village Kachche, District Uttar Bastar, Kanker, Chhattisgarh.

Environmental Clearance Process

The public hearing is a critical part of the environmental clearance process for the proposed expansion. It provides an opportunity for local stakeholders to voice their opinions and concerns about the project's potential environmental impact.

Potential Impact

If approved, this expansion could significantly enhance GPIL's iron ore production capabilities, potentially strengthening its position in the market. However, the outcome will depend on the results of the public hearing and subsequent environmental assessments.

Company's Disclosure

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, GPIL has duly informed the National Stock Exchange of India Ltd. and BSE Limited about this development. This transparency ensures that investors and market participants are kept informed about significant events that could impact the company's operations and performance.

Stakeholders will be keenly watching the outcome of this public hearing, as it could have substantial implications for Godawari Power & ISPAT's future growth trajectory in the iron ore mining sector.