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 achieved a significant milestone in its expansion plans for the Ari Dongri Iron Ore Mines. The company successfully completed its presentation before the State Environmental Assessment Committee on January 7, 2026, at 2:30 PM, marking a crucial step forward in the environmental clearance process for its proposed mining capacity expansion.

Expansion Project Overview

The proposed expansion represents a substantial increase in the company's mining operations at the Ari Dongri Iron Ore Mines located in Village Kacheche, District Uttar Bastar, Kanker, Chhattisgarh:

Environmental Clearance Progress

The company has successfully navigated multiple stages of the environmental approval process. Following the completion of the public hearing conducted earlier, GPIL has now concluded its formal presentation before the State Environmental Assessment Committee. The company expects the formal environmental clearance letter to be issued upon finalization of the committee's minutes.

Regulatory Compliance

In adherence to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, GPIL has kept both the National Stock Exchange of India Limited and BSE Limited informed about this development. The company has committed to providing further updates once the formal environmental clearance is received.

Strategic Implications

This development positions GPIL closer to realizing its significant capacity expansion plans. The successful completion of the environmental assessment presentation demonstrates the company's commitment to regulatory compliance and environmental stewardship. Upon receiving final approval, the expansion could substantially enhance GPIL's iron ore production capabilities and strengthen its market position in the steel sector.

The company's proactive approach to stakeholder communication and regulatory compliance reflects its commitment to transparency as it progresses through this critical expansion phase.