Godawari Power & ISPAT , a prominent player in the power and steel sector, has issued a corrigendum to correct spelling errors in investor names for their preferential issue of convertible warrants worth Rs 500 crore. This move demonstrates the company's commitment to accuracy and transparency in its financial dealings.

Corrections in Investor Names

The company has made the following corrections to investor names:

• Mrs Sarita Agrawal corrected to Mrs Sarita Devi Agrawal
• Shree Nakoda Pipes Impex Private Limited corrected to Shree Nakoda Pipe Impex Private Limited
• Meridian Realtech Private Limited corrected to Meridien Realtech Private Limited

Key Details of the Warrant Issuance

• Number of Warrants: Up to 2.04 crore (2,04,08,220)
• Price per Warrant: Rs 245.00
• Total Value: Rs 500 crore (Rs 500,00,13,900.00)
• Conversion Ratio: Each warrant is convertible into 1 fully paid-up equity share
• Conversion Period: Within 18 months from the date of allotment

Impact on Shareholding

Assuming full conversion of the warrants, the company's shareholding structure is expected to change as follows:

Significance of the Warrant Issue

This preferential issue of convertible warrants to seven investors represents a strategic move by Godawari Power & Ispat to raise capital. The funds could potentially be used for expansion, debt reduction, or other corporate purposes.

The correction of investor names underscores the company's attention to detail and commitment to maintaining accurate records. This level of transparency is likely to be appreciated by investors and regulatory authorities alike.

As Godawari Power & Ispat moves forward with this significant financial decision, investors and market watchers will be keen to observe how the funds are utilized to drive growth and enhance shareholder value. The successful completion of this warrant issue could provide the company with the financial flexibility needed to pursue its strategic objectives in the competitive power and steel sector.

Godawari Power & ISPAT Limited, a prominent player in the power and steel sector, has announced a crucial board meeting scheduled for September 18, 2025. The meeting will focus on exploring options for raising funds through a preferential issue of securities, equity shares, or warrants.

Board Meeting Details

The company's Board of Directors will convene on Thursday, September 18, 2025, to deliberate on the proposal for fund raising. The meeting agenda includes:

• Considering the issuance of securities, equity shares, or warrants through a preferential allotment
• Determining the issue price for the proposed securities
• Seeking necessary regulatory and statutory approvals for the fund-raising initiative

Trading Window Closure

In line with regulatory requirements, Godawari Power & Ispat has announced the closure of the trading window for designated persons. The trading window will remain closed from September 16, 2025, until 48 hours after the announcement of the board meeting outcome. This measure is implemented to ensure fair trading practices and prevent insider trading.

Investor Meeting

On the same day as the board meeting (September 18, 2025), the company has scheduled a plant visit and meeting with Inved Research. This one-to-one physical meeting is set to take place from 10:00 AM to 5:00 PM at the company's plant in Siltara Industrial Area, Raipur, Chhattisgarh.

Company Background

Godawari Power & Ispat Limited is an ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified company. It operates in the industrial area of Siltara, Raipur, Chhattisgarh, focusing on power generation and steel production.

The announcement of this board meeting and potential fund-raising initiative comes at a time when many companies in the power and steel sectors are looking to capitalize on market opportunities and strengthen their financial positions. Investors and market analysts will be keenly watching the outcome of this meeting, as it could have significant implications for the company's future growth strategies and financial structure.

The company has emphasized that no unpublished price-sensitive information will be shared during any investor interactions, maintaining transparency and compliance with regulatory norms.

Shareholders and potential investors are advised to await the official announcement following the board meeting for detailed information on the fund-raising proposal and its potential impact on the company's financial outlook.