NewsCorporate ActionsGodawari Power & Ispat Limited Allots 13.73 Lakh Equity Shares Following Warrant ConversionGodawari Power & Ispat Limited Allots 13.73 Lakh Equity Shares Following Warrant Conversion
Godawari Power & Ispat Limited allotted 13,72,500 equity shares at ₹245 per share following warrant conversion by Meridien Realtech Private Limited (11,00,000 shares) and Shree Nakoda Pipe Impex Private Limited (2,72,500 shares), raising ₹25.22 crores. The allotment increased the company's paid-up capital from ₹66.98 crores to ₹67.12 crores, with the new shares carrying equal rights but subject to SEBI lock-in provisions.
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Godawari Power & Ispat Limited has successfully allotted 13,72,500 equity shares following the conversion of warrants by two investors, marking a significant capital raising exercise for the steel company. The allotment was approved by the Stakeholders' Relationship Committee through a circular resolution on January 7, 2026.
Warrant Conversion Details
Two warrant holders exercised their conversion options from the original allotment of 2,04,08,220 convertible warrants issued in November 2025. The conversion involved payment of the balance 75% of the issue price after the initial 25% subscription amount.
| Parameter: | Details |
|---|---|
| Total Shares Allotted: | 13,72,500 |
| Issue Price per Share: | ₹245.00 |
| Premium per Share: | ₹244.00 |
| Face Value: | Re. 1.00 |
| Total Amount Raised: | ₹25,21,96,875 |
Investor-wise Conversion Breakdown
The warrant conversion was executed by two non-promoter entities, with Meridien Realtech Private Limited leading the exercise.
| Investor Name: | Warrants Converted | Amount Paid (₹) |
|---|---|---|
| Meridien Realtech Private Limited: | 11,00,000 | 20,21,25,000 |
| Shree Nakoda Pipe Impex Private Limited: | 2,72,500 | 5,00,71,875 |
| Total: | 13,72,500 | 25,21,96,875 |
Impact on Share Capital
The allotment has increased the company's issued, subscribed and paid-up capital significantly. Both converting entities were new shareholders with zero holdings before the conversion.
| Capital Component: | Before Allotment | After Allotment |
|---|---|---|
| Number of Shares: | 66,97,95,408 | 67,11,67,908 |
| Capital Value (₹): | 66,97,95,408 | 67,11,67,908 |
Shareholding Pattern Changes
Post-allotment, both investors now hold equity stakes in the company, though their percentage holdings remain modest relative to the total issued capital.
| Investor: | Post-Allotment Shares | Ownership (%) |
|---|---|---|
| Meridien Realtech Private Limited: | 11,00,000 | 0.16 |
| Shree Nakoda Pipe Impex Private Limited: | 2,72,500 | 0.04 |
Regulatory Compliance and Rights
The newly allotted equity shares carry equal rights with existing shares, including dividend and voting rights. However, these shares are subject to lock-in provisions as per Regulation 167 of SEBI (ICDR) Regulations, 2018. The allotment was conducted under the preferential issue framework of SEBI regulations, ensuring compliance with all applicable disclosure requirements under Regulation 30 of the Listing Regulations.
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