Godawari Power & Ispat has successfully completed its presentation before the State Environmental Assessment Committee, seeking environmental clearance for a major expansion of its Ari Dongri iron ore mining operations.

Proposed Mine Expansion Details

The company has formally presented plans to expand its Ari Dongri iron ore mines from the current capacity of 2.35 million tonnes per annum (MTPA) to 6.00 MTPA. This expansion represents a substantial increase in mining capacity that would more than double the current production levels.

State Environmental Assessment Committee Review

The successful completion of the presentation before the State Environmental Assessment Committee marks a crucial milestone in the approval process for the mining expansion project. Environmental clearances are mandatory for mining operations in India, particularly for projects involving significant capacity increases like this expansion.

Strategic Implications for Operations

The proposed expansion of the Ari Dongri iron ore mines aligns with Godawari Power & Ispat's integrated steel manufacturing operations. Increased iron ore production capacity would enhance the company's raw material security and potentially reduce dependence on external suppliers for its steel production activities.

The expansion project, if approved, would significantly strengthen the company's position in the iron ore mining sector while supporting its downstream steel manufacturing operations in the competitive steel industry.

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.

Investor-wise Conversion Breakdown

The warrant conversion was executed by two non-promoter entities, with Meridien Realtech Private Limited leading the exercise.

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.

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.

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.