EGM clears Rs 150 crore loan to subsidiary and hikes director pay

Board & Shareholder Meetings View source PDF

GPIL · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+1.2%1-day move

₹255.00

prior close

₹256.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.8-0.3-0.3+0.7+1.2-0.1+1.2-1.8-3.1-0.0-5.0———

Up moveDown movePending

AI summary

Godawari Power EGM on June 27, 2026 approved a Rs 150 crore loan to subsidiary Godawari Education and Research Foundation for a Raipur residential school, and pay hikes for three whole-time directors - Dinesh, Siddharth, and Abhishek Agrawal, relatives of CMD Bajrang Lal Agrawal. Their salary scale moves to Rs 4.80-8.40 crore per annum from July 1, 2026, up from Rs 3.45 crore earlier. Loan resolution got 89.6% support; pay hikes each got over 99%.

Likely market impact

Rs 150 crore outflow to subsidiary and higher director pay from July; all resolutions passed with strong shareholder support.