EGM proceedings: Rs 150 cr loan to subsidiary and director pay revisions
GPIL · price
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Godawari Power and Ispat held its EGM on June 27, 2026 via video conferencing. Four special business items were tabled: (1) approval to lend up to Rs 150 crores to subsidiary Godawari Education and Research Foundation under Section 185, and (2-4) revision in remuneration for Whole-Time Directors Dinesh Agrawal, Siddharth Agrawal, and Abhishek Agrawal. Chairman Bajrang Lal Agrawal recused himself on items 3 and 4, with Director Vinod Pillai chairing those items. Voting results and scrutinizer report will be shared separately.
Loan approval strengthens subsidiary funding; director pay hikes may raise governance concerns but await shareholder voting results.