Godawari Power And Ispat limited has informed the Exchange about Incorporation
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Godawari Power and Ispat Limited (GPIL) has incorporated a new subsidiary named 'Godawari Education And Research Foundation' (GREF) on June 11, 2025, in Raipur, Chhattisgarh. GREF is a Section 8 non-profit company set up to establish a residential school and undertake other educational activities as part of GPIL's CSR initiative, in partnership with Jayshree Periwal International School (JPIS). The initial investment is Rs. 10 lakhs via 1 lakh equity shares of Rs. 10 each at par. While GPIL currently holds 100%, the eventual shareholding will be 81% with GPIL and 19% with JPIS or its affiliates, once share transfers or further allotments are mutually decided.
This is a small-scale, CSR-driven subsidiary incorporation with a token initial investment of Rs. 10 lakhs. It is unlikely to have any material impact on GPIL's stock price or core business operations, as it falls under statutory CSR spending rather than a strategic business expansion.