Godawari Power And Ispat limited has informed the Exchange about Acquisition. Please refer point no. 3 of the outcome of Board Meeting dated 19.05.2026.
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The Board approved audited results for FY2026 with standalone net profit of Rs. 919.43 Crores (up 19.5% YoY) and consolidated net profit of Rs. 801.74 Crores. The Board recommended a 100% dividend (Rs. 1 per share) subject to AGM approval. The company approved additional investment of Rs. 200 Crores in wholly-owned subsidiary Godawari New Energy Private Limited (GNEPL) for setting up a Battery Energy Storage System (BESS) plant, taking total investment in GNEPL to Rs. 700 Crores. Additionally, Godawari Energy Limited (another wholly-owned subsidiary) has been merged with the company as per NCLT order dated 10.03.2026 effective 01.04.2025. The Board also approved a loan of up to Rs. 150 Crores to GERF for a residential school project and proposed an EGM on 27th June 2026 for related approvals.
Strong financial performance with profit growth and shareholder-friendly dividend. The Rs. 700 Crore investment in BESS represents a major diversification into clean energy, while the subsidiary merger simplifies the corporate structure. These moves could positively influence investor sentiment.