Godawari Power And Ispat limited has informed the Exchange about Sale of entire stake of 37.85% held in Ardent Steel Private Limited, an associate Company of Godawari Power & Ispat Limited.(Please refer point no. 5 of the attached outcome of Board Meeting dated 06.02.2026)
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Godawari Power and Ispat Limited has informed the stock exchange about selling its entire 37.85% stake in Ardent Steel Private Limited, which is its associate company. This decision was taken at the Board Meeting held on 06.02.2026 and is referenced as point number 5 in the meeting outcome. The financial details of the transaction, including the buyer and deal value, are not disclosed in this filing. Ardent Steel operates in the steel sector, which is closely related to Godawari Power's core business of steel and power.
This sale means Godawari Power is exiting its investment in a steel associate company, which could unlock capital for the company but also reduces its presence in an allied steel business. Shareholders should watch for further details on the deal value and buyer, as this could have a material impact on the company's financials and strategic direction.