Godawari Power And Ispat limited has informed the Exchange regarding allotment of 144395 securities pursuant to ESOP/ESPS at its meeting held on July 17, 2025
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Godawari Power and Ispat Limited has allotted 1,44,395 equity shares of face value Re. 1 each to employees who exercised their vested stock options under the GPIL ESOP-2023 plan, approved via circular resolution on July 17, 2025. The shares were issued at an exercise price of Rs. 116.20 per share, bringing in approximately Rs. 1.68 crore to the company. This allotment covers options from both the 1st grant (January 2024) and 2nd grant (March 2024), with cumulative allotments now standing at 4,28,433 shares. The paid-up equity capital has risen marginally from Rs. 66.93 crore to Rs. 66.94 crore, and the newly issued shares carry no lock-in restrictions and rank equally with existing shares. Diluted EPS based on FY25 earnings stands at Rs. 11.82 per share.
This is a routine ESOP-related share allotment with negligible dilution (~0.02% of paid-up capital), so it is unlikely to meaningfully affect stock price or shareholder value. It signals active employee participation in the company's stock incentive plan.