Godawari Power And Ispat limited has informed the Exchange about Amalgamation/Merger of Godawari Energy Limited ( Wholly owned subsidiary) with Godawari Power and Ispat Limited
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Godawari Power and Ispat Limited (GPIL) announced unaudited Q1 FY26 results with standalone revenue of Rs. 1,133.93 crore (down from Rs. 1,194.08 crore in Q1 FY25) and net profit of Rs. 200.50 crore (down from Rs. 273.66 crore YoY). Consolidated revenue stood at Rs. 1,323.25 crore with net profit of Rs. 216.41 crore. The board approved the scheme of amalgamation of its wholly-owned subsidiary Godawari Energy Limited (GEL) with GPIL, subject to NCLT and other regulatory approvals — no new shares will be issued as GEL is fully owned. The board also approved setting up a 0.7 MTPA Cold Rolling Mill project at Rs. 900 crore (Rs. 600 crore debt + Rs. 300 crore internal accruals) and a 10 GWh Battery Energy Storage System plant at Rs. 700 crore through newly incorporated subsidiary Godawari New Energy Pvt Ltd. Additionally, Mr. Bajrang Lal Agrawal was re-appointed as Chairman-cum-Managing Director for another 5 years from August 12, 2025, subject to shareholder approval.
The amalgamation is internal with no change in shareholding pattern, so it is largely administrative. The combined capex of around Rs. 1,600 crore across steel value addition (CRM) and energy storage signals strong growth ambition but will increase leverage. Q1 numbers show a notable YoY decline in profitability, which may weigh on near-term sentiment despite long-term expansion plans.