Godawari Power And Ispat limited has informed the Exchange regarding 'Updates on Disposal of Stake in Ardent Steel Private Limited'.

Strategic Transactions View source PDF Explain this filing

GPIL · price

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Price reactionminutes from the announcement price · days from the prior close

-1.3%Reaction day

₹299.80

prior close

₹300.35

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.8%-2.1% vs market

Iron & Steel Products peers, median of 103sector+0.0%-1.3% vs sector

On the reaction day the stock moved 2.1 pts less than Nifty Smallcap 250 and 1.3 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.4

10m

+1.2

15m

+0.8

30m

+1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.3+0.8-2.1+0.0-1.3

Next day

-0.4+1.9-2.3+1.1-1.5

-1.4+1.3-2.7+0.8-2.3

-2.7+0.2-2.9+0.0-2.7

-0.3+2.0-2.3+1.9-2.1

+2.1+2.1+0.0+1.9+0.2

-1.0+2.1-3.2+1.1-2.1

15d

-3.1+2.5-5.6+1.1-4.2

-1.0+2.5-3.5-0.1-0.9

-8.0+9.0-17.0+3.2-11.2

-18.0+10.5-28.5+0.0-18.0

UpDownMarket · Nifty Smallcap 250Sector · Iron & Steel Products peers, median of 103Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Godawari Power and Ispat Limited (GPIL) has completed the third tranche of transferring its stake in associate company Ardent Steel Private Limited (ASPL). On 20.04.2026, the company transferred 7,32,000 equity shares representing 9.24% stake for Rs 22.18 Crores to the buyer. Following this transfer, GPIL's holding in ASPL has reduced from 18.46% to 9.22%. This is part of the previously announced disposal of the entire 37.85% stake held in ASPL for a total consideration of Rs 90.87 Crores, subject to statutory and contractual requirements.

Likely market impact

The partial stake sale reduces GPIL's exposure to the steel trading associate business and brings in Rs 22.18 Crores in this tranche, with the full transaction worth Rs 90.87 Crores pending completion.