Godawari Power And Ispat limited has informed the Exchange regarding 'demise of Mrs. Madhu Agrawal, Member of Promoter Group.'.
GPIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Godawari Power And Ispat Limited has announced the passing of Mrs. Madhu Agrawal, a member of the Promoter Group, on May 3, 2026. She was the wife of promoter Mr. Narayan Prasad Agrawal and held 2,00,61,155 equity shares representing 2.98% of the company's share capital. The company has informed exchanges that she will cease to be part of the promoter group in due course under SEBI regulations. This is being disclosed under Regulation 30 and 31A of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The shareholding will likely be redistributed among family members as part of inheritance, which will change the overall promoter group shareholding composition.
The 2.98% stake held by the deceased will transfer outside the promoter group structure, reducing the overall promoter group's collective holding in the company.