Godawari Power And Ispat limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Godawari Power & Ispat has filed a nil deviation statement for the quarter ended March 31, 2026, confirming that proceeds from its preferential issue of Fully Convertible Warrants have been used as per the stated objects. The company raised ₹150.22 crore through this issue (₹125 crore in the previous quarter ending December 2025, and an additional ₹25.22 crore on January 7, 2026). Of the total funds, ₹150.17 crore has been deployed towards the BESS (Battery Energy Storage System) Project, with only ₹0.05 crore remaining unutilized. Project Funding and General Corporate Purposes allocations of ₹200 crore and ₹125 crore respectively remain unused. CARE Ratings is the monitoring agency, and the statement has been reviewed by the Audit Committee.
No deviation from stated objects is positive — it signals disciplined fund deployment and compliance with regulatory requirements. Shareholders can note that the BESS project investment is on track.