Godawari Power And Ispat limited has informed the Exchange about change in Management related to reappointment of Managing Director w.e.f. 12.08.2025 , please refer point no. 6 of the Outcome.
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Godawari Power and Ispat reported Q1 FY26 standalone revenue of Rs 1,158.29 crores and net profit of Rs 200.50 crores, while consolidated revenue stood at Rs 1,345.70 crores with a net profit of Rs 216.41 crores. The board approved the amalgamation of wholly-owned subsidiary Godawari Energy Limited into the company, which will not change the shareholding pattern. It also cleared major capex plans: a 0.7 MTPA Cold Rolling Mill project in Chhattisgarh at Rs 900 crores (Rs 600 crores debt, Rs 300 crores equity), and a 10 GWh Battery Energy Storage System plant through new subsidiary Godawari New Energy Pvt Ltd at Rs 700 crores. Mr. Bajrang Lal Agrawal was reappointed as Chairman-cum-Managing Director for five years effective August 12, 2025, subject to shareholder approval. The 26th AGM is scheduled for September 20, 2025.
Strong Q1 profits and aggressive expansion into value-added steel products and energy storage signal growth ambitions, but combined capex of Rs 1,600 crores will increase debt burden and execution risk. The MD reappointment provides leadership continuity, though concentration of the Agrawal family on the board continues.