Godawari Power And Ispat limited has informed the Exchange about General Updates related to Appointment of Secretarial Auditor and Re-appointment of Internal and Cost auditor
GPIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved audited standalone and consolidated financial results for Q4 and FY ending March 31, 2025, with statutory auditor Singhi & Co. issuing unmodified opinions. Standalone net profit for FY25 stood at Rs 769.64 Cr (down from Rs 917.44 Cr in FY24), while consolidated net profit was Rs 812.98 Cr. A final dividend of Re. 1 per share (100%) was recommended, with August 16, 2025 set as the record date. The board approved CAPEX plans including a 50,000 MT expansion of steel melting capacity and a revision of solar power plant capacity from 95 MWp to 125 MWp. New appointments include a Secretarial Auditor (CS Tanveer Kaur Tuteja) for 5 years, and re-appointments of Internal and Cost Auditors. The company also received approval to raise Rs 300 Cr in long-term debt from banks or financial institutions.
Shareholders will receive a Rs 1 per share dividend subject to AGM approval. The debt raise of Rs 300 Cr and CAPEX expansion indicate growth investment, though the year-on-year decline in profits (standalone profit down ~16%) may temper near-term sentiment. The expansion in steel and solar capacity signals long-term capacity building.