Godawari Power And Ispat limited has informed the Exchange regarding allotment of 1372500 securities pursuant to Preferential Issue at its meeting held on January 07, 2026
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On the reaction day the stock moved 1.0 pts less than Nifty Smallcap 250 and 1.5 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.
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Godawari Power and Ispat has allotted 13,72,500 equity shares of Re. 1 each (at a premium of Rs. 244 per share) to two non-promoter entities — Meridien Realtech Private Limited (11,00,000 shares) and Shree Nakoda Pipe Impex Private Limited (2,72,500 shares) — upon conversion of warrants issued earlier on a preferential basis. The company received Rs. 25.22 crore as the balance 75% subscription money (Rs. 183.75 per warrant) on the original issue price of Rs. 245 per warrant. As a result, the company's paid-up equity capital has risen from 66,97,95,408 shares to 67,11,67,908 shares. The newly allotted shares will be subject to lock-in as per SEBI ICDR Regulations.
This is the conversion of warrants that were already issued in November 2025, so the dilution is largely priced in. Share count rises by about 0.2%, a marginal dilution for existing shareholders. No fresh fundraising is happening here; the company is simply collecting the balance amount due on previously issued warrants.