Godawari Power And Ispat limited has informed the Exchange regarding Exercise of 371520 Options.
GPIL · price
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Godawari Power and Ispat Limited has allotted 3,71,520 equity shares to employees upon exercise of vested stock options under the GPIL ESOP-2023 plan. The Nomination and Remuneration Committee approved this allotment on May 30, 2026. The exercise price was Rs. 116.20 per share (after accounting for stock split from Rs. 5 to Re. 1 face value), with money realized totaling Rs. 4,31,70,624. The paid-up share capital increased from Rs. 67,27,25,910 to Rs. 67,30,97,430. Additionally, 2,48,690 options lapsed due to employee resignations. The new shares rank pari-passu with existing shares and carry no lock-in restrictions.
This is a routine ESOP exercise resulting in modest equity dilution. The increase in share count is marginal relative to total capital. No immediate impact on stock price expected, though shareholders should note the 0.055% dilution.