Godawari Power And Ispat limited has informed the Exchange regarding Allotment of 197002 Shares.
GPIL · price
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Godawari Power and Ispat Limited has allotted 1,97,002 equity shares to employees who exercised their vested stock options under the GPIL ESOP-2023 plan, approved by the Nomination and Remuneration Committee on 21.03.2026. Of these, 1,72,480 shares belong to the 1st grant and 24,522 shares to the 2nd grant, taking cumulative ESOP allotments to 10,17,470 shares. The shares were issued at an exercise price of Rs. 116.20 per share, generating about Rs. 2.29 crore for the company. As a result, the paid-up share capital has risen marginally from Rs. 67.12 crore to Rs. 67.14 crore. Separately, 2,48,690 options lapsed during the period due to employee resignations.
This is a routine ESOP-driven share allotment with negligible dilution (under 0.03% of share capital), so the direct impact on share price or shareholder value is minimal. The new shares will rank pari-passu with existing equity shares, meaning no special restrictions apply.