Godawari Power And Ispat limited has informed the Exchange that Board of Directors at its meeting held on May 19, 2026, recommended Final Dividend of Re. 1 per equity share.
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On the reaction day the stock moved 4.3 pts more than Nifty Smallcap 250 and 4.5 pts more 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 Limited reported strong FY26 results with standalone net profit up 19.5% to Rs. 919.43 Crores versus Rs. 769.64 Crores in FY25. Standalone revenue grew marginally to Rs. 4,713.96 Crores. The Board recommended a final dividend of Re. 1 per equity share (100% on Rs. 1 face value), subject to shareholder approval at the ensuing AGM. The record date for dividend eligibility is fixed as August 14, 2026. Additionally, the company plans to invest Rs. 200 Crores in its wholly-owned subsidiary Godawari New Energy Private Limited for setting up a Battery Energy Storage System, taking total investment in the subsidiary to Rs. 700 Crores. The merger of Godawari Energy Limited with the company became effective from April 1, 2025.
The company delivered robust profit growth, and the dividend payout of approximately Rs. 64.90 Crores represents about 7% of standalone net profit, indicating healthy shareholder returns. The expansion into battery energy storage signals diversification beyond core steel operations.