Godawari Power And Ispat limited has informed the Exchange regarding 'Updates on disposal of stake in Ardent Steel Private Limited'.

Core business divestedStrategic Transactions View source PDF Explain this filing

GPIL · price

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Price reactionminutes from the announcement price · days from the prior close

-1.9%Reaction day

₹296.90

prior close

₹296.65

announcement price

After-mkt

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%-1.8% vs market

Iron & Steel Products peers, median of 97sector+0.7%-2.6% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Smallcap 250 and 2.6 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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Reaction day

-1.9-0.1-1.8+0.7-2.6

Next day

-3.7+1.1-4.7+1.6-5.3

-3.5+1.3-4.8+0.8-4.3

-4.2+1.8-6.0+1.4-5.7

-2.3+1.2-3.5+0.6-3.0

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-18.4+6.4-24.7-0.1-18.3

-17.8+9.4-27.2+2.1-19.8

UpDownMarket · Nifty Smallcap 250Sector · Iron & Steel Products peers, median of 97Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Godawari Power and Ispat Limited (GPIL) has completed the full disposal of its 37.85% stake in Ardent Steel Private Limited (ASPL). The final tranche (fourth) involved the transfer of 7,30,400 equity shares representing 9.22% of ASPL to the buyer for Rs 22.18 Crores on 21.05.2026. With this transfer, GPIL's holding in ASPL has reduced to 0.00%, marking a complete exit from the associate company. The total consideration for the entire stake sale was Rs 90.87 Crores. This exit was subject to statutory and contractual requirements and follows earlier announcements made from February to April 2026.

Likely market impact

The complete exit from ASPL for Rs 90.87 Crores provides cash inflow to GPIL and removes an associate company from its portfolio, which could positively impact the balance sheet and allow the company to focus on its core operations.