Godawari Power And Ispat limited has informed the Exchange with copy of minutes of Extraordinary General Meeting held on March 14, 2026
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Godawari Power and Ispat Limited held an Extraordinary General Meeting on 14th March 2026 via video conferencing, lasting just 30 minutes. The single agenda was to seek shareholder approval for amending the Object Clause of the company's Memorandum of Association to include logistics and rail transportation activities. The reason is that the company plans to purchase railway wagons under the General-Purpose Wagon Investment Scheme (GPWIS) for captive use at its proposed new Integrated Steel Plant, which will have its own railway siding. The amendment also allows the company to lease out wagons during idle periods and transport goods for third parties. The Special Resolution was passed with overwhelming support: 299 members voted in favour (45,11,40,965 votes, 99.999%) while only 2 members voted against (3,195 votes, 0.001%). The Board had recommended this change at its meeting on 6th February 2026.
This move diversifies the company into logistics and rail transportation, supporting the upcoming Integrated Steel Plant project and potentially creating an additional revenue stream through wagon leasing and third-party transport services. The near-unanimous approval signals strong shareholder confidence in the company's expansion strategy.