Godawari Power And Ispat limited has informed the Exchange about Agreements
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Godawari Power and Ispat Limited (GPIL) has executed a Termination Agreement with Deccan Gold Mines Limited (DGML) on 06.01.2026. This follows full repayment by DGML of the entire Inter Corporate Loan of Rs.120 Crores (including interest) that GPIL had extended earlier. The loan facility, originally disclosed on 25.02.2025, 03.07.2025, and 30.08.2025, has now been formally closed. GPIL is completing procedural formalities to finalize the termination.
Positive for GPIL as the company has recovered its full Rs.120 Crore loan exposure along with interest, strengthening its cash position and eliminating counterparty risk on this lending. The termination cleans up GPIL's balance sheet and removes any ongoing obligation related to this facility.