Godawari Power And Ispat limited has informed the Exchange about Re-appointment of Internal Auditor and Cost Auditor. Please refer point no. 7 and 8 of the Outcome of Board Meeting dated 19.05.2026 along with Annexure E.
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Godawari Power and Ispat Limited reported strong audited results for FY2026 with standalone net profit of Rs.919.43 Crores (up 19.5% from Rs.769.64 Crores last year) on total income of Rs.4,905.45 Crores. Consolidated net profit stood at Rs.801.74 Crores. The Board recommended a 100% dividend (Rs.1 per share) subject to shareholder approval at AGM. The company approved additional investment of Rs.200 Crores in its wholly-owned subsidiary Godawari New Energy Private Limited for a Battery Energy Storage System project, taking total investment to Rs.700 Crores. An EGM on June 27, 2026 will seek approval for loan to education subsidiary and remuneration revision for executive directors. The internal auditor (S K S R & Associates) and cost auditor (Sanat Joshi & Associates) were re-appointed for FY2026-27. Statutory auditors Singhi & Co. issued unmodified opinions on both standalone and consolidated financials.
Strong profit growth and maiden expansion into battery energy storage signal operational strength and diversification into new energy sectors, which could be positive for the stock. The ongoing related-party transactions require shareholder scrutiny.