Godawari Power And Ispat limited has informed the Exchange about Copy of Newspaper Publication regarding Notice of Hearing of Company scheme Petition pertaining to merger of Godawari Energy Limited with the Company.
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Godawari Power and Ispat Limited has published a notice in newspapers regarding the upcoming court hearing of a company scheme petition. The petition relates to the proposed merger of Godawari Energy Limited (a subsidiary/group company) into Godawari Power and Ispat Limited. Newspaper publication of such hearing notices is a mandatory procedural step required under the Companies Act before a merger scheme can be approved by the National Company Law Tribunal (NCLT). The hearing date and other details would have been mentioned in the published notice.
This is a routine procedural update in the ongoing merger process and does not change the terms of the deal. Shareholders should wait for NCLT approval and further announcements regarding the record date, share swap ratio, and effective date of the merger.