Godawari Power And Ispat limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on March 14, 2026
GPIL · price
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Godawari Power and Ispat Limited (GPIL) has called its 2nd Extraordinary General Meeting (EGM) of FY 2025-26 on Saturday, March 14, 2026 at 11:30 AM, to be held via video conferencing. The single special business item is a Special Resolution to amend the Object Clause of the company's Memorandum of Association by inserting a new clause that allows it to engage in shipping, rail, road, and air transport and related logistics services. The reason given 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, and may lease them or carry third-party goods during idle periods. Remote e-voting will run from March 11 to March 13, 2026, with a cut-off date of March 7, 2026; results will be shared with NSE and BSE within two working days of the EGM.
This is a routine governance step rather than a value-accretive event, but it is a precondition for GPIL's planned railway logistics operations tied to its upcoming Integrated Steel Plant expansion. Shareholders should watch the vote outcome, though it is expected to be a formality.