GPIL allots 2.72 lakh shares on warrant conversion
GPIL · price
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On the reaction day the stock moved 1.6 pts less than Nifty Smallcap 250 and 1.7 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Godawari Power & Ispat allotted 2,72,000 equity shares (Re 1 face value) to Shree Nakoda Pipe Impex Pvt Ltd upon conversion of warrants at Rs 245 per share. The company received Rs 4.99 crore as the balance 75 percent subscription. Paid-up equity capital rose to 67,35,10,965 shares from 67,32,38,965. Originally, 2.04 crore warrants were issued in Nov 2025 to promoters and non-promoters.
Minor dilution of about 0.04 percent. New shares are subject to SEBI lock-in rules.