Please find attached herewith the intimation regarding investment in Godawari New Energy Private Limited, a wholly owned subsidiary. Please refer Point no. 3 of outcome of Board meeting ....
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Godawari Power and Ispat Limited reported strong FY2026 standalone results with revenue from operations at Rs. 4,713.96 Cr and profit after tax of Rs. 919.43 Cr, representing ~19.5% PAT growth YoY. The Board recommended a 100% dividend (Rs. 1 per share) subject to shareholder approval. Key corporate actions include: (1) Additional investment of Rs. 200 Crores in Godawari New Energy Private Limited (GNEPL) for Battery Energy Storage System (BESS) plant, taking total investment to Rs. 700 Crores; (2) Loan up to Rs. 150 Crores to Godawari Education Research Foundation for residential school project; (3) Revision in Executive Director remuneration; and (4) Re-appointment of statutory, internal and cost auditors. Statutory auditors Singhi & Co. issued unmodified opinions on both standalone and consolidated financials. Godawari Energy Limited (wholly owned subsidiary) has been merged with the company effective April 1, 2025.
The company delivered healthy PAT growth on standalone basis and continues its diversification into renewable energy through GNEPL. Shareholders can expect dividend income pending AGM approval. The substantial investment commitment in BESS signals long-term strategic shift toward energy storage business.