GIL raises stake in Godi India to 52.68% through rights issue

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GRAPHITE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+7.1%Reaction day

₹686.00

prior close

₹683.65

announcement price

After-mkt

timing

Nifty Smallcap 250market+1.1%+6.0% vs market

Electrodes & Refractories peers, median of 10sector+0.1%+7.0% vs sector

On the reaction day the stock moved 6.0 pts more than Nifty Smallcap 250 and 7.0 pts more than its Electrodes & Refractories peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.2

10m

+0.7

15m

+2.1

30m

+3.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+7.1+1.1+6.0+0.1+7.0

Next day

+8.3+3.3+5.0+2.7+5.6

+6.9pendingpending+1.7+5.2

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15d

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UpDownMarket · Nifty Smallcap 250Sector · Electrodes & Refractories peers, median of 10Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Graphite India subscribed for 778,575 shares of Godi India at Rs 754.05 each against Rs 10 face value, for total consideration of Rs 58.71 crore. It paid Rs 200 per share upfront, with calls due later. Its stake rose from 45.76% to 52.68%. Godi India develops supercapacitors and battery materials but has not begun commercial operations; FY26 turnover was Rs 113.93 lakh and net loss Rs 1,404.92 lakh.

Likely market impact

GIL's larger stake gives it control of Godi India, but adds cash commitment and exposure to a business with no commercial sales and large losses.