Please find attached Disclosure under regulation 30 SEBI (LODR) dated 11.06.2025 pertaining to incorporation of Subsidiary Company.
Awaiting price reaction for this filing.
Godawari Power and Ispat Limited (GPIL) has incorporated a new subsidiary called 'Godawari Education And Research Foundation' (GREF) on June 11, 2025, as a Section 8 non-profit company under the Companies Act, 2013. The subsidiary has been set up to establish a residential school and undertake other educational activities as part of GPIL's CSR initiative, in partnership with Jayshree Periwal International School (JPIS). GPIL has made an initial cash investment of Rs 10 lakhs (1 lakh equity shares of Rs 10 face value). Currently, GPIL holds 100% stake, but the shareholding will later be adjusted to 81% GPIL and 19% JPIS through share transfer or further allotment. The subsidiary is registered in Raipur, Chhattisgarh, and falls under the education sector.
This is a small CSR-driven subsidiary incorporation with a nominal capital outlay of just Rs 10 lakhs and no impact on the company's core steel/power business. Shareholders are unlikely to see any material effect on stock price or earnings, as this is essentially a compliance-driven disclosure for the company's social responsibility activities.