Please find attached herewith intimation regarding fixation of record date for the payment of final dividend for FY 2024-25 (please refer point no. 2 of the outcome).
Awaiting price reaction for this filing.
Godawari Power and Ispat Limited's Board has recommended a final dividend of Re. 1 per share (100%) on equity shares of Re. 1 each for FY 2024-25, subject to shareholder approval at the upcoming AGM. The record date for eligibility has been fixed as Saturday, August 16, 2025, with dividend payment expected within 30 days of AGM declaration. The company reported standalone revenue of Rs. 4,661.24 Cr and net profit of Rs. 769.64 Cr for FY 2024-25, compared to Rs. 5,042.12 Cr and Rs. 917.44 Cr respectively in FY 2023-24, indicating a decline in top line and bottom line. Consolidated net profit stood at Rs. 812.98 Cr (FY25) vs Rs. 935.59 Cr (FY24). Additionally, the Board approved a CAPEX plan to enhance steel melting capacity by 50,000 MTs and expand solar power capacity from 95 MWp to 125 MWp, and cleared raising of Rs. 300 Cr in long-term debt.
The 100% final dividend (Re. 1 per share) offers modest yield given the stock's market price range, but signals continued shareholder return discipline despite a YoY decline in profits. The debt-raising and capacity expansion plans indicate growth investment, which could support future earnings but may pressure near-term cash flows.