Godawari Power And Ispat limited — Others, 11-02-2025: Disclosure under SEBI Takeover Regulations

Narayan Prasad Agrawal and Hanuman Prasad Agrawal, belonging to the promoter group of Godawari Power and Ispat Limited (GPIL), have acquired 2,37,37,500 equity shares, representing 3.55% of the total paid capital, through an inter-se transfer without consideration as part of a family settlement agreement. The company’s paid-up capital stands at Rs. 66.89 crore, divided into 66,89,74,940 equity shares of Re 1 each.

This acquisition consolidates control within the promoter group, potentially enhancing stability and governance. Investors may view this move positively, anticipating a strengthened management focus and aligned interests, which could bode well for GPIL’s future performance.