Godawari Power & Ispat discloses transmission of 150,000 shares to promoter Kumar Agrawal

What Godawari Power & Ispat Limited announced

On 27 June 2026 the company filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing informs the stock exchanges that 150,000 equity shares of Godawari Power & Ispat Limited (GPIL) were transmitted to Mr. Kumar Agrawal, a member of the promoter group, on 23 June 2026. The transmission was a result of inheritance from the late Mrs. Madhu Agrawal and therefore did not involve any market purchase or sale.

The disclosure is submitted to both the National Stock Exchange (NSE) and BSE, referencing the company’s BSE security code 532734 (NSE symbol is GPIL). The filing includes a detailed annexure that quantifies the shareholding before and after the transmission and confirms that the overall promoter group stake remains unchanged.

Details of the transmission

• Acquirer: Mr. Kumar Agrawal, identified as a member of the promoter group of GPIL.
• Transferor: The shares were transmitted from the estate of the late Mrs. Madhu Agrawal.
• Number of shares transmitted: 150,000 equity shares of Rs 1 each.
• Date of transmission: 23 June 2026.
• Mode of acquisition: Transmission (inheritance) – no cash consideration, open‑market purchase, or preferential allotment involved.
• Percentage of total paid‑up capital: 0.02 % (150,000 / 673,097,430 total equity shares).
• Percentage of diluted share capital: 0.02 % (150,000 / 694,143,996 diluted shares after conversion of warrants).

The annexure also records the shareholding composition before and after the transmission. Prior to the transfer, the promoter group held 22,191,055 voting‑right shares and 2,204,200 warrant‑equivalent shares, amounting to 3.30 % of the total share capital and 3.20 % of the diluted capital. After the transmission, the promoter’s voting‑right shares increased marginally to 22,341,055, while the warrant position remained unchanged.

Impact on promoter group shareholding

The filing explicitly states that there is no change in the total promoter group shareholding. The promoter group continues to hold 42,52,55,795 equity shares, which represents 63.18 % of the total paid‑up capital of 67,30,97,430 shares. This figure is unchanged both before and after the transmission, confirming that the inherited shares were already accounted for within the promoter’s aggregate holding.

The diluted share/voting capital of the company, which assumes full conversion of outstanding convertible securities, warrants and ESOPs, stands at 694,143,996 shares after the transmission. The promoter’s proportion of the diluted capital remains approximately 63.18 %, reflecting the unchanged nature of the overall control.

Key facts at a glance

Why this matters for investors

The disclosure is a compliance requirement under SEBI’s takeover regulations, which aim to provide transparency when a promoter or any party acquires a material stake in a listed entity. In this case, the transaction is non‑material – the 150,000 shares represent only 0.02 % of the company’s capital – and it does not alter the promoter group’s control.

For shareholders, the key implication is that the ownership structure remains stable. The promoter group continues to hold a clear majority (over 60 %) of the voting shares, ensuring that strategic direction and governance are unlikely to be affected by this inheritance event. The filing also confirms that there is no encumbrance or pledge attached to the transmitted shares, and no new securities (such as warrants) were issued as part of the transaction.

Regulatory-wise, the company has fulfilled its obligation to inform the exchanges within the prescribed timeline. No further approvals or shareholder meetings are required because the transaction does not cross any threshold that would trigger a mandatory open offer or additional disclosures.

Conclusion

Godawari Power & Ispat Ltd has reported the transmission of 150,000 equity shares to promoter Kumar Agrawal, effective 23 June 2026. The transfer, executed as an inheritance, does not change the promoter group’s overall stake, which remains at 63.18 % of the paid‑up capital. The filing satisfies SEBI’s Regulation 29(2) requirements, and no further regulatory actions are anticipated.

The promoter group’s shareholding remains unchanged at 42.53 crore shares (63.18 % of total paid‑up capital) after the transmission.