Godawari Power & Ispat Ltd transmits 150,000 shares to promoter Kumar Agrawal

What Godawari Power & Ispat Ltd announced

On 29 June 2026 the company filed a disclosure with the BSE and NSE under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing states that Kumar Agrawal, a member of the promoter group, received 150,000 equity shares of Rs 10 each – representing 0.02 % of the diluted share capital – by way of transmission from the late Mrs Madhu Agrawal on 23 June 2026.

The notice confirms that the transaction is exempt from the open‑offer requirement and that the promoter group’s overall shareholding remains unchanged.

Details of the transmission

• Acquirer: Kumar Agrawal (member of the promoter group).
• Transferor: Late Mrs Madhu Agrawl (member of the promoter group).
• Number of shares transmitted: 150,000 equity shares, each with a face value of Rs 10.
• Percentage of diluted share capital: 0.02 %.
• Date of transmission: 23 June 2026.
• Method of acquisition: Transmission (inheritance) as defined under SEBI SAST Regulation 10(1)(g).

The filing includes a shareholding table that records the pre‑ and post‑transmission holdings of each promoter family member. Kumar Agrawal’s holding increased from 22,191,055 shares (3.30 % of total share capital) to 22,341,055 shares (3.32 %). The total promoter‑group holding moved from 405,194,640 shares (60.20 %) to 405,344,640 shares (60.22 %).

Regulatory framework and exemptions

The SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 (SAST) require any acquisition of 1 % or more of a listed company’s equity to be disclosed and, in most cases, to trigger an open‑offer to the public. However, Regulation 10(1)(g) provides an exemption for acquisitions made by way of transmission, succession or inheritance.

Because the shares were inherited from a deceased promoter, the transaction qualifies for this exemption. Consequently, the filing states that no open‑offer is required. The company also notes that it will comply with Regulation 29(2) of the SAST Regulations and Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, by filing the requisite post‑transaction disclosures within the prescribed timelines.

Shareholding impact

The shareholding schedule attached to the filing shows that the consolidated promoter‑group holding remains essentially unchanged. The slight increase from 60.20 % to 60.22 % is solely due to the internal transfer of shares and does not affect the overall control dynamics of the company.

All other promoter family members’ holdings are listed unchanged, confirming that the transmission did not dilute or augment the promoter group’s voting power.

Key facts at a glance

Why this matters for investors

The filing is a compliance requirement under SEBI’s takeover rules and does not represent a new capital raise, asset purchase, or change in corporate strategy. The key investor‑relevant points are:

• No dilution of existing shareholders – the transaction is an internal transfer within the promoter group.
• Control remains stable – the promoter group continues to hold just over 60 % of the equity, unchanged in practical terms.
• Regulatory compliance – the company has disclosed the transaction promptly and will make the statutory post‑transaction filings, ensuring transparency.
• No open‑offer trigger – because the acquisition falls under the inheritance exemption, there is no requirement to make an offer to the public, avoiding any immediate cash outflow.

Conclusion

Godawari Power & Ispat Ltd has formally disclosed the transmission of 150,000 shares to promoter Kumar Agrawal, an inheritance‑based transfer that does not alter the promoter group’s overall shareholding. The transaction is exempt from an open‑offer under SEBI Regulation 10(1)(g), and the company will complete the remaining statutory disclosures within the prescribed timelines. No further action is required from shareholders at this stage.