Godawari Power and Ispat Ltd Allots Shares Through Employee Stock Option Plan
Godawari Power and Ispat Limited announced the allotment of 1,97,002 equity shares following the exercise of vested options under the Godawari Power and Ispat Limited - Employee Stock Option Plan 2023 ("GPIL ESOP 2023"). The allotment was approved by the Nomination and Remuneration Committee through a circular resolution passed on March 21, 2026.Share Allotment Details:
The following table details the share allotments:
| Grant | No. of Shares Allotted Earlier | No. of Shares Allotted Today | Cumulative No. of Shares Allotted |
|---|---|---|---|
| 1st Grant | 7,82,850 | 1,72,480 | 9,55,330 |
| 2nd Grant | 37,618 | 24,522 | 62,140 |
| Total | 8,20,468 | 1,97,002 | 10,17,470 |
The newly allotted shares rank pari passu with existing shares. Consequently, the company's paid-up share capital increased from Rs. 67,11,67,908 to Rs. 67,13,64,910.
The exercise price per option was Rs. 581 per share after a discount, which was determined to be 25% of the market price. Following a share subdivision, the exercise price was adjusted to Rs.116.20 per share.
Godawari Power and Ispat Limited realized Rs. 2,28,91,632.40 from the exercise of these options. A total of 2,48,690 options have lapsed due to employee resignations. Diluted earnings per share, based on the earnings reported for the nine-month period ending December 31, 2025, is Rs. 8.91.
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