Godawari Power and Ispat Ltd. Increases Stake in Godawari New Energy Private Ltd.
Godawari Power and Ispat Limited (GPIL) announced on March 20, 2026, that it has received intimation from its wholly-owned subsidiary, Godawari New Energy Private Ltd. (GNEPL), regarding the allotment of equity shares. This allotment resulted from the conversion of Non-Cumulative Participating Optionally Convertible Redeemable Preference Shares (Preference Shares Series I & Series 2) in GNEPL.A total of 19,89,00,000 equity shares of Rs. 10 each were allotted upon the conversion of 12,49,50,000 and 7,39,50,000 Preference Shares Series I & Series 2, respectively, on March 18, 2026.
This conversion has increased GPIL’s investment in GNEPL from 10,11,00,000 equity shares to 30,00,00,000 equity shares, representing 100% of the paid-up capital of GNEPL, without any further infusion of funds.
Details of the Investment:
| Particulars | Investment in Godawari New Energy Pvt Ltd |
|---|---|
| Industry | Energy Sector - Specially in Battery Energy Storage System (BESS). |
| Related Party Transaction | The investment in GNEPL is a related party transaction due to GNEPL being a wholly-owned subsidiary of GPIL. The investment was made at an arm's length price. |
| Objects and Effects of Acquisition | No further funds were infused into GNEPL as equity shares were allotted upon the conversion of preference shares. |
| Consideration | Non-Cash Consideration: Conversion of 12,49,50,000 and 7,39,50,000 Preference Shares Series I & Series 2 into equity shares amounting to Rs. 198.90 Crores. |
| Cost of Acquisition | Rs. 198.90 Crores. |
| Shares Acquired | 19,89,00,000 Equity Shares of Rs. 10 each. |
| Entity Background | GNEPL was incorporated on June 25, 2025, and is in the process of setting up a 20 Gwh Battery Energy Storage System Plant. The company has a registered office in Raipur, Chhattisgarh, and operations will be set up in the state of Maharashtra. As of December 31, 2025, GNEPL’s net worth was Rs. 101.10 Crores, and its turnover was NIL. |
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