Godawari Power & Ispat Releases Quarterly Results; Re-appoints Directors for Key Leadership Roles
Godawari Power and Ispat Limited (GPIL) announced its unaudited financial results for the quarter ending June 30, 2026. The company also held a Board meeting where it approved the proposal to re-appoint three directors for a further five years, subject to shareholder approval at the upcoming Annual General Meeting (AGM).The board decision included approving the plan to convene the 27th AGM on September 19, 2026, via video conferencing or other audio visual means.
Financial Performance Highlights
The company reported its Q3 results for the quarter ending June 30, 2026 (figures in Rs. Crores). The consolidated and standalone statements provide a detailed view of income, expenses, and profitability.Standalone Unaudited Results (Q3 ended 30th June, 2026):
| Particulars | Amount (Rs. Crores) |
|---|---|
| Total Income | 1,519.76 |
| Total Expenses | 1,248.39 |
| Profit/(Loss) before tax | 271.37 |
| Profit for the period | 198.90 |
| Total Comprehensive Income net of tax | 197.67 |
| Paid-up Equity share capital | 65.06 |
| Basic Earnings Per Share (not annualised) | 3.06 |
Consolidated Unaudited Results (Q3 ended 30th June, 2026):
| Particulars | Amount (Rs. Crores) |
|---|---|
| Total Income | 1,783.75 |
| Total Expenses | 1,487.12 |
| Profit/(Loss) before tax | 301.82 |
| Net Profit after tax | 229.37 |
| Total Comprehensive income net of tax | 219.94 |
| Paid-up equity share capital | 61.70 |
| Basic Earnings Per Share (not annualised) | 3.59 |
Key Board Decisions and Operational Updates
During the board meeting, GPIL approved proposals concerning key leadership roles within the company:- Director Reappointments: The company approved the proposal for the re-appointment and remuneration of Mr. Abhishek Agrawal, Mr. Siddharth Agrawal, and Mr. Dinesh Kumar Gandhi as Whole-Time Directors. These appointments are subject to shareholder approval at the AGM scheduled for September 19, 2026.
- Director Profiles: The table below details the reappointments:
| Director | Reappointment Start Date | Term of Reappointment | Brief Profile Summary |
|---|---|---|---|
| Mr. Abhishek Agrawal (DIN: 02434507) | November 9, 2026 | 5 years (until Nov 8, 2031) | Holds a Master's Degree in International Business from Leeds University, U.K., with over two decades of experience in developing and marketing iron ore pellets. |
| Mr. Siddharth Agrawal (DIN: 02180571) | April 1, 2027 | 5 years (until Mar 1, 2032) | Possesses an MBA in Finance and Marketing with over two decades of experience establishing and operating solar capacities within the Group. |
| Mr. Dinesh Kumar Gandhi (DIN: 01081155) | April [Date] | 5 years (until Mar 31, 2032) | Is a Fellow Member of the Institute of Chartered Accountants (ICAI) and The Institute of Company Secretaries in India (ICSI), with over four decades of experience in accounts and finance. |
Strategic Developments
The company noted several operational achievements during the period:- A 25 MW Solar Power plant was successfully commissioned on May 19, 2026.
- A 6.91 MW Waste Heat Recovery based Power Plant was commissioned on June 23, 2026.
Management also confirmed that the company received Rs. 25.05 Crores during the quarter from Preferential Allotment of Convertible Warrants (CWW). Of this amount, Rs. 24.83 Cr has been invested in Godawari New Energy Private Limited, a wholly owned subsidiary for setting up a Battery Energy Storage System Project, with the remaining amount being invested in establishing Cold Rolling Mill Plant.
GPIL Stock Price Movement
Godawari Power And Ispat limited shares slipped on Friday, shedding 1.47% from previous closing levels to settle at ₹240.61. The stock saw a traded volume of 1,747,484 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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