Godawari Power And Ispat limited (GPIL) — Corporate Action

· NSE 🔴 High Importance Neutral
📢 Key Event
Allotment of 13,61,000 equity shares on conversion of warrants by Meridien Realtech Private Limited
🔄 What Changed
Issued and subscribed capital increased from 67,13,64,910 to 67,27,25,910 shares
💡 Investor Takeaway
The conversion dilutes existing shareholders by increasing total shares outstanding while raising capital through warrant exercise.

Godawari Power and Ispat announced the conversion of 13,61,000 warrants held by Meridien Realtech Private Limited into equity shares, allotting new shares at a premium of Rs 244 each. The conversion required a balance payment of Rs 183.75 per warrant, aggregating to Rs 25,00,83,750. This increased the company's issued and subscribed capital from 67,13,64,910 to 67,27,25,910 shares of Re 1 each. The new shares rank pari passu with existing shares and are subject to SEBI lock-in rules.

📄 View Original Announcement (PDF)

About Godawari Power And Ispat limited (GPIL)

Capital Goods · Industrial Products · Listed on NSE

Market Cap: ₹19,367.78 Cr P/E: 23.9

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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