Regulatory19 May 2026, 09:30 pm
Godawari Power: No Deviation in Preferential Issue Proceeds
AI Summary
Godawari Power and Ispat Ltd confirms no deviation in the use of proceeds from preferential issues of Fully Convertible Warrants, as stated in the explanatory statement of the Extra-Ordinary General Meeting held on 15.10.2025. The audit committee reviewed the statement of nil deviation for the quarter ended 31.03.2026. The company raised ₹150.22 Cr through preferential issues, with ₹150.17 Cr utilized for investment in the BESS project. An additional ₹25.22 crores was raised on 07.01.2026, supplementing the ₹125 crores raised in the previous quarter.
Key Highlights
- No deviation in use of proceeds from preferential issues.
- ₹150.17 Cr utilized for investment in BESS project.
- ₹150.22 Cr raised through preferential issues.
- Audit Committee reviewed nil deviation statement for quarter ended 31.03.2026.
- ₹25.22 Cr raised on 07.01.2026, in addition to ₹125 Cr previously.