Corporate Action8 Oct 2026, 03:16 pm
Godawari Power Allots 2.72 Lakh Shares Post Warrant Conversion
AI Summary
Godawari Power and Ispat Ltd has allotted 2,72,000 equity shares of Re 1/- each at a premium of Rs. 244/- per share, totaling Rs. 4,99,80,000/-, consequent to the conversion of warrants by Shree Nakoda Pipe Impex Private Limited. This conversion represents 75% of the issue price paid for the warrants. The allotment increases the company's issued and paid-up capital. The new shares rank pari passu with existing equity shares but are subject to lock-in provisions as per SEBI regulations.
Key Highlights
- Allotment of 2,72,000 equity shares upon warrant conversion.
- Total funds raised from conversion amount to ₹4.998 Crore.
- Shree Nakoda Pipe Impex Private Limited converted warrants.
- New shares rank pari passu but are subject to lock-in.
- Company's issued and paid-up capital has increased.
Price Impact
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