Regulatory7 Aug 2026, 06:20 pm
Godawari Power: Monitoring Report on ₹500 Cr Preferential Issue Proceeds
AI Summary
Godawari Power and Ispat Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, concerning the utilization of proceeds from its ₹500 crore preferential issue. The report, issued by CARE Ratings Limited, confirms no deviation from the stated objects. During the quarter, the company invested ₹100 crore in its subsidiary Godawari New Energy Private Limited (GNEPL) for a Battery Energy Storage System (BESS) project. However, only ₹24.83 crore was recognized as utilization towards the BESS project for Q1FY27, against an object limit of ₹175 crore. The report is submitted as per SEBI regulations.
Key Highlights
- Monitoring report for ₹500 Cr preferential issue proceeds submitted.
- No deviation from stated objects confirmed by CARE Ratings.
- ₹100 Cr invested in subsidiary GNEPL for BESS project.
- ₹24.83 Cr recognized as utilization for BESS in Q1FY27.
- Report filed as per SEBI regulations for quarter ended June 30, 2026.
Price Impact
More from GPIL