Godawari Power: No Deviation in Preferential Issue Fund Use

Godawari Power and Ispat Ltd has filed a disclosure confirming no deviation in the utilization of funds raised through preferential issues of Fully Convertible Warrants. The report, reviewed by the Audit Committee, covers the quarter ended June 30, 2026. The company raised ₹175.23 crore via preferential issues on November 14, 2025. Funds were allocated to Project Funding (₹200 crore), Investment in BESS Project (₹175 crore), and General Corporate Purposes (₹125 crore). For the quarter ended June 30, 2026, ₹0.22 crore was utilized for Project Funding, while the BESS Project saw full utilization of ₹175 crore. The total unutilized amount as of June 30, 2026, was ₹0.008 crore.