StockWatch
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Iron & Steel Products
Corporate Governance13 Nov 2026, 09:30 pm

Godawari Power: No Deviation in Preferential Issue Fund Use Q3 FY27

AI Summary

Godawari Power and Ispat Ltd has filed its Statement of Deviation Report for the quarter ended September 30, 2026. The company confirms there has been no deviation or variation in the use of proceeds from its preferential issue of Fully Convertible Warrants. The utilization aligns with the objects stated in the Explanatory Statement and the Extra-Ordinary General Meeting notices. The total unutilized amount as of September 30, 2026, was ₹0.008 crore. The company also stated that no amount was raised during the quarter.

Key Highlights

  • No deviation in the use of preferential issue proceeds.
  • Unutilized funds as of Sep 30, 2026, were ₹0.008 crore.
  • No funds were raised during the quarter.
  • Report complies with SEBI LODR Regulations, 2015.