Graphite India Invests ₹58.7 Cr in Godi India Rights Issue

Graphite India Limited (GIL) has subscribed to a rights issue in its associate company, Godi India Private Limited (GIPL), investing ₹58,70,84,478.75 (₹58.71 Crore) for 7,78,575 equity shares at ₹754.05 per share. This investment increases GIL's shareholding in GIPL from 45.76% to 52.68%. GIPL is engaged in R&D for Supercapacitors and advanced battery materials, with no commercial operations yet. The company reported a turnover of ₹113.93 Lacs and a net loss of ₹1,404.92 Lacs for FY26. The subscription was made on an arm's length basis and did not require regulatory approval.