Godawari Power Board Approves FY26 Results, Recommends 100% Dividend
Godawari Power and Ispat Limited reported audited standalone and consolidated financial results for FY26. The Board recommended a final dividend of ₹1 per share (100%). The company plans to invest up to ₹200 Crores in its subsidiary GNEPL for a BESS plant and provide a loan of up to ₹150 Crores to GERF.
The approval of financial results, recommendation of a substantial dividend, and significant investments in subsidiaries are material events that are likely to impact the company's stock price and investor sentiment.
The company reported positive financial results and recommended a significant dividend, along with strategic investments in subsidiaries, indicating growth and shareholder returns.
Godawari Power and Ispat Limited (GPIL) announced that its Board of Directors, in a meeting held on May 19, 2026, approved the Audited Standalone & Consolidated Financial Results for the quarter and year ended March 31, 2026. The company's statutory auditors, M/s Singhi & Co., have expressed unmodified opinions on these financial statements.
The Board has recommended a final dividend of ₹1 per share (100%) on equity shares of ₹1 each for FY 2025-26. This dividend is subject to shareholder approval at the upcoming Annual General Meeting (AGM). The record date for determining eligibility for this dividend has been fixed as Friday, August 14, 2026. If approved, the dividend will be paid within 30 days of its declaration.
Further, the company proposed an additional investment of up to ₹200 Crores in its wholly-owned subsidiary, Godawari New Energy Private Limited (GNEPL), for setting up a Battery Energy Storage System (BESS) Plant. This is in addition to the existing approval of ₹500 Crores, bringing the total investment in GNEPL to ₹700 Crores.
The Board also proposed a loan of up to ₹150 Crores to its subsidiary, Godawari Education Research Foundation (GERF), for its residential school project. This loan is subject to shareholder approval in an upcoming Extra-Ordinary General Meeting (EGM).
Additionally, proposals to revise the remuneration of Executive Directors Shri Dinesh Agrawal, Shri Siddharth Agrawal, and Shri Abhishek Agrawal, and to re-appoint M/s. Singhi & Co. as internal auditors and M/s. Sanat Joshi & Associates as cost auditors for FY 2026-27 were also approved.
An EGM is scheduled for Saturday, June 27, 2026, to obtain shareholder approval for the loan to GERF and the revised remuneration for Executive Directors. The meeting commenced at 3:00 PM and concluded at 5:00 PM.
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