Godawari Power Board Recommends Rs. 1/Share Final Dividend, Approves FY26 Results
Godawari Power And Ispat Limited announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company recommended a final dividend of Re. 1 per share. It also proposed an additional investment of Rs. 200 Crores in subsidiary GNEPL for a BESS plant and a loan of up to Rs. 150 Crores to GERF.
The announcement includes financial results, dividend recommendation, significant investments in subsidiaries, and proposed loans, all of which are material events for the company and its shareholders.
The company reported positive financial results and recommended a dividend, along with strategic investments and subsidiary funding, indicating growth and financial health.
The Board of Directors of Godawari Power and Ispat Limited (GPIL) met on May 19, 2026, to consider and approve 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 recommended a final dividend of Re. 1/- per share (100%) for FY 2025-26, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The record date for dividend eligibility has been fixed as August 14, 2026, with payment expected within 30 days of declaration.
Furthermore, the company announced a proposal for additional investment of Rs. 200 Crores in its wholly-owned subsidiary, Godawari New Energy Private Limited (GNEPL), for its Battery Energy Storage System (BESS) Plant. This is in addition to an existing approved investment of Rs. 500 Crores, bringing the total initial investment in GNEPL to Rs. 700 Crores.
The Board also proposed to provide a loan of up to Rs. 150.00 Crores to its subsidiary, Godawari Education Research Foundation (GERF), for its Residential School Project. Additionally, proposals to revise the remuneration of Executive Directors Dinesh Agrawal, Siddharth Agrawal, and Abhishek Agrawal were approved, pending shareholder approval.
An Extra-ordinary General Meeting (EGM) is scheduled for June 27, 2026, to seek shareholder approval for the loan to GERF and the revised remuneration for Executive Directors. The company also proposed the re-appointment of M/s Singhi & Co. as Internal Auditors and M/s. Sanat Joshi & Associates as Cost Auditors for the Financial Year 2026-27.
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Godawari Power And Ispat limited filed this with the NSE as a statutory disclosure, categorised under consolidated results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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