Description

BSE lists 13,72,500 new equity shares of Godawari Power and Ispat Ltd. issued on a preferential basis pursuant to conversion of warrants, effective February 23, 2026.

Summary

BSE has notified trading members that 13,72,500 new equity shares of Godawari Power and Ispat Ltd. (Scrip Code: 532734, ISIN: INE177H01039) are listed and permitted to trade on the Exchange with effect from Monday, February 23, 2026. These shares were issued at a premium of Rs. 244/- per share (face value Re. 1/-) to Non-Promoters on a preferential basis pursuant to conversion of warrants.

Key Points

  • Company: Godawari Power and Ispat Ltd. (Scrip Code: 532734)
  • Number of Shares: 13,72,500 equity shares of Re. 1/- each
  • Issue Price: Rs. 245/- per share (Re. 1/- face value + Rs. 244/- premium)
  • Allottees: Non-Promoters (preferential basis)
  • Basis of Issue: Conversion of warrants
  • Pari-passu: Shares rank pari-passu with existing equity shares
  • Distribution Numbers: 669795409 to 671167908
  • ISIN: INE177H01039
  • Trading Effective From: Monday, February 23, 2026

Regulatory Changes

No new regulatory changes introduced. This is a standard listing notification under BSE’s listing regulations for newly issued securities pursuant to preferential allotment and warrant conversion.

Compliance Requirements

  • Trading members are informed to update their systems to permit trading of the new securities from February 23, 2026.
  • The entire allotment of 13,72,500 shares is subject to a lock-in period and cannot be freely traded until after October 10, 2026.

Important Dates

  • Date of Allotment: January 7, 2026
  • Trading Commencement: February 23, 2026
  • Lock-in Expiry: October 10, 2026

Impact Assessment

The listing increases Godawari Power and Ispat Ltd.’s tradable equity base by 13,72,500 shares, representing a modest dilution for existing shareholders. Since these shares are issued to Non-Promoters via warrant conversion, this signals prior fund-raising activity. The lock-in until October 10, 2026 limits immediate secondary market supply from this tranche. Market impact is expected to be low to moderate given the lock-in restriction. Existing shareholders should note the slight dilution effect on earnings per share.

Impact Justification

Routine listing of new equity shares from warrant conversion on preferential basis; relevant to existing and prospective shareholders of Godawari Power and Ispat Ltd. Lock-in period applies until October 2026.