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 listed 13,72,500 new equity shares of Godawari Power and Ispat Ltd. (Scrip Code: 532734) on a preferential basis, issued pursuant to the conversion of warrants to non-promoters. These shares are permitted to trade on the Exchange with effect from Monday, February 23, 2026.

Key Points

  • 13,72,500 equity shares of Re. 1/- each issued at a premium of Rs. 244/- (issue price Rs. 245/-) to non-promoters on a preferential basis
  • Shares issued pursuant to conversion of warrants
  • New shares rank pari-passu with existing equity shares of the company
  • Distribution numbers: 669795409 to 671167908
  • ISIN: INE177H01039
  • All 13,72,500 shares are subject to lock-in until October 10, 2026

Regulatory Changes

No regulatory changes. This is a standard listing notification for newly allotted securities.

Compliance Requirements

  • Trading members are informed that the new securities are listed and permitted to trade from February 23, 2026
  • Lock-in restriction applies to all 13,72,500 shares (dist. nos. 669795409–671167908) until October 10, 2026; these shares cannot be traded during the lock-in period

Important Dates

  • Date of Allotment: January 7, 2026
  • Trading Effective From: February 23, 2026 (Monday)
  • Lock-in Expiry: October 10, 2026

Impact Assessment

The listing is routine and of low market impact. All newly issued shares are under lock-in until October 10, 2026, meaning they will not add to tradeable float immediately. The issue price of Rs. 245/- per share (face value Re. 1/- + premium of Rs. 244/-) provides a reference point for market participants. The addition of 13,72,500 shares represents a modest dilution relative to the company’s existing share capital.

Impact Justification

Routine listing of new equity shares from warrant conversion on preferential basis; limited market impact as shares are subject to lock-in until October 2026 and represent a small addition to existing float.