2,72,000 equity shares allotted on conversion of warrants

Godawari Power and Ispat Ltd has allotted 2,72,000 equity shares of Re. 1/- each on conversion of warrants by Shree Nakoda Pipe Impex Private Limited, a non-promoter group holder.

Thu 8 Oct 2026

Equity Shares Allotted

2,72,000 equity shares of Re. 1/- each on conversion of warrants

Balance Issue Price Received

Rs. 183.75 per warrant (75%), aggregating to Rs. 4,99,80,000/-

Paid-up Capital Change

from 67,32,38,965 to 67,35,10,965 shares

Warrant conversion completed

• The company has allotted 2,72,000 equity shares of face value Re. 1/- each on conversion of an equal number of warrants.
• The allotment was done by the Stakeholders' Relationship Committee of the Board through a circular resolution passed on 08.10.2026.
• The shares were allotted to Shree Nakoda Pipe Impex Private Limited, a non-promoter group entity.

What the warrantholder paid

• The warrants were issued at Rs. 245/- per warrant, out of which Rs. 61.25 per warrant (25% of the issue price) was received at the time of allotment of the warrants.
• On exercise of the conversion option, the balance Rs. 183.75/- per warrant (75% of the issue price) was received, aggregating to Rs. 4,99,80,000/-.
• The shares carry a premium of Rs. 244/- per share over the face value of Re. 1/-.

Where these warrants came from

• The company had earlier allotted 2,04,08,220 convertible warrants to the promoter, members of the promoter group and other identified non-promoters on a preferential basis by way of private placement.
• Of the 20,40,770 warrants allotted to Shree Nakoda Pipe Impex Private Limited, 2,72,500 warrants had been converted till date, 2,72,000 warrants are now opted for conversion, and 14,96,270 warrants remain pending for conversion.

Shareholding of the allottee

• Pre-allotment: 2,72,500 shares, being 0.04% of the total issued capital.
• Post-allotment: 5,44,500 shares, being 0.08% of the total issued capital.

Share capital position

• Issued, subscribed and paid-up equity capital before the allotment: 67,32,38,965 shares of Re. 1/- each.
• Issued, subscribed and paid-up equity capital after the allotment: 67,35,10,965 shares of Re. 1/- each.

Terms attached to the new shares

• The new equity shares rank pari passu with the existing equity shares in all respects, including payment of dividend and voting rights.
• The shares allotted are subject to lock-in as per the provisions of Regulation 167 of the SEBI (ICDR) Regulations, 2018.

What this means in simple terms

This is the final step of a conversion that was already agreed when the warrants were originally issued. Money that was only partly received at that time (25%) has now been fully collected, and the matching shares have been issued. Such conversions add to the total number of shares outstanding, which readers may note when tracking the company's share capital.

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