Godawari Power and Ispat Limited gains on equity expansion as Rs 25 crore warrant conversion strengthens capital base

New Delhi [India], April 21: Shares of Godawari Power & Ispat Limited are expected to remain in focus after the company announced the allotment of 13.61 lakh equity shares following the conversion of warrants, signaling continued capital infusion and investor confidence.

The allotment comes pursuant to the exercise of conversion rights by Meridien Realtech Private Limited, which converted 13.61 lakh warrants into an equivalent number of equity shares at an issue price of ₹245 per share. The transaction resulted in an inflow of approximately ₹25 crore, representing the balance 75% of the warrant issue price.

With this development, the company's issued, subscribed, and paid-up equity share capital has increased from 67.13 crore shares to 67.27 crore shares. The newly allotted shares will rank pari passu with existing equity shares, including voting and dividend rights, subject to applicable regulatory lock-in provisions.

Post allotment, the shareholding of Meridien Realtech Private Limited has risen to 0.37% from 0.16%, reflecting a gradual increase in stake through phased warrant conversions. Notably, a significant portion of warrants—over 57 lakh—remains pending for conversion, indicating potential future equity dilution and capital inflows.

The move is aligned with the company's earlier preferential issue of over 2.04 crore warrants announced in November 2025. Market participants may track further conversions as a key trigger for liquidity and balance sheet strengthening, which could support the company's growth and expansion strategy going forward.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.

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