Godawari Power Shares Surge 6% Following Acquisition Update

Godawari Power and Ispat Share Price Surges Following Investment in Wholly-Owned Subsidiary

Key Highlights:

• Godawari Power and Ispat share price jumped 6.77% to ₹267.85 apiece on the BSE on Friday.
• The company announced an increase in investment in its wholly-owned subsidiary, Godawari New Energy Private Limited (GNEPL), following the conversion of preference shares into equity.

Investment Details:

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• Godawari Power and Ispat received intimation from GNEPL regarding the allotment of 19.89 crore equity shares of ₹10 each upon conversion of 0.1% non-cumulative participating optionally convertible redeemable preference shares (OCRPS).
• The conversion pertains to two tranches of preference shares originally issued in November and December 2025 and was completed on March 18, 2026.
• Following the conversion, Godawari Power and Ispat's equity holding in GNEPL has risen from 10.11 crore shares to 30 crore shares, representing 100% of the paid-up capital, without any additional cash infusion.

Financial Impact:

• The conversion is treated as a non-cash transaction, with the total investment value pegged at ₹198.9 crore, reflecting the original cost of the preference shares.
• Godawari New Energy Private Ltd, incorporated in June 2025, operates in the battery energy storage systems (BESS) segment and is in the process of setting up a 20 GWh battery energy storage plant in its first phase.

Share Price Performance:

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• Godawari Power share price has remained flat in one month, but has risen 12% in three months.
• The stock has rallied 45% in one year and has jumped 100% in two years.
• Godawari Power shares have delivered multibagger returns of 722% in five years, and a staggering 9,550% over the past ten years.
• At 1:20 PM, Godawari Power share price was trading 5.36% higher at ₹264.30 apiece on the BSE.