Godawari Power and Ispat Allots 1,97,002 Equity Shares Under Employee Stock Option Plan

Godawari Power and Ispat Limited has successfully allotted 1,97,002 equity shares under its Employee Stock Option Plan 2023 (GPIL ESOP-2023), marking another milestone in the company's employee benefit initiatives. The Nomination and Remuneration Committee approved the allotment through a circular resolution passed on 21.03.2026 at around 10:45 A.M.

Share Allotment Details

The allotment comprises shares from two different grants under the ESOP scheme:

Grant Type Shares Allotted Earlier Shares Allotted Today Cumulative Shares Allotted 1st Grant 7,82,850 1,72,480 9,55,330 2nd Grant 37,618 24,522 62,140 Total 8,20,468 1,97,002 10,17,470

The 1,97,002 equity shares have a face value of Re. 1 each and are fully paid up. These shares will rank pari-passu with the existing equity shares of the company in all respects.

Financial Impact and Pricing

The exercise of these stock options generated Rs.2,28,91,632.40 for the company. The exercise price was set at Rs.116.20 per share, which reflects a 25% discount to the market price as determined by the company's pricing formula. This pricing was adjusted following the company's share subdivision, where one equity share of face value Rs. 5 was subdivided into five equity shares of Re. 1 each.

Consequent to this allotment, the company's paid-up share capital has increased from Rs.67,11,67,908 to Rs.67,13,64,910.

ESOP Scheme Structure

The GPIL ESOP-2023 operates under a structured vesting schedule designed to retain talent and align employee interests with company performance:

35% of total eligible options vest on the first anniversary of the grant date

35% of total eligible options vest on the second anniversary of the grant date

30% of remaining options vest on the third anniversary of the grant date

Employees can exercise their vested options within three years from the date of vesting. The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Additional Developments

During the reporting period, 2,48,690 options lapsed due to employee resignations, highlighting the natural attrition factor in ESOP schemes. The company reported that there were no variations in the terms of options other than adjustments for corporate actions related to share subdivision.

The diluted earnings per share pursuant to the issue of equity shares on exercise of options stands at Rs. 8.91, calculated based on the company's earnings for the nine-month period ended 31.12.2025. The newly allotted equity shares are not subject to any lock-in period, providing immediate liquidity to the option holders.

Godawari Power & Ispat Limited has announced a virtual one-to-one analyst meeting with Systematix Group, scheduled for March 24, 2026. The company has formally communicated this development to both BSE Limited and National Stock Exchange of India Limited in compliance with regulatory requirements.

Meeting Details

The virtual analyst interaction has been scheduled with specific parameters to ensure proper disclosure and transparency.

Parameter: Details Date: Tuesday, March 24, 2026 Time: 3:00 PM to 4:00 PM Participant: Systematix Group Format: Virtual One-to-One Meeting Type: Analyst Interaction

Regulatory Compliance

The company has issued this intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The communication, dated March 20, 2026, was sent to both major stock exchanges where the company's shares are listed. Godawari Power & Ispat Limited trades on BSE with scrip code 532734 and on NSE with symbol GPIL.

Key Disclosures

The company has made several important disclosures regarding the upcoming meeting. Management has confirmed that no unpublished price sensitive information will be shared during the analyst interaction. Additionally, the company has noted that changes may occur due to exigencies on the part of the organizer, analyst, institutional investors, fund house, investors, brokers, or the company itself.

Information Accessibility

The meeting information has been made publicly available through the company's official website at www.godawaripowerispat.com . This ensures transparency and equal access to information for all stakeholders. The formal communication was signed by Y.C. Rao, Company Secretary, and digitally authenticated on March 20, 2026.

Godawari Power & Ispat Limited operates as an ISO certified company with multiple certifications including ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, 50001:2018, and 27001:2022. The company maintains its registered office and works at Siltara, Raipur, Chhattisgarh, with corporate address at Pandri, Raipur.

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