Godawari Power and Ispat Ltd

Transmission within promoter group

• Nature: Transmission of GPIL shares within promoter group.
• Exemption: Regulation 10(1)(g) for transmission.
• Acquirer role: Promoter of GPIL.
• Transferor role: Promoter Group member.
• Transferred shares: 1,99,11,155 shares (2.95%).
• Post-transaction acquirer: 43,303,145 shares (6.43%).
• Post-transaction transferor: 0 shares (0%).
• Acquisition method: Transmission.
• Consideration: Nil.
• Pre-Transmission acquirer: 23,391,990 shares (3.48%).
• Pre-Transmission transferor: 19,911,155 shares (2.95%).
• Promoter group total: unchanged at 63.18%.
• Public shareholding: Unaffected; promoter control maintained.

Transaction basics

• Target: Godawari Power and Ispat Limited is the target company.
• Disclosing Party: N P Agrawal, promoter.
• Transaction Type: Transmission-based acquisition of voting rights.
• Date of transaction: 17 August 2026.

Pre-Transaction Holding

• Pre-Transaction voting rights held: 2,339,199 (3.48%).

Transaction Details

• Shares acquired: 19,911,155 (2.95% of total voting rights).
• Mode: Transmission.

Post-Transaction Holding

• Post-Transaction voting rights held: 43,303,145 (6.43%).

Share Capital Context

• Equity share capital before/after: 673,097,430 shares.
• Total diluted share capital after: 69,414,396 shares.
• Promoter group holding unchanged at 425,255,795 shares (63.18%).

GPIL Transmission Details

• Target Company: Godawari Power and Ispat Limited.
• Disclosing Party: N P Agrawal (Promoter; Promoter Group).
• Transaction Type: Transmission of equity shares (acquisition).
• Pre-Transaction Holding: 23,391,990 shares (3.48% voting; 3.37% diluted).
• Transaction Details: 19,911,155 equity shares acquired; 2.95% of share capital; on 17-08-2026.
• Post-Transaction Holding: 43,303,145 shares (6.43% voting; 6.24% diluted).
• Date of Transaction: 17 August 2026.
• Share Capital Context: Before 673,097,430 equity shares; After 694,143,996 diluted shares.

Key transaction details

• Nature: Transmission of GPIL shares within promoter group (inheritance).
• Exemption: Regulation 10(1)(g).
• Acquirer: Promoter; Transferor: Promoter group member.
• Shares transmitted: 1,99,11,155 shares (2.95%).
• Acquirer pre-holding: 23,391,990 shares (3.48%); post-holding: 43,303,145 shares (6.43%).
• Transferor pre-holding: 19,911,155 shares (2.95%); post-holding: 0 shares.
• Method: Transmission; Consideration: Nil.
• Promoter group consolidated stake unchanged; control remains within promoter group.
• Promoter group stake: pre 63.17%, post 63.18%.
• Public shareholding unaffected.

Financial Performance

• Q1 FY27 revenue grew YoY and sequentially.
• EBITDA margin 19.1%; PAT margin 12.7% in Q1 FY27.
• Profitability softened sequentially due to higher input costs.
• Beneficiation plant capex incurred till June 2026: INR 218 crores.

Operations and Capex

• Pellet capacity 4.7 mt; utilization 77% in Q1 FY27, ramp to 80–85% in FY27.
• Ari Dongri mine ramp-up planned from Q3; full scale FY28; beneficiation capex INR 218 crores.
• CRM complex moved to Maharashtra; land approval by Aug 2026; commissioning by Dec 2027.
• CRM capex envisaged at INR 1,100 crores; debt funding ~INR 550 crores.
• Integrated steel plant kept in abeyance due to water-allocation delays.
• 20 GW base project scheduled for commissioning in Q1 FY28.
• 9 MW WRHB plant commissioned; total WRHB capacity 49 MW.

Outlook and Guidance

• FY27 pellet production guidance of 4.0 mt; volumes may be slightly lower due to plant shutdown.
• Iron ore price expected to hover around USD 90–100; Simandou ramp delayed.

Q&A Highlights

• Steel plant kept optional pending water approvals; Vision 2030 guidance adjusted.
• BESS first container expected in Q1 FY28; tenders planned; Made in India components.
• Maharashtra CRM may improve local demand and reduce transport costs; incentives uplift margins by 2–3%.
• Gas supply costs and PNGRB pricing impact pellet economics; mining costs higher due to lower production.
• CBAM and WSA emission intensity trends discussed; longer-term iron ore pricing outlook.

Meeting Details

• Date of conference call: 10 August 2026.
• Type and mode: conference call; virtual.
• Event: Q1FY27 Results Conference Call.
• Recording: Audio recording is available on the company website.
• Board approved Q1FY27 results at meeting on 7 August 2026.

Participants

• Key participants: Board of Directors (approval of Q1FY27 results).
• Company Secretary served as signatory for filing.

Purpose

• Purpose: Share audio recording of the Q1FY27 conference call.

Availability

• Audio recording available on the company's website under Investor, Financials Reporting, Con Call Recording.