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Godawari Power and Ispat informs about outcome of board meeting

14 Sep 2021 Evaluate

In compliance with Regulation 30 of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 (‘LODR Regulations’) Godawari Power and Ispat has informed that Board of Directors of the Company in their meeting held today 14th September 2021 have approved the following proposals: Withdrawal of Scheme of Arrangement with Jagdamba Power & Alloys, Withdrawal of proposal for divestment of equity stake in GGEL, Proposal for purchase of 56 lacs equity shares of GGEL held by External Investors, Proposal for sub-division of each Equity Share of Face Value of Rs 10 each into 2 Equity Shares of Rs 5 each, Proposal for issue Bonus Shares, Increase in Authorised Share Capital and Convening of EGM. Detailed description regarding the same attached.

The above information is a part of company’s filings submitted to BSE.

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