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Godawari Power & Ispat informs about outcome of board meeting

06 Nov 2024 Evaluate
Godawari Power & Ispat has informed that Board of Directors of Godawari Power and Ispat (The Company) at its Meeting held today on 06th November 2024, has considered and approved the following proposals: Proposal to manufacture Opvc Pipes, by setting up a separate Unit. Opvc pipes are replacement of Ductile Iron Pipes, which are cost effective and the demand for which is going up. The required disclosure(s) under Regulation 30 of Listing Regulations are provided in Annexure A below; The proposal to amend the Object Clause of the Memorandum of Association ('MOA') of the Company subject to approval of members of the Company to enable the company to undertake and commence Opvc Pipes and allied businesses; Proposal to convene an Extra-Ordinary General Meeting (EGM) on Wednesday, the I lth day of December, 2024, through Video Conferencing for obtaining approval of shareholders, for amendment of main objects clause of the MOA of the Company. The notice of EGM will be sent to the shareholders and stock exchanges in due course separately; The proposal to acquire up to 60% equity stake in R. G. Pigments Private (RGP) for a consideration of Rs.56.75 Crores. RGP is engaged in business of recycling of non-ferrous metals industrial waste. The information pursuant to the provisions of Regulation 30 of SEBI (LODR) Regulations relating to the said acquisition is given in Annexure 8. The meeting commenced at 11.00 AM and concluded at 01:25 PM.

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

Godawari Power & Isp Share Price

254.45 4.05 (1.62%)
10-Jul-2026 16:59 View Price Chart
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