Godawari Power And Ispat Ltd.

In continuation of letter GPIL/NSE&BSE/2024/5672 dated 19th November 2024 for approval of the Board for acquisition of 51% stake on fully diluted basis in Jammu Pigments, subject to execution of Definitive Transaction Documents and pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, as amended, Godawari Power & Ispat has informed that Godawari Power and Ispat has entered into Definitive Transaction Documents with Jammu Pigments Limited (OPL) along with promoters of JPL on 19.11.2024, for acquisition of up-to 51% stake in the equity share capital of JPL on fully diluted basis for a consideration of Rs 254.52 Crores. The transaction is subject to compliance of the Conditions Precedent and same is expected to be completed by 31st March 2025. The information pursuant to the provisions of Regulation 30 of SEBI (LODR) Regulations relating to the said acquisition is given in Annexure A. A Press Release in connection with the acquisition of stake in JPL is also attached.

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