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As on : 13-Nov-2026
Corporate News
13-Nov-2026      22:27

Godawari Power & Ispat confirms no deviation in Rs 175.23 crore proceeds use

Godawari Power & Ispat Ltd. announced on November 13, 2026, that there was no deviation or variation in the use of proceeds from its preferential issue of Fully Convertible Warrants, as detailed in the explanatory statement dated September 18, 2025, and the corrigendum to the notice of the extraordinary general meeting dated October 7, 2025. The company raised Rs 175.23 crore through the preferential issue and CARE Ratings Limited is the monitoring agency, with Rs 0.008 crore remaining unutilized as of September 30, 2026.

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