Godawari Power and Ispat Limited intimated the stock exchanges regarding the allotment of equity shares pursuant to the exercise of employee stock options.

Key Quantitative Figures

  • Total shares allotted: 1,41,535 equity shares of Re. 1 each
  • Money realized from exercise: ₹1,71,69,931
  • Exercise price breakdown: 1,23,355 shares @ ₹116.20 per share; 18,180 shares @ ₹156 per share
  • Paid-up capital increase: From ₹67,30,97,430 to ₹67,32,38,965
  • Diluted EPS post-allotment: ₹2.96 (calculated using earnings for quarter ended 30.06.2026)

Dates of Action

  • Committee approval: 31.08.2026 at approximately 12:30 PM
  • Grant dates: 1st Grant - 15.01.2024; 2nd Grant - 18.03.2024; 3rd Grant - 25.08.2025

Parties Involved

  • Nomination and Remuneration Committee (approving authority)
  • Employees who exercised options

Capital Structure Impact

  • Pre-allotment cumulative shares: 13,88,990
  • Current allotment: 1,41,535 shares
  • Post-allotment cumulative shares: 15,30,525
  • Breakdown by grant:
  • 1st Grant: 53,965 shares allotted (cumulative: 13,69,100)
  • 2nd Grant: 69,390 shares allotted (cumulative: 1,43,245)
  • 3rd Grant: 18,180 shares allotted (cumulative: 18,180)

ESOP Plan Details

  • Plan name: Godawari Power and Ispat Limited - Employee Stock Option Plan 2023 (GPIL ESOP-2023)
  • Pricing formula: 25% discount to market price determined as higher of:
  • 30-day volume-weighted average price preceding grant date
  • 10-day volume-weighted average price preceding grant date
  • Vesting schedule:
  • 35% on first anniversary of grant date
  • 35% on second anniversary of grant date
  • 30% on third anniversary of grant date
  • Exercise period: Within 3 years from vesting date
  • Options lapsed: 2,48,690 options lapsed due to employee resignations
  • No lock-in period on allotted shares
  • No variations in terms except for corporate action of sub-division

Financial Impact

  • Cash inflow: ₹1.72 crore from option exercise
  • Equity dilution: 1,41,535 shares added to capital base
  • Earnings impact: Diluted EPS calculated at ₹2.96 using most recent quarterly earnings

The equity shares allotted rank pari-passu with existing equity shares in all respects.