Nature of Update

Other Corporate Update - Incorporation of a wholly-owned subsidiary company

Key Operational or Strategic Points

  • Board of Directors approved the incorporation on 01.10.2026
  • Subsidiary name: Godawari Energy Solutions Private Limited (GESPL)
  • Registered office will be situated in the State of Maharashtra, India
  • Subsidiary will undertake Engineering, Procurement and Construction (EPC), turnkey projects
  • Specific activities include engineering, procurement, construction, erection, installation, testing, commissioning, operation and maintenance
  • Focus areas: Battery Energy Storage Systems, renewable energy, power, electrical and allied infrastructure projects
  • Industry classification: Other civil engineering/Infrastructure projects
  • Required approvals: Registrar of Companies (ROC), Central Registration Centre (CRC), Ministry of Corporate Affairs (MCA)
  • Date of Incorporation: Under process

Material Financial Impact

  • Initial investment: ₹10.00 Lakhs
  • Share structure: 1.00 Lakh equity shares of face value of ₹10/- each at Par Value
  • Funding source: Cash consideration
  • Percentage of shareholding: 100% ownership by Godawari Power and Ispat Limited
  • The financial impact is minimal given the small initial investment amount