GODAWARI POWER & ISPAT : CONVERTS CCPS TO EQUITY IN JAMMU PIGMENTS LTD

• GPIL's investment in Jammu Pigments Limited (JPL) increased from 26,77,506 equity shares to 85,69,762 equity shares (Rs 10/- each), representing 43.96% of JPL's paid-up capital. • The conversion was of 58,92,256 Compulsorily Convertible Preference Shares (CCPS) into an equal number of equity shares. • The conversion occurred on June 29, 2026, with no further infusion of funds. • The cost of investment in CCPS was Rs 10/- each at a premium of Rs 287/- per CCPS, aggregating Rs 175 Crores. • JPL is engaged in recycling non-ferrous metals, including lead-acid batteries and secondary lead waste.

Godawari Power and Ispat Ltd

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