GODAWARI POWER & ISPAT LTD. - 532734 - Disclosures under Reg. 10(7) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(i)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Prakash Agrawal & Pratap Agrawal GODAWARI POWER & ISPAT LTD. - 532734 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 -Resumption Of Operations At Sponge Iron Plant, Etc. At Siltara, Raipur, Chhattisgarh.
This has reference to our earlier communication dated 11th February, 2023 to Stock Exchanges, pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, vide which we have informed that the Shutdown of Sponge Iron Plant and other plants, etc. at Siltara, Raipur, Chhattisgarh. We wish to inform that the Sponge Iron Plant, Power Plants, Steel Melting Shop (SMS Plant), Rolling Mill and Wire Drawing Plants at Siltara, Raipur, Chhattisgarh have partially resumed its operations w.e.f. 24th March, 2023. The complete operations are expected to be resumed w.e.f. 1st April, 2023 onward. GODAWARI POWER & ISPAT LTD. - 532734 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the representatives of various Analysts/Institutional Investors/ Investors etc. will be visiting the plant of Godawari Power And Ispat Limited, situated at Slitara, Raipur, Chhattisgarh on Saturday, 25th March, 2023. The above-said plant visit has been arranged by Ambit Capital Private Limited. Please note that the above schedule may undergo a change due to exigencies on the part of Investors /Company. No Unpublished Price Sensitive Information (UPSI) will be shared during the aforesaid visit. The above information will also be available on the website of the Company. GODAWARI POWER & ISPAT LTD. - 532734 - Announcement under Regulation 30 (LODR)-Public Announcement-Buyback of Shares
This is in furtherance to our intimation dated March 18, 2023 informing the stock exchanges, that the Board of Directors of the Company has approved the proposal of Buy-back of 50,00,000 (Fifty Lakhs) fully paid-up equity shares of the Company of face value of Rs. 5 each at a price of Rs. 500 (Rupees Five Hundred only) per equity share, on a proportionate basis, through the tender offer route ('Buyback'), in accordance with the provisions of the Companies Act, 2013, and rules made thereunder, and Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended ('SEBI Buyback Regulations') and other applicable laws. In this regard, please find enclosed: (a) A copy of the Public Announcement, as published in newspapers; and (b) Certified true copy of the resolution passed by the Board of Directors on dated March 18 2023 for approving the proposal of Buyback. You are requested to kindly take the same on record.
Godawari Power up 1% on board approval for buyback plan
On March 18, the board of Godawari Power Ispat approved the plan to buy back shares worth up to Rs 250 crore, through the tender offer route. GODAWARI POWER & ISPAT LTD. - 532734 - Fixation Of Record Date For The Purpose Of Buy Back Of Equity Shares
Pursuant to Regulation 42 of the Listing Regulations and regulation 9(i) of the Buy-back Regulations, the Company has fixed Friday, March 31 2023, as the Record Date for the purpose of determining the entitlement and the names of the equity shareholders who shall be eligible to participate in the Buyback. GODAWARI POWER & ISPAT LTD. - 532734 - Board Meeting Outcome for Outcome Of Board Meeting Held On March 18, 2023-Approving Buy-Back Of Equity Shares.
Approved the buyback up to 50,00,000 (Fifty Lakhs) fully paid-up equity shares having a face value of ?5 (Rupees Five Only) each ('Maximum Buyback Shares'), representing up to 3.66% of the total number of Equity Shares in the paid-up equity share capital of the Company as on March 31, 2022 (excluding 45,00,000 shares held by Trust in Treasury) at a price of ?500 (Rupees Five Hundred only) per Equity Share ('Buyback Price'), payable in cash, for an aggregate amount not exceeding ?250.00 Crores (Rupees Two Hundred Fifty Crores only) ('Buyback Size'), representing 8.14% and 7.67% of the aggregate of the total paid up equity share capital and free reserves of the Company based on the audited standalone and consolidated financial statements of the Company as on March 31, 2022, respectively (being the latest standalone and consolidated audited financial statements available at the Board Meeting) Other details are given in the Outcome attached. GODAWARI POWER & ISPAT LTD. - 532734 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Partial Collapse Of Overburden Dump At Ari Dongri Mines - Partial Impact On Mining Operations
Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, this is to inform that an overburden dump at Company's Ari Dongri Iron Ore Mines has collapsed partially and the same has resulted into partial impact on the iron ore mining operations at the said mines. The Company is taking necessary measures to prevent the damage and resume the mining operations at full capacity, as soon as possible. Mining operations at low volumes shall continue till further notice. However, the same will not have any negative impact on the production of iron ore Pellets, as the Company is having sufficient inventory of iron ore at plant level for few weeks. Further details are given in the letter attached.
Godawari Power and Ispat shares rise on plans of potential buyback
Stock of Godawari Power and Ispat has managed to stage some recovery in recent months buoyed by improved prospects due to reopening of China. GODAWARI POWER & ISPAT LTD. - 532734 - Closure of Trading Window
In pursuance to the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015 (as amended from time to time) and the Company's Code of Conduct for Prevention of Insider Trading, the trading window for dealing in securities of the Company shall be closed from 15th day of March, 2023 (after dissemination of this notice) up to 48 (forty eight) hours after the conclusion of the Board Meeting scheduled to be held on Saturday, the 18th day of March 2023.