Acquisition

I-IIFEL z=-rfu ql tin t- ti Sin GODAWARI POWER & lspAT ' Ref: GPILINSE&BSE/2026/6485 Date: 29.09.2026 TO, To' BSE Limited National Stock Exchange of India Limited Phiroze Jeej eebhoy Towers, Exchange Plaza, C/1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai400001. Mumbai400051. Scrip Code: BSE: 532734 Scrip Code: GPIL Dear Sirs/ Mndan, Sub.: Updates regarding Further Investment/Acquisition in Godawari New Energy Private Ltd (GNEPL), A Wholly Owned Subsidiary. This is in continuation of our earlier intimation vide letter no. GPIL/NSE&BSE/2026/6318 dated 19.05.2026, wherein we had informed that the Godawari Power and lspat Limited (GPIL) has approved further investment in Godawari New Energy Private Limited (GNEPL) A Wholly Owned Subsidiary Company for the purpose of capex and working capital requirements of GNEPL for setting up Battery Energy Storage System Plant. We would like to inform you that GPIL has received intimation on 29.09.2026 (i.e. Today) from GENPL regarding allotment of 5,00,00,000 0.1°/a Non-Cumulative Participating Optionally Convertible Redeemable Preference Shares of Rs.10/-each at par aggregating to Rs.50.00 Crores ¢ifty Crores Only) on Right Basis to the GPIL on 28.09.2026. • The details in respect of the above investment as required to be disclosed under Regulation 30 of the SEBI Listing Regulations, are set out below at Annexure-A. This is for your information and record. Thanking you, Yours futhfully, For, Godawari Power and Ispat Limited Y.C. Rao Company Secretary Encl : As Above Godowari Power & Ispat Llmlled An ISO Pool :2015, ls014001 :2015, lso 45001 :2018, 50001 :2018 & 27001 :2022 cortifi®d company CIN L24l ooCT1_99.I'LCol 37S6 •egislered Ofllce and Works: Plot No. 428/2, Phase 1, Industrial Area, Siltoro, Raipur -493111, Chhottisgcirh, India P: +91 7714082333, F: +91 7714082234 Corporate Address: Hiro Arcade, Necir Old Bus Stand, Pondri, Raipur - 492004, Chhcittisgcirh, lndio P: +91 7714082000, F: +91 7714057601 www.godciworipowerispot.com, www.hiragroup.com HIFEL q6 FT Htgiv @ aiR CODAWARI POWER & ISPAT AnnexureL A Investment in Godawari New Energy Pvi Ltd, (A Who][y Owned Subsidiary Company) Sl. No, Particulars Investment in Godawari New EDergy Pvt Ltd Name of the target entity, details in briefsuch Godawari New Energy Private Limited (GNEPL) has as size, tunover etc. been incorporated on June 25, 2025 and has not yet started its business. 2 Whether the acquisition would fall within The investment in GNEPL is a related party related party transaction(s) and whether the transaction, since GNEPL is a wholly owned promoter/ promoter group/ group companies subsidiary. Except as stated above, the promoter/ have any interest in the entity being acquired? . promoter group/ group companies have no interest in If yes, nature of interest and details thereof GNEPL. and whether the same is done at "arms- length" 3 Industry to which the entity being acquired Energy Sector - Specially in Battery Energy Storage belongs System (BESS). 4 Objects and effects of acquisition (including The funds invested by GPIL, will be utilized by but not limited to, disclosure of reasons for GNEPL to meet proposed capex and working capital acquisition of target entity, if its business is requirements for setting up Battery Energy Storage outside the main line of business of the listed System Plant. entity) .5 Brief details of any governmental or Not Applicable regulatory approvals required for the acquisition 6 Indicative time period for completion of the The Preference Shares of Rs. 50.00 Crores have been acquisition. allotted on 28.09.2026. 7 Nature of consideration- whether cash Rs.50.00 Crores consideration or share swap and details of the Same 8 Cost of acquisition or the price at which the 5,00,00,000 Preference Shares of Rs.10 each at par shares are acquired aggregating to Rs.50.00 Crores (Rupees Fifty Crores only) on Right Basis. 9 Percentage of shareholding/ control acquired 100% and/ or number of shares acquired 10 Brief background about the entity acquired in GNEPL has been incorporated on June 25, 2025 and terns of products/line of business acquired, has not yct started its business and the Company is in date of incorporation, history of last 3 years process of setting up a BESS Project. The Company turnover, country in which the acquired entity .is having its registered office at Raipur, Chhattisgarh has presence and any other significant and operations will be set up in the State of information (in brief) Maharashtra. As on 30.06.2026, the Net wolth of the Company was Rs 447.98 Crores and Turnover was Oodow/ori Power & lspa. Llmi.ed An lso 9001.2015, ls0 14001.2015, lso 45001 :2018, 50001 :2018 a 27001 :2022 certified company CIN L24loocTl999PLC013756 •egistered Offlce and Works: Plot No. 428/2, Phase 1, lndustrTal Area, Siltara, Raipur -493111, Chhcittisgorh, India P: +91 771 4082333, F: +91 771 4082234 Corporate Address: Hire Arccide, Near Old Bus Stand, Pondri, Raipur - 4?2004, Chhattisgorh, India P: +?17714082000, F: +91 7714057601 www.godawc]ripowerispcit.com, www.hiragroup.com