Acquisition

HIIEL F i" a" rfu ch GODAWARI POWER & lspAT Date: 30.06.2026 REF: GPILINSE&BSE/2026/6373 National Stock Exchange of India Limited BSE Limited Exchange Plaza, C/1, Block G, Phiroze Jeej eebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Mumbai-400051. Mumbai-400001. Scrip Code: GPIL Scrip Code: BSE: 532734 Dear Sirs/ Madam, Sub.: Acquisition of Equity Shares by way of Conversion of Compulsorily Convertible Preference Shares (CCPS) in Jammu Pigments Limited (JPL). Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and DisclosureRequirements)Regulations,2015,wewouldliketoinfomyouthatourCompanyi.e. Godawari Power and Ispat Limited (GPIL) has received intimation on 30.06.2026 (i.e. Today) from Jammu Pigments Limited (JPL), An Associate Company of GPIL regarding allotment of 58,92,256 Equity Shares of Rs 10/-each at a premium of Rs 287/-per share upon conversion of 58,92,256 Compulsorily Convertible PI.eference Shares (CCPS) into equal number of equity shares on 29.06.2026 as per the terms and condition of issue of ccps. ConsequentuponaforesaidconversionofccpsintoequalnumberofsharesofJPL,theGPIL's investment in JPL has been increased fi.om 26,77,506 Equity Shares to 85,69,762 Equity Shares of Rs 10/-each, representing 43.96 % of 1,94,96,456 equity paid up share capital of JPL, without any further infusion of funds into JPL. 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. Thics is for your -information and record. Thanking you, Yours faithfully, For, Godawari Power and Ispat Limited Y.C. Rao Company Secretary Encl: As Above ®odawari Power & Ispat Limited An lso ?001 :2015, lso 14001 ;2015, lso 45001 :2018, 50001 :2018 & 27001.2022 certified company CIN L24100CTl 999PLCol 3756 Reg!stel.ed Oflice and `^/orks: Plot No. 428/2, Phase 1, Industrial Area, Siltarci, Raipur -493111, Chhattisgarh, India P: +917714082333, F: +91 7714082234 Corporate Addi.ess: Hiro Arcade, Near Old Bus Stand, Pandri, Raipur - 4?2004, Chhattisgarh, India P: +91 7714082000, F: +91 7714057601 www.godciwaripowerispclt.com,www.hiragroup.com HIFEL LEEN fi qai zdy Higiv ch dr GODAWARI POWER & lspAT AnnexureL A Investment in Jammu Pigments Limited (JPL), An Associate Company GPIL by way of Conversion of Compulsory Convertible Preference Shares (CCPS). Sl. No. Particulars Investment in Jammu Pig|nents Limited (JPL) Name of the target entity, details in Jammu Pigments Limited (JPL). JPL is engaged in the briefsuch as size, turnover etc. Business of Recycling of Non-Ferrous Metals with operations covering recycling of Lead Acid Batteries and other Secondary Lead waste. The company and its subsidianes are also equipped to process complex mixtures of Industrial waste of non-ferrous metals. JPL's advanced technical expertise enables the efficient extraction of trace metals from waste materials, ensuring highly cost-effective operations. JPL & its subsidiaries have manufacturing units located at Kathua district, Jammu & Kashmir and Kota, Rajasthan 2 Whether the acquisition would fall The investment in JPL is a related party transaction, since within related party transaction(s) JPL is an Associate Company and accordingly a related party and whether the promoter/ to the Company. The acquisition is through conversion of promoter group/ group companies CCPS into Equity. The Company invested in CCPS in the haveanyinterestintheentitybeing FY 2024-25. No further investment was made. Except as acquired? If yes, nature of interest stated above, the promoter/ promoter group/ group and details thereof and whether the companies have no interest in JPL. same is done at "arms- lenth" 3 Industry to which the entity being Recycling of Non-Ferrous Metals including Lead Acid acquired belongs Batteries, other secondary waste and Industrial Waste. 4 Objects and effects of acquisition No infusion offurther funds into JPL as equity shares have (including but not limited to, been allotted upon conversion of CCPS on 29.06.2026 as disclosure of reasons for per the terms and condition of issue of CCPS. acquisition of target entity, if its business is outside the main line of business of the listed entity) 5 Brief detalls of any govemmental Not Applicable or regulatory approvals required for the acquisition 6 Indicative time period for 58,92,256 equity shares of Rs 10/-each upon conversion of completion of the acquisition. 58,92,256 CCPS on 29.06.2026 as per the terms and condition of issue of ccps. 7 Nature of consideration- whether Non-Cash Consideration cash consideration or share swap Allotment of 58,92,256 equity shares upon conversion of and details of the same 58,92,256 CCPS on 29.06.2026. 8 Cost of acquisition or the price at No further investment has been made, the cost of which the shares are acquired investment made in CCPS of Rs 10/- each at a premiuin of Rs 287/- per CCPS aggregating Rs 175 Crores. -_.~r y --`-.-`--.--. -.-A -£¥,#Odg:;:£2;O:1:8,&s:,::::,2:::pc::,fi:;;ipTO,nyc:h:S¢``fr£;}EPower&lsp_ol-L_im it e.d.8.2^33_3, F :+ 9\1.7.714082234 ~pr~_n~~F.~AI.~_~~~__~~==;=d=:w==j_AnISO9001:2015,ISO14001:2015,lsoCINL2dofficeandWorks:PlotNo.428/ErFFaP:+9177140 ~-,,,^giv,rdegiste,.e Corporale Address: Hiro Arcade, Near old Bus Stand, Pondri, Roipur -492004, Chhattisgcirh, India . -~ P: +91 7714082000, F: +91 7714057601 www.godciwaripowerispat.com, www.hirogroup.com Great11,I1®,Ir~:~ tzT5B rna I-II a FT aiien QPr dr GODAWARI POWER & ISPAT 9 Percentage of shareholding/ The GPIL's shareholding in JPL has been increased from control acquired and/ or number 26,77,506 equity Shares to 85,69,762 Equity Shares ofS ySndSeR) of shares acquired 10/- each, which representing 43 .96 % of 1,94,96,456 Equit Paid Up Share Capital without any further infusion of fund into JPL 10 Brief background about the entity The JPL was incorporated on 29.08.2005. JPL is engaged i acquired in terms of the Business of Recycling of Non-Ferrous Metals with productsnine of business operations covering recycling of Lead Acid Batteries an acquired, date of incorporation, other Secondary Lead waste. JPL has manufacturing unit history of last 3 years turnover, located at Kathua district, Jammu & Kashmir and Kota country in which the acquired Rajasthan. The financials of the Company for the last thre entity has presence and any other financial years are as under: significant infomation (in brief) (Rs in Crores Financial Year Tunover PAT Net Worth 2023-24 592.30 22.55 128.66 2024-25 642.50 14.69 123.30 2025-26 877.89 33.26 156.49 -- -rfe --I._ y ._,~~~#=:rm;s-:-;:;,=:::so,:o:,d2aoY5:,::?:oYie2roi:,:::o:'2oLi'8m&j::odoi2o22cerf.f.edcompany`urur CIN L24` 00CTI O99PIC013756 Reglslered Office and Works: Plot No. 428/2, Phcisl=TIFldustridl iiJa, Siltara, Raipur -493111, Chhottisgorh, India P: +91 771 4082333, F: +?1 771 4082234 Corporate Address: Hiro Arcade, Near old Bus Stand, Pandri, Raipur -492004, Chhattisgarh, India P: +91 771 4082000, F: +91 771 4057601 www.godawc]ripowerispclt.com,www.hirogroup.com