Acquisition

HIIEL raEE=EH tpe t5RT tz© aft 3in GODAWARI POWER & ISPAT Date: 04.07.2026 REF: GPILINSE&BSE/2026/63 88 National Stock Exchange of India Limited BSE Limited Phiroze Jeej eebhoy Towers, Exchange Plaza, C/1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai-400001. Mumbai-400051. Scrip Code: GPIL Scrip Code: BSE: 532734 Dear Sirs/ Madam, Sub.: Updates regarding Further Investment/Acquisition in Godawari New Energy Private Ltd (GNEPL), A Wholly Owned Subsidiary. In continuation of our earlier intimation dated 06.02.2026 & 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 of 20 Gwh Battery Energy Storage System Plant in First Phase. We would like to inform you that GPIL has received intimation on 04.07.2026 (i.e. Today) from GNEPL regarding allotment of 15,00,00,000 Equity Shares of Rs.10/- each at par aggregating to Rs.150.00 Crores on Rights Basis to the GPIL on 03.07.2026. Consequent upon aforesaid allotment, the GPIL's investment in GNEPL has been increased from 45,00,00,000 Equity Shares of Rs 10/-each to 60,00,00,000 Equity Shares of Rs 10/- each, aggregating to Rs. 600.00 Crores, comprising of 100% paid capital of GNEPL. 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 faithfully, For, Godawari Power and Ispat Limited Y.C. Rao Company Secretary Encl : As Above Godc]wari Power & lspal Limited An lso 9001 :2015, lso 14001 :2015, lso 45001 :2018, 50001 :2018 & 27001 :2022 certified company ciN i24i ooC`rl 999Pi.Col 3756 Registered Office and Works: Plot No. 428/2, Phase 1, lndustricil Area, Siltcircl, Raipur -493111, Chhattisgcirh, India P: +91 771 4082333, F: +91 771 4082234 C®rporate Address: Hire Arcade, Near old Bus Stand, Pcindri, Roipur -492004, Chhottisgarh, Indici P: +91 771 4082000, F: +91 771 4057601 www.godaworipowerispat.com, www.hiragroup.com HIIEL EZEE=EE q5 qRI tarn qfr 3ir GODAWARI POWER & lspAT Annexure - A Investment in Godawari New Energy Pvt Ltd. (A Wholly Owned Subsidiary Company) Sl. No. Particulars Investment in Godawari New Energy Pvt Ltd Name of the target entity, details in brief Godawari New Energy Private Limited such as size, turnover etc. (GNEPL) has 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 transaction, since GNEPL is a wholly owned the promoter/ promoter group/ group subsidiary. Except as stated above, the promoter/ companies have any interest in the entity promoter group/ group companies have no being acquired? If yes, nature of interest interest in GNEPL. and details thereof and whether the same is done at "arms- length" 3 Industry to which the entity being Energy Sector - Battery Energy Storage System acquired belongs (BESS). 4 Objects and effects of acquisition The funds invested by GPIL, will be utilized by GNEPL to meet proposed capex and working (including but not limited to, disclosure of reasons for acquisition of target entity, capital requirements for setting up Battery if its business is outside the main line of Energy Storage System Plant. business of the listed entity) 5 Brief details of any governmental or Not Applicable regulatory approvals required for the acquisition 6 Indicative time period for completion of The 15,00,00,000 Equity Shares of Rs.10 each the acquisition. have been allotted on 03.07.2026. 7 Nature of consideration- whether cash Rs.150.00 Crores (Cash consideration). consideration or share swap and details of the sane 8 Cost of acquisition or the price at which 15,00,00,000 Equity Shares of Rs.10 each at par the shares are acquired aggregating to Rs.150.00 Crores on Right Basis. 9 Percentage of shareholding/control 100% acquired and/ or no. of shares acquired 10 Brief background about the entity GNEPL has been incorporated on June 25, 2025 acquired in terms of products/line of and has not yet started its business and the business acquired, date of incorporation, Company is in process of setting up a BESS history of last 3 years turnover, country in Project. The Company is having its registered which the acquired entity has presence office at Raipur, Chhattisgarh and operations and any other significant information (in will be set up in the State of Maharashtra. As on brief) 31.03.2026, the Net worth of the Company was Rs 298.01 Crores and Turnover was NIL Godawarii PPoowweerr && IIsspp(at Limited AAAnn- i IslSs3oOs 9 .9:00-0=011- : 2:22:00`11:5I5,s, c II-SS:OOc : -11f44200?00:11` Y::2200s11°55::,, : 3llss:oo3 44Y550.0e00211 r ::2c20.0.11:8:8:,, .5 ?50o000`001. :2018 & 27001 :2022 cerlifiod company CIN L24100CT1999PLC013756 Registered Office and Works: Plot No. 428/2, Phase 1, Industrial Area, Siltara, Rciipur -493111, Chh P: +91 771 4082333, F: +91 771 4082234 Corporole Address: Hire Arcade, Neclr Old Bus Stand, Pclndri, Raipur 4-92004, Chhclttisgarh, ln;RE P: +91 771 4082000, F: +91 771 4057601 www.godc]wc]ripowerispat.com,www.hiragroup.com