Please find attached herewith the intimation regarding Allotment of 1,41,535 Equity shares under GPIL ESOP Scheme 2023.

HIIEL kEH-- q5 im Eiien aPr 3in GODAWARI POWER & lspAT Date 31.08.2026 REF: GPILINSE&BSE/2026/6444 To, To, National Stock Exchange of India Limited BSE Limited Phiroze Jeej eebhoy Towers, Exchange Plaza, C/I , Block G, Bandra Kurla Complex, Bandra (East), Dalal Street, Mumbai-400001 . Mumbai-40005 I . Scrip Code: BSE: 532734 Scrip Code: GPIL Dear Sirs/ Madam, Sub: Intimation of Allotment of I,41,535 Equity shares upon exercise ofvested options under GPIL ESOP-2023. This is to intimate that the Nomination and Remuneration Committee through the Circular Resolution passed today, i.e., 31.08.2026 (at around 12:30 P.M.), approved the allotment of I,41,535 equity shares of the Company, arising out of the exercise of vested options under the Godawari Power and lspat Limited -Employee Stock Option Plan 2023' ("GPIL ESOP 2023"). Details of Shares AIlotted: S. Out of Exercise No. of shares No. of shares Cumulative No. of No. Price (Rs.) allotted earlier allotted today Shares Allotted as ondate 1. I s' Grant 116.20 13,15,135 53.965 13,69,100 2. 2nd Grant 116.20 73,855 69,390 1,43,245 3. 3rd Grant 156.00 0 18,180 18,180 Total 13,88,990 1'41,535 15,30,525 The equity shares so allotted shall rank pari-passu with the existing equity shares of the Company in all respects. Consequent to the above allotment, the paid-up share capital of the Company stands increased from Rs. 67,30,97,430/- to Rs. 67,32,38,965/-. The detailed disclosure required under Regulation 30 of SEBI Listing Regulations is enclosed herewith as ''Annexure-I". You are requested to take the above on record. Thanking you, Yours faithfully, For, Godawari Power and lspat Limited c-h€.` Y.C. Rao Company Secretary .¥.xrL`mTyfu ~ codan/Ori power & lspol Limiled ~~,¥r-~ An lso 9001 :2015, ls014001 :2015, ls0 45001 :2018, 50001 :2018 & 27001 :2022 cortifled company CIN L24I O0CTl 999PLCO13756 hegistered Office and Works: Plot No. 428/2, P-has-e i,-Ina=;trial Area, Siltara, Raipur -493111, Chhattisgarh, India P: +91 771 4082333, F: +91 771 4082234 Corporate Address: Hira Arcade, Near Old Bus Stand, Pandri, Raipur - 492004, Chhattisgarh, India P: +91 771 4082000, F: +91 771 4057601 \^/ww.godawaripowerispat.com, www.hiragroup.com HIIEL NE--- F tffl Hen t@ dr GODAWARI POWER & lspAT Annexure-I S. No. Particulars Details Brief details of options granted The present instance is the allotment of I.41,535 (One Lakh Forty-One Thousand Five Hundred Thirty-Five) Equity Shares of face value Re. I/-each fully paid up against the exercise of vested options under Godawari Power and Ispat Limited - Employee Stock Option Plan 2023' ("GPIL ESOP 2023"). The Options were granted earlier by the Company and disclosed to the stock exchanges, wherever applicable. 2. Whether the scheme is in terms of Yes, the scheme is in compliance with SEBI (Share SEBI (SBEB) Regulations, 2021 Based Employee Benefits and Sweat Equity) (if applicable) Regulations, 2021. 3. Total number of shares covered I,41,535 Shares of face value of Re. I/- each are by these options covered by stock options exercised. 4. Pricing formula The Exercise Price for the ESOPs granted under the I st Grant dated 15.01.2024, 2nd Grant dated 18.03.2024 and 3rd Grant dated 25.08.2025 was determined in accordance with the pricing formula as prescribed under the terms and conditions of the "GPIL-ESOP 2023„. Accordingly, the Exercise Price was determined at 25% discount to the Market Price of the Equity Shares as on the respective Grant Date, or such other discount as may be determined by the Nomination and Remuneration Committee from time to time. For this purpose, the Market Price was determined as the higher of the following: (i) the volume-weighted average market price of the equity shares of the Company for a period of thirty trading days immediately preceding the respective Grant Date, as traded on the stock exchange where the maximum volume of trading in the shares of the Company was recorded during such period; and (ii) the volume-weighted average market price of the equity shares of the Company for a period often trading days immediately preceding the respective Grant Date, as traded on the stock exchange where the maximum volume of trading in the shares of the Company was recorded during such period. Pursuant to the aforesaid pricing formula, the Exercise Price for the lst Grant dated 15.01.2024 and 2nd Grant dated 18.03.2024 was Rs. 116.20/-per share (Post Sub- division) after discount. _ =-- 3= --,---.- = -.--_ _A_~._.Tur=mf`A n 1 I S O 9 0 0 1 : 2 0 1 5 , l s o 1 14 40 00 01o1 :o 2:20d01a155w, , l salosro 4i 4 5p5000o01w1 : 2:e2001r18 a8, , 5I 50s00p0010a 1t: 2:0:18 & 27001 :2022 cerrified company CIN L24100CTI 9P9Pl.C013756 kegistered Office and Works: Plot No. 428/2, Phase 1, Industrial Area, Siltora, Raipur -493111 P: +91 771 4082333, F: +91 771 4082234 Corporate Address: Hira Arcade, Near Old Bus Stand, Pandri, Rciipur - 492004, Chhattis P: +91 7714082000, F: +91 7714057601 www.godawaripowerispat.com,www.hiragroup.com I-IIFEL Eiae-- F " © aa 3dr L7l,| '1 I \ T , , I I ED JL ICD^T In respect of -the-}r-d-Grant dated 25.08.2025, the Exercise Price determined in accordance with the same pricing formula was Rs.156/-(Rupees One Hundred Fifty-Six only) per Option. 5. Options vested Subject to fulfillment of all the pre-vesting conditions, stock options will vest as under: • 35% ofthetotal eligible options would vest on first anniversary of the Grant Date; • 35% of the total eligible options would vest on second anniversary of the Grant Date; and • Balance 30% of the total eligible Options would vest on third anniversary of the Grant Date. 6. Time within which option may be The Options may be exercised any time after vesting exercised but before 3 years from the date of vesting. 7. Opti ons exercised I,41,535 Options 8. Money realized by exercise of Rs. I ,71,69,931/-(i.e.1,23,355 Equity Shares @ options Rs.I 16.20/-per share and 18,180 Equity Shares @ Rs.156/- Per share) 9. The total number of shares arising 1,41,535 equity shares of Re. I each fully paid. as a result of exercise of option 10. Options lapsed 2,48,690 options lapsed due to resignation of the employees. Variation of terms of options There are no variations in the terms of options other than effect of`corporate action for sub division. 12. Brief details of significant terms The equity shares will be allotted, pursuant to the exercise of the stock options, would not be subject to lock-in. 13. Subsequent changes or Exercise of options cancellation or exercise of such options 14. Diluted earnings per share Rs. 2.96 pursuant to issue of equity shares The earnings as reported by the Company for the on exercise of options Quarter ended as on 30.06.2026 have been taken for the calculation of diluted earnings per share pursuant to the issue of eciuitv shares on exercise of options. AAnn llssoo 99000011 = :22001155 , I SlsOo 114400n0l 1.? 0:210 S1 5 ,I S lOso 4 4_5E0n0n17 .:92o0l1 F8t, 5f0ir0m0n1l .:?2o0l 1a8 A& ?277ri0n01 :2022 certified company ciN L24ioocn 999picoi 3756 I{egistered Office and Works: Plot No. 428/2, Phcise 1, Industrial Area, Siltara, Roipur -493111, Chhottisgarh, India P: +91 771 4082333, F: +91 771 4082234 Corporate Address: Hira Arccide, Near Old Bus Stand, Pandri, Raipur - 492004, Chhattisgarh, India P: +91 771 4082000, F: +91 771 4057601 www.godawaripowerispat.com, www.hircigroup.com