BSE 500 Stock Gains As NCLT Approves Merger With Subsidiary; Details Here

Regarding its proposed merger with its wholly owned subsidiary, Godawari Energy Limited, Godawari Power and Ispat Limited has released a significant update. The company notified the stock exchanges that the two companies' amalgamation plan had been authorized by the Cuttack Bench of the National Company Law Tribunal (NCLT) on March 10, 2026.

Following the above announcement, Godawari Power and Ispat Limited (GPIL) shares were trading at Rs 262.55 on the NSE as of 12:55 PM IST on March 12, 2026, a strong gain of 3.47% from its previous close.

Sections 230 to 232 of the Companies Act of 2013, which regulate corporate restructuring agreements including mergers, demergers, and amalgamations, were followed in the execution of the merger plan. The plan calls for the merger of Godawari Energy Limited, the transferor firm, with Godawari Power and Ispat Limited, the transferee company, and their respective shareholders.

Through a number of announcements released in 2025, the firm had previously updated stock exchanges on the status of the merger. Now that the NCLT has given its permission, the procedure is one step closer to being finished. A copy of the order has been provided to the stock exchanges for regulatory compliance, and it has also been posted on the tribunal's official website.

The National Stock Exchange of India Limited and BSE Limited filing states that the scheme's appointed date is April 1, 2025. This indicates that the merger will take effect on this date for operational and accounting purposes. But only until the certified copy of the NCLT ruling is submitted to the relevant Registrar of Companies (ROC) will the plan be legally operative. Godawari Energy Limited will officially merge with Godawari Power and Ispat Limited and cease to exist as an independent company once these formalities are finished.

The stock has shown significant volatility throughout the session, hitting an intraday high of Rs 268.00 after opening at Rs 253.75, while its low for the day stands at Rs 247.00. From a valuation standpoint, GPIL currently holds a market capitalisation of approximately Rs 17,638 Cr. Over the past year, the share price has fluctuated between a 52-week low of Rs 167.54 and a high of Rs 290.00.

Long products, iron ore pellets, and captive power generation are the areas of expertise for Godawari Power and Ispat Ltd (GPIL), a fully integrated steel factory situated in Chhattisgarh.