Godawari Power & Ispat Limited announced that at its board meeting held on May 20, 2023, the board of directors has recommended the payment of final dividend of INR 4 per share (that is 80%) on equity share of INR 5 each for the fiscal year 2022-2023 on the entire paid up equity share capital of the company that is 135,944,988 equity shares of nominal value of INR 5 each. The dividend recommended by the board of directors of the company is subject to the approval of the shareholders at the upcoming annual general meeting of the company. The company has fixed August 19, 2023 as record date for the purpose of ascertaining the entitlement of members for the final dividend for the financial year 2022-2023.

If the final dividend, as recommended by the board of directors, is approved in the upcoming annual general meeting, payment of such dividend, subject to deduction of tax at source, will be made on or after September 20, 2023.