Godawari Power & Ispat Limited announced that at its board meeting held on May 24, 2024, the Board of Directors has recommended the payment of Final dividend of INR 5 per share (that is 100%) on equity share of INR 5 each for the Fiscal Year 2024 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 by the shareholders at the ensuing Annual General Meeting of the Company. The record date for the purpose of ascertaining the entitlement of members for the final dividend for the Fiscal Year 2024 will be announced in due course of time.

If the final dividend, as recommended by the Board of Directors, is approved and declared in the upcoming Annual General Meeting, the payment of such dividend, subject to deduction of tax at source, will be made within 30 days from the date of declaration.