Graphite India Limited (GIL) has invested ₹18.65 Crore in Godi India Private Limited (GIPL) through a rights issue, increasing its shareholding to 45.76%.
The investment was made in equity shares as per the rights entitlement. Prior to this investment, GIL's shareholding in GIPL was 33.77% of the outstanding paid-up share capital.
GIPL is involved in the research and development of supercapacitors and materials for advanced battery and related new age technologies. The company is currently in the development stage and has not yet commenced commercial operations.
The turnover of GIPL for the financial year ended March 31, 2024, was ₹1.54 Crore with a net loss of ₹22.31 Crore.
| Particulars | FY24 |
|---|---|
| Turnover | 1.54 |
| Net Loss | -22.31 |
The acquisition does not fall within related party transactions, and no promoter group companies have any interest in the entity. The subscription to the rights issue was on an arm's length basis. No governmental or regulatory approvals were required for this acquisition.
The shares were allotted on August 24, 2025, and the intimation of allotment was received on August 26, 2025, at 14:58 PM.
GIPL's turnover for the last three years is as follows:
GIPL has its presence in India.
GIPL is engaged in research and development of Supercapacitors and materials for advanced battery and related new age technologies.
The shares were allotted on August 24, 2025, and the intimation of allotment was received on August 26, 2025, at 14:58 PM.
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