A meeting of the Board of Directors of Godawari Power and Ispat Limited (GPIL) was held today (i.e. 24.12.2019) at the Sayaji Hotel, Raipur, Chhattisgarh. The Board of Directors of the Company has approved a Scheme of Arrangement ('Scheme') pursuant to Section 230 to 232 read with Section 52 and 66 of the Companies Act, 2013 for demerging the power business of Jagdamba Power & Alloys Limited (Demerged Company/ Jagdamba) into Godawari Power & Ispat Limited (Resulting Company/Godawari). The other details as per attached letter. Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, and in continuation to our earlier announcement dated 27.07.2021 regarding outcome of the Meeting of the Board of Directors held on 27.07.2021, it is hereby informed that The Hon'ble National Company Law Tribunal, Cuttack Bench, Cuttack vide its Order pronounced on 26.07.2021 (copy received through e-mail on 28.07.2021) ordered to convene Meetings of the Shareholders and Creditors of the 'Demerged Company' (Jagdamba Power and Alloys Limited) and the 'Resulting Company' (Godawari Power and Ispat Limited) to be held on 20.09.2021 for considering the Scheme of Arrangement of Godawari Power and Ispat Limited with Jagdamba Power and Alloys Limited. A detailed Notice convening the aforesaid Meetings will be sent in due course. (As per BSE Announcement Dated on 28/07/2021) In compliance with Regulation 30 of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations 2015 (LODR Regulations) we have to inform that Board of Directors of Godawari Power & Ispat Limited (the Company) in their meeting held today i.e. 14th September 2021 have approved the proposals as per letter dated 14.09.2021. (As Per BSE Announcement Dated on 14.09.2021)