Gallantt Ispat Limited will seek shareholder approval for the appointment of four directors and the revision of remuneration for its senior management at an Extraordinary General Meeting (EOGM) scheduled for June 25, 2026. The meeting, to be held via video conferencing, aims to ratify the board's decisions regarding leadership expansion and compensation adjustments effective from April 1, 2026.

Director Appointments

The board proposes appointing Mr. Dindayal Jalan as a Director and Whole-time Director (designated as Vice-Chairman) for a term of five years ending March 31, 2031. Additionally, the company seeks approval for the appointment of three Non-Executive Independent Directors: Mr. Atul Kumar Gupta for a five-year term, and Mr. Sanjay Kumar Jain and Mr. Kishore Pariyar for two-year terms each. Mr. Gupta's appointment includes a provision for continuation beyond the age of 75 years, subject to shareholder approval.

Remuneration Revisions

The company has proposed increasing the remuneration of its key managerial personnel. Mr. Chandra Prakash Agrawal, Chairman & Managing Director, Mr. Prem Prakash Agrawal, Whole-time Director, and Mr. Nitin Mahavir Prasad Kandoi, Whole-time Director, will see their monthly salaries revised to Rs. 7,50,000 from April 1, 2026, with an annual increment of Rs. 50,000 starting April 1, 2027. The total remuneration for each of these directors shall not exceed 5% of the net profit of the company in any financial year.

CEO Remuneration

The remuneration of Mr. Mayank Agrawal, Chief Executive Officer, is also set to be revised to Rs. 7,50,000 per month effective April 1, 2026. As Mr. Mayank Agrawal is a relative of the Chairman & Managing Director, this revision requires shareholder approval under Section 188 of the Companies Act, 2013. The proposed transaction value is approximately 0.021% of the company's annual consolidated turnover for FY 2025-26.

Financial Performance

The company reported a net profit of Rs. 48,456.05 Lakhs for the year ended March 31, 2026, with a net worth of Rs. 3,31,623.97 Lakhs. The board states that the company has adequate profits, justifying the proposed remuneration increases.

Voting Details

Shareholders can vote through remote e-voting from June 22, 2026, at 9:00 A.M. IST until June 24, 2026, at 5:00 P.M. IST. The cut-off date for determining voting rights is June 18, 2026. Mr. Anurag Fatehpuria has been appointed as the Scrutinizer for the e-voting process.

Gallantt Ispat Limited will conduct its Extra-Ordinary General Meeting (EOGM) on June 01, 2026, through Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The company filed a disclosure with BSE Limited and the National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming the meeting schedule.

The announcement follows the provisions of Regulation 47 and Regulation 30 read with Schedule III Part A Para A of the SEBI regulations. To inform shareholders, the company published extracts of the newspaper advertisement in two publications: Business Standard (English - all editions) and Aaj (Vernacular – Hindi) on June 01, 2026.

The filing, signed by Company Secretary Nitesh Kumar, was submitted to the exchanges on June 01, 2026. The registered office of Gallantt Ispat Limited is located at the Gorakhpur Industrial Development Authority (GIDA), Sahjanwa, Gorakhpur - 273209, Uttar Pradesh.