Gallantt Ispat has notified shareholders to claim unclaimed final dividends for FY 2018-19 by September 30, 2026, to avoid the transfer of equity shares to the Investor Education and Protection Fund (IEPF). The company stated that dividends remaining unpaid for seven years and shares in respect of which dividend has not been claimed for seven consecutive years are liable to be transferred to the IEPF under the Companies Act, 2013.

The company has sent individual communications to concerned shareholders at their registered addresses. Shareholders are advised to claim the outstanding dividends by the specified deadline. If the dividends are not claimed by September 30, 2026, the entire equity shares related to the unclaimed amounts will be transferred to the IEPF without further notice. Once transferred, no claim will lie against the company regarding these shares.

For shares held in physical form that are due for transfer to the IEPF, the company will issue new share certificates in lieu of the originals. Upon issuance, the original share certificates will stand automatically cancelled and be deemed non-negotiable. Shareholders may reclaim both the unclaimed dividend and the transferred shares from the IEPF Authority by following the procedures laid down under the relevant rules.

Key Details for Shareholders

Shareholders can verify the complete details of concerned shareholders on the company's website under the Investors Corner. For queries, shareholders may contact Niche Technologies Private Limited, the company's Registrar and Share Transfer Agent, or Mr. Nisha Kumar, Company Secretary, at the registered office.

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.