Gallantt Ispat Limited shareholders approved a final dividend of ₹2 per equity share for the financial year ended March 31, 2026, during the company's 22nd Annual General Meeting (AGM). The meeting, held on September 30, 2026, via Video Conferencing (VC) and Other Audio-Visual Means (OAVM), also ratified the appointment of M/s. Singhi & Co as the new statutory auditors.

The board recommended the payout of ₹2 per share on equity shares with a face value of ₹10 each, representing a 20% dividend rate. This decision was part of the ordinary business transacted at the meeting, which also included the adoption of audited standalone and consolidated financial statements for FY26.

Key resolutions passed

Shareholders voted on several critical governance and financial matters. The appointment of M/s. Singhi & Co addresses a casual vacancy in the auditor position and secures their services for a term of five consecutive years. Additionally, the meeting approved material related party transactions with Gallantt Industry Private Limited and Gallantt Lifespace Developers Private Limited.

Governance and operational updates

Chandra Prakash Agrawal, Chairman and Managing Director, chaired the meeting and addressed shareholders on the company's performance during FY26. Mayank Agrawal, Chief Executive Officer, provided insights into operational efficiencies, sales strategies, branding initiatives, and technology innovations adopted by the company over the past fiscal year.

The meeting was conducted in compliance with Ministry of Corporate Affairs and SEBI circulars. Remote e-voting facilities were provided by National Securities Depository Limited (NSDL), allowing members to cast votes prior to and during the virtual session. The scrutinizer appointed for the voting process was Anurag Fatehpuria, Company Secretary in Practice.

Auditor and compliance status

The company reported that the Statutory Auditors' Report contained no qualifications or adverse observations regarding financial transactions or company functioning. Similarly, the Secretarial Audit Report did not highlight any adverse qualifications. Consequently, the full reports were not read aloud, adhering to standard procedural norms when no negative findings are present.

The voting results were scheduled for announcement on or before October 2, 2026, with subsequent disclosure to stock exchanges and posting on the company website.

Promoter group shareholder Smriti Agrawal has acquired 23,01,300 equity shares of Gallantt Ispat through an off-market gift transaction on September 18, 2026.

The acquisition was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The shares were gifted by Ashwin Gupta, who falls under the public category shareholder segment, along with his person acting in concert (PAC), Shweta Gupta.

Shareholding Details

Prior to this transaction, Smriti Agrawal held 2,00,000 shares, representing 0.083% of the total voting capital. Following the acquisition, her holding stands at 25,01,300 shares, or 1.037% of the total diluted share capital.

The total equity share capital of Gallantt Ispat remains unchanged at 24,12,80,945 equity shares of ₹10 each.

Promoter Group Consolidated Holding

The combined holding of Smriti Agrawal and her persons acting in concert (PACs) increased from 16,89,70,561 shares (70.031%) to 17,12,71,861 shares (70.985%) post-transaction. The PAC group includes entities such as Gallantt Trust, which holds the majority stake at 60.051%, and Gallantt Industry Private Limited with 1.099%.

This off-market transfer does not alter the total promoter group stake significantly in terms of percentage points but consolidates holdings within the promoter family structure.