Gallantt Ispat Board Recommends 20% Final Dividend Amid Promoter Waiver for Expansion
Gallantt Ispat Limited announced that its Board of Directors, during a meeting held on Tuesday, May 5, 2026, recommended a final dividend for the financial year ended March 31, 2026. The dividend is subject to final approval by the company's shareholders at the ensuing Annual General Meeting (AGM).The Board recommended a final dividend of 20% on the paid-up share capital. The details of the recommended dividend are as follows:
| Metric | Detail |
|---|---|
| Dividend Percentage | 20% |
| Dividend Amount | Rs. 2.00 (Two Rupees Only) per equity share |
| Face Value per Share | Rs. 10/- |
The final dividend is slated to be paid within 30 days from the date of its declaration at the AGM.
In a related operational update, Gallantt Ispat reported that several Promoter and Promoter Group shareholders voluntarily waived their right to receive the final dividend for the year 2025-26. This collective action, which saw some Promoter Group Shareholders making the waiver, is aimed at retaining funds to support ongoing expansion activities of the company.
The Board Meeting commenced at 5:00 P.M. and concluded at 11:05 P.M.
GALLANTT Stock Price Movement
On Tuesday, Gallantt Ispat Limited shares edged higher, gaining 0.97% and settling at ₹877.15. The equity saw notable activity throughout the session, trading on a total volume of 557,438 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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