Gallantt Ispat Limited Approves FY26 Results, Reconstitutes Board Committees

Gallantt Ispat Limited Approves FY26 Results, Reconstitutes Board Committees​

Gallantt Ispat Limited, during a Board Meeting held on May 5, 2026, approved the audited financial results for the quarter and the year ended March 31, 2026. The company also announced a final dividend recommendation and key changes in its Board of Directors.

The Board Meeting commenced at 5:00 PM and concluded at 11:05 PM on Tuesday, May 5, 2026.

Financial Results and Audit Opinion​

The Board of Directors approved the Audited Financial Results for the Company for the Quarter and Year ended March 31, 2026. The company also released a Standalone and Consolidated Audit Report from M/s Maroti and Associates, Chartered Accountants, confirming an unmodified opinion on the financial results for the year ended March 31, 2026.

Standalone Financial Results (Rs. in Lakhs)​

The standalone financial results provide a comprehensive view of the company's financial performance:


The company's total comprehensive income for the year ended March 31, 2026, stood at 12,356.52 (Quarterly) and 40,097.30 (Yearly).

Consolidated Financial Results (Rs. in Lakhs)​

The consolidated figures indicate strong revenue generation and profitability:

Balance Sheet Highlights (Rs. in Lakhs)​

The balance sheets show the following totals for the respective years:

Dividend Recommendation and Board Composition​

The Board of Directors recommended a final dividend of 20% for the financial year ended March 31, 2025. This translates to Rs. 2/- (Rupees Two only) per equity share of face value of Rs. 10/- each on the paid-up share capital, subject to shareholder approval at the ensuing Annual General Meeting (AGM).

The Board confirmed the voluntary waiver of the Final Dividend for the year 2025-26 by Promoter and Promoter Group Shareholders, with the intent to retain funds for ongoing expansion.

Director Changes​

The Board took on record the following changes in the Board's independent director capacity:

1. Resignation of Mrs. Smita Modi: Mrs. Smita Modi resigned as an Independent Director, effective May 5, 2026. She cited heavy work pressure, preoccupation, and lack of time as reasons for her departure.
2. Resignation of Mr. Pankaj Khanna: Similarly, Mr. Pankaj Khanna resigned as an Independent Director, effective May 5, 2026, citing work pressure, preoccupation, and lack of time.

The Board also welcomed two new appointments:

• Mr. Sanjay Kumar Jain: Appointed as an Additional Director (Non-Executive Independent Director) with effect from May 5, 2026. He will be appointed as an Independent Director for a term of five years, subject to member approval.
• Mr. Kishore Pariyar: Also appointed as an Additional Director (Non-Executive Independent Director) effective May 5, 2026, for a term of five years, pending shareholder approval.

Committee Reconstitutions​

The Board of Directors also reconstituted several key committees:

Audit Committee​

The Audit Committee was reconstituted with the following members:

Nomination and Remuneration Committee​

The committee was reconstituted as:

Stakeholders Relationship Committee​

The Stakeholders Relationship Committee was reconstituted with:

Corporate Social Responsibility Committee​

The Corporate Social Responsibility Committee was reconstituted with:

GALLANTT Stock Price Movement​

On Tuesday, Gallantt Ispat Limited shares edged higher to close at ₹877.15, having gained 0.97% for the session. The stock finished with a buoyant mood, hitting a daily high of ₹895.55 while recording 557,438 shares traded.