Gallantt Ispat Limited has announced a final dividend of 20% for the financial year ended March 31, 2026. Shareholders will receive Rs. 2.00 per equity share of Rs. 10/- face value, pending approval at the company’s upcoming Annual General Meeting. Additionally, the company noted that most Promoter and Promoter Group shareholders have voluntarily waived their right to this dividend to support ongoing expansion initiatives.
Dividend Recommendation
Following its meeting held on May 5, 2026, the Board of Directors of Gallantt Ispat Limited has recommended a final dividend payout of Rs. 2.00 per equity share. This payout represents a 20% return on the face value of Rs. 10/- per share for the fiscal year that concluded on March 31, 2026. The final distribution remains subject to the formal approval of shareholders during the next Annual General Meeting.
Strategic Capital Retention
In a move to strengthen its balance sheet and fund future growth, Gallantt Ispat Limited reported that the majority of its Promoter and Promoter Group shareholders have voluntarily waived their entitlement to the final dividend. This decision is aimed at retaining cash reserves to facilitate the company’s ongoing expansion projects, ensuring that capital is directed toward development activities rather than immediate distribution.
Payment Timeline and Next Steps
The dividend payment will be executed within 30 days of the date of declaration at the Annual General Meeting. Shareholders are advised that the company will announce the official record date for determining eligibility for the dividend in the near future. The company board meeting successfully concluded at 11:05 P.M. on the day of the announcement.
Source: BSE
