Gallantt Ispat Limited has reported robust financial performance for the quarter and year ended March 31, 2026. The company achieved a standalone net profit of ₹12,283.56 lakhs for the final quarter and ₹48,427.31 lakhs for the full fiscal year. Alongside these financial results, the company’s Board recommended a final dividend of 20% (₹2 per share) and announced key changes to its Board of Directors and committee compositions.
Financial Performance Review
For the financial year ended March 31, 2026, Gallantt Ispat Limited delivered significant growth, with the standalone annual revenue from operations reaching ₹4,41,892.19 lakhs. The company’s net profit for the year stood at ₹48,427.31 lakhs, reflecting a strong operational performance. In the final quarter, the company recorded a net profit of ₹12,283.56 lakhs, demonstrating sustained profitability in its core steel and allied products manufacturing business.
Dividend Recommendation and Shareholder Value
The Board of Directors has recommended a final dividend of 20% for the financial year 2025-26, amounting to ₹2 per equity share with a face value of ₹10 each. Notably, to support ongoing expansion projects, several members of the Promoter and Promoter Group have voluntarily waived their right to receive this final dividend, demonstrating their commitment to retaining funds for the company’s growth initiatives.
Strategic Board Appointments and Reconstitutions
In a series of leadership updates effective May 5, 2026, the company acknowledged the resignations of Independent Directors Mrs. Smita Modi and Mr. Pankaj Khanna, both citing work pressure and other engagements. To fill these vacancies, the Board appointed Mr. Sanjay Kumar Jain and Mr. Kishore Pariyar as Additional Directors (Non-Executive Independent) for a five-year term, subject to member approval at the next general meeting.
Committee Restructuring
Following these board-level changes, the company has reconstituted several key committees to ensure robust governance. The Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Corporate Social Responsibility Committee have all been updated to reflect the new appointments and maintain optimal oversight of company operations and strategic direction.
Source: BSE
