Gallantt Ispat Limited
Incorporated in 2005,Gallantt Ispat Limited is a leading Iron and Steel manufacturing Company located in Eastern Uttar Pradesh. The Co is engaged in the business of Iron & Steel, Agro, Power and Real Estate.
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Gallantt Ispat has proposed a dividend of Rs. 7 per equity share for the financial year, pending shareholder approval at the upcoming annual general meeting. Investors should note the book closure and voting schedules for participation.
Gallantt Ispat's promoter group completed an off-market transfer of 5.42 million shares internally. This transaction does not alter the overall shareholding of the promoter and promoter group.
Gallantt Ispat's 9M PAT grew 27% to ₹361 Cr on ₹3,249 Cr revenue, with expanded margins despite softer realizations. A ₹3,000 Cr capex is underway for backward integration, mines, and steel capacity expansion to 1.23 MTPA, leveraging India's projected 9% steel demand growth.
Gallantt Ispat's Board approved the financial results for the quarter and nine-month period. Quarterly revenue stood at ₹1,073.58 Cr, with a net profit of ₹100.41 Cr. For the nine months, revenue reached ₹3,214.11 Cr, and net profit was ₹361.44 Cr.
Gallantt Ispat sent access links for its Annual Report and 21st General Meeting (September 27) to shareholders without registered emails. This ensures all investors can review documents ahead of the AGM.