Gallantt Ispat Ltd

Gallantt Ispat Ltd has announced a change in its senior management due to the resignation of Mr. Pradyumna Kumar Satpathy, the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). Mr. Satpathy's resignation is effective from the close of business hours on August 15, 2026, citing pre-occupation and personal reasons. The company has submitted the necessary disclosures as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Gallantt Ispat Ltd has announced the resignation of its Chief Financial Officer (CFO), Mr. Pradyumna Kumar Satpathy. His resignation is effective from the close of business hours on August 15, 2026. Mr. Satpathy cited pre-occupation and other personal obligations as the reasons for his departure. He has confirmed there are no other material reasons for his resignation. He will also cease to be a Key Managerial Personnel (KMP) from the same date. The company has provided details as required by SEBI LODR Regulations.

Atul Kumar Gupta, an Independent Director of Gallantt Ispat Limited, has acquired 1,438 equity shares through a market purchase. This disclosure also covers acquisitions by his immediate relatives: Usha Gupta (Wife), Radhika Krishna (Daughter), Anshuman Krishna (Son), and Nandita Chauhan (Daughter-in-law). The acquisition, reported under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 and SEBI (Prohibition of Insider Trading) Regulations, 2015, represents a minor increase in their collective shareholding. The transaction occurred on June 17, 2026.

Gallantt Ispat Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is effective from July 07, 2026, and will remain in effect until 48 hours after the declaration of the financial results for the quarter ended June 30, 2026. The decision aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. Consequently, all Board Members, Designated Persons, Connected Persons, other insiders, and their immediate relatives are prohibited from trading in the company's shares during this period. The date for the Board Meeting to approve these financial results will be communicated separately.

Gallantt Ispat Ltd held its Extra-Ordinary General Meeting (EOGM) on June 25, 2026, via Video Conferencing. The meeting focused on several key resolutions, including the appointment of Mr. Dindayal Jalan as a Director and Whole-time Director, and the appointment of Mr. Atul Kumar Gupta, Mr. Sanjay Kumar Jain, and Mr. Kishore Pariyar as Non-Executive Independent Directors. Additionally, the EGM approved increases in the remuneration for Mr. Chandra Prakash Agrawal (Chairman & Managing Director), Mr. Prem Prakash Agrawal (Whole-time Director), Mr. Nitin Mahavir Prasad Kandoi (Whole-time Director), and Mr. Mayank Agrawal (CEO). The company utilized NSDL for remote e-voting and e-voting during the meeting, with results to be announced by June 26, 2026.

Gallantt Ispat Ltd announced its Q4 & FY26 financial results, showcasing a resilient performance despite softer steel realisations. For FY26, the company reported a 2.9% YoY increase in revenue to ₹4418.9 Cr and a 20.8% YoY growth in PAT to ₹484.3 Cr, with a PAT margin of 11%. EBITDA stood at ₹776.0 Cr with a margin of 17.6%. The company's ₹3000 Cr capex program is on track, funded through internal cash generation. Q4 FY26 revenue reached ₹1204.8 Cr, up 12.4% YoY, with a PAT of ₹122.8 Cr and a margin of 10.2%.

Gallantt Ispat Ltd announced the resignation of two independent directors, Mrs. Smita Modi (DIN: 01141396) and Mr. Pankaj Khanna (DIN: 10377030), effective from the close of business hours on May 5th, 2026. Both directors cited work pressure, pre-occupation, lack of time, and other engagements as reasons for their resignation. The Board acknowledged their contributions and recorded their resignations.

Gallantt Ispat Ltd has announced that its Board of Directors will convene on May 05, 2026. The primary agenda includes considering and approving the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026, along with the Statutory Auditor's Report. The Board will also review and approve the Audited Annual Accounts for the same period and consider recommending a dividend on equity shares, if any. Additionally, the trading window for dealing in the company's securities will remain closed for Designated Persons and their immediate relatives until May 07, 2026.

Gallantt Ispat Ltd responded to queries from NSE and BSE regarding significant share price movement. The company clarified that it has made all required disclosures under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and has not withheld any material information or event that could impact its share price or volume. It asserted that the observed price and volume fluctuations are purely market-driven, influenced by various market conditions, and are not connected to the company's management. Gallantt Ispat reiterated its commitment to ongoing regulatory compliance.

Gallantt Ispat Ltd has submitted its production and revenue data for Q4 and FY26. The company reported a 14% YoY increase in production for Q4, with a total of 2,23,789 Mega Units, and 854,292 Mega Units for the full year, marking a 6% YoY increase. The company's pellet production saw a significant increase of 37% YoY, with 8,18,865 Mega Units produced in FY26. The operational performance was strong, with a capacity utilization of 91% in Q4 and 86% in FY26. Steel production and sales also increased by 9% YoY in both Q4 and FY26.