Gallard Steel Ltd

Gallard Steel Ltd has received a Letter of Intent from Madhya Pradesh Industrial Development Corporation (MPIDC) for the allotment of leasehold industrial land measuring 30,700.00 Sq Mt in Pithampur, Madhya Pradesh. This acquisition, costing ₹7.02 Crore, is part of the company's long-term expansion strategy to enhance operational capabilities, support capacity expansion, and diversify its product portfolio. The land is located in Sector-7, Pithampur, within the Indore district. This transaction is not a related party transaction and is outside any scheme of arrangement.

Gallard Steel Limited is acquiring leasehold industrial land in Pithampur, Madhya Pradesh, from MPIDC for approximately ₹7.5 Crore. This acquisition is part of the company's long-term expansion strategy, aimed at strengthening operational capabilities, enabling capacity expansion, diversifying its product portfolio, and supporting future business growth. The transaction is not a related party transaction and is outside any scheme of arrangement.

Gallard Steel Ltd. announced the appointment of M/s Ishan Jain & Co., Company Secretaries, as its Secretarial Auditor for the financial year ended March 31, 2026. The Board of Directors approved this appointment at its meeting on June 17, 2026, following a recommendation from the Audit Committee. M/s Ishan Jain & Co., led by CS Ishan Jain, is a professional firm based in Indore, recognized for its expertise in corporate compliance, advisory, and consulting services, including corporate laws, listing compliances, secretarial management, and corporate governance audits. This disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Gallard Steel Limited confirmed no deviation or variation in the utilization of its Initial Public Offer (IPO) proceeds for the half-year ended March 31, 2026. The company raised ₹37.50 crore through its IPO on November 24, 2025, by issuing 25 lakh shares at ₹150 each. The IPO's objectives included strengthening the capital base, expanding manufacturing facilities, constructing an office building, and repaying certain borrowings. As of March 31, 2026, ₹11.48 crore has been utilized, with ₹26.01 crore remaining unutilized. The unutilized funds are currently held in fixed deposits with Yes Bank Limited.

Gallard Steel Ltd reported a strong FY26 performance with a 50.08% YoY increase in PAT, reaching ₹910.48 Lakhs. Revenue from Operations increased by 27.62% YoY to ₹6,804.49 Lakhs, and EBITDA grew by 22.18% YoY to ₹1,523.77 Lakhs. The company's existing manufacturing facilities are operating at approximately 98% capacity utilisation. Capacity expansion initiatives are underway to support future growth, with the new facility expected to commence operations by June 2026 and achieve 70-80% utilisation by March 2027.

Gallard Steel Ltd's Board of Directors approved the standalone and consolidated audited financial results for the half-year and financial year ended March 31, 2026. The board also took note of the statutory auditor's report with an unmodified opinion on these financial statements. The results are available on the company's website.

Gallard Steel Ltd's Board of Directors approved the standalone and consolidated audited financial results for the half-year and financial year ended March 31, 2026, during its meeting held on May 13, 2026. The board also took note of the statutory auditor's report with an unmodified opinion on these financial statements. The meeting commenced at 4:00 PM (IST) and concluded at 7:00 PM (IST).

Gallard Steel Ltd has scheduled a Board of Directors meeting on May 13, 2026, to consider and approve the standalone and consolidated audited financial results for the half-year/year ended March 31, 2026. The board will also review the audit report from the statutory auditors for the same period and approve the financial statements, including the balance sheet, profit and loss statement, and cash flow statement. The meeting will take place at the company's registered office in Indore.

Gallard Steel Ltd has announced that the trading window for dealing in the company's shares will be closed from 1st April, 2026 till the completion of 48 hours after the declaration of the Audited Financial Results for the half year and financial year ended on 31st March, 2026. This decision is in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015 and BSE circulars. All Promoter and Promoter group, Directors, KMP’s, Designated Persons/Employees, Connected Persons of the Company and their immediate relatives are advised not to deal in the shares of the Company either directly or indirectly during the aforesaid period.