Gallantt Ispat Limited has informed the Exchange regarding voting results of Annual General Meeting held on September 27, 2025
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Gallantt Ispat Limited has disclosed the voting results of its 21st AGM held on September 27, 2025 via video conferencing, with 45 members attending (8 promoters, 37 public). All 8 resolutions were passed with overwhelming majority, with votes polled representing about 48.92% of outstanding shares (11.80 crore votes out of 24.13 crore shares). Key resolutions included adoption of audited financial statements for FY25 (99.9997% in favor), declaration of a final dividend of Re. 1.25 per share (12.5% on face value of Rs. 10) for FY25 (99.9984% in favor), and re-appointment of Mr. Chandra Prakash Agrawal as CMD and Mr. Dinesh R Agarwal as Whole-time Director for 5-year terms each (99.9757% in favor). Mrs. Nishi Agrawal was also re-appointed as Independent Director for a second 5-year term, and appointments of Secretarial and Cost Auditors were approved.
All resolutions passed with near-unanimous support signal strong shareholder confidence in management. Confirmed final dividend of Re. 1.25 per share (12.5%) rewards shareholders, while 5-year re-appointments of key directors provide leadership continuity. No negative signals for the stock.