Gallantt Ispat Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 27, 2025
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Gallantt Ispat Limited held its 21st AGM on September 27, 2025 via video conferencing, chaired by Mr. Chandra Prakash Agrawal (Chairman and Managing Director). Shareholders approved the audited standalone and consolidated financial statements for FY 2024-25, and the statutory and secretarial auditors' reports contained no qualifications or adverse observations. A final dividend of 12.5% (Rs. 1.25 per equity share on face value of Rs. 10) was declared for FY ended March 31, 2025. Members also approved the re-appointment of Mr. Chandra Prakash Agrawal as Chairman & MD and Mr. Dinesh R. Agarwal as Whole-time Director, both for 5-year terms, along with the second term of Mrs. Nishi Agrawal as Independent Director. The appointment of Secretarial Auditors for 5 years and remuneration of Cost Auditors for FY26 were also approved. Voting results are to be announced by September 28, 2025.
The Rs. 1.25 per share final dividend rewards shareholders, and clean audit reports signal stable financial health. Re-appointments of key directors provide leadership continuity, which is generally positive for governance and stock stability.