Gallantt Ispat Limited has informed the Exchange regarding Board meeting held on May 21, 2025.
GALLANTT · price
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On the reaction day the stock moved 1.2 pts less than Nifty Smallcap 250 and 1.2 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Gallantt Ispat's board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, along with an unmodified audit opinion from M/s Maroti and Associates. Standalone revenue rose modestly to Rs. 4,304 crore (up ~1.7% from Rs. 4,234 crore), while standalone profit after tax grew about 22% to Rs. 275.7 crore from Rs. 225.3 crore, lifting EPS to Rs. 11.42. The board recommended a final dividend of Re. 1.25 per share (12.5%), but 63% of promoter-group shareholders voluntarily waived their dividend entitlement to retain funds for ongoing expansion. The board also re-appointed Mr. Chandra Prakash Agrawal as Managing Director (5 years), Mr. Dinesh R. Agarwal as Whole-time Director (5 years), and Mrs. Nishi Agrawal as Independent Director (second 5-year term), and appointed a new secretarial auditor for FY 2025-26 to 2029-30. The auditor flagged an Emphasis of Matter regarding an ongoing Income Tax assessment for FY 2023-24 following a 2023 search action, with no adverse findings so far.
Healthy ~22% standalone PAT growth and clean (unmodified) audit opinion are positive signals, but a modest dividend and the income tax search overhang remain watchpoints. The promoter dividend waiver suggests management is prioritising reinvestment over payouts, which may support capacity expansion.