Gallantt Ispat Limited has informed the Exchange that Board of Directors at its meeting held on May 05, 2026, recommended Final Dividend of Rs. 2 per equity share.
GALLANTT · price
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Gallantt Ispat Limited's Board of Directors has recommended a final dividend of Rs. 2 per equity share (20% on face value of Rs. 10) for the financial year ended March 31, 2026. The dividend is subject to approval by shareholders at the upcoming Annual General Meeting. Notably, Promoter and Promoter Group shareholders voluntarily waived their right to receive this dividend to allow the company to retain funds for ongoing expansion activities. The final dividend will be paid within 30 days from the date of declaration at the AGM, with the record date to be announced separately.
The dividend recommendation is positive for retail shareholders as it confirms cash returns. However, the promoters' voluntary waiver of dividend indicates the company is prioritizing capital retention for growth projects over immediate cash distribution to insiders.