Intimation regarding Final Dividend recommended by the Board of Directors for the year ended 31st March, 2026.
GALLANTT · price
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Gallantt Ispat's Board has recommended a final dividend of 20% (Rs. 2.00 per equity share of face value Rs. 10/-) for the financial year ended 31st March 2026. The dividend is subject to shareholder approval at the ensuing Annual General Meeting and will be paid within 30 days of declaration at the AGM. Notably, the Promoter and Promoter Group shareholders (except a few) have voluntarily waived their right to receive the dividend, citing retention of funds for ongoing expansion purposes. The record date for dividend payment is yet to be fixed and will be intimated separately.
The voluntary dividend waiver by promoters signals confidence in the company's growth plans and reduces the cash outflow burden, which could be viewed positively by minority shareholders. However, actual cash outflow on dividends will be limited given the waived portion.