Gallantt Ispat AGM 2026: ₹2 dividend, voting results

AGM held via VC/OAVM on September 30, 2026

Gallantt Ispat Ltd said its 22nd Annual General Meeting (AGM) was held on September 30, 2026 through Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The company submitted the AGM proceedings and also filed the voting results along with the Scrutinizer’s Report. The meeting, as disclosed, was attended by the Chairman, Managing Director, directors, and other officials.

The updates matter for investors because they confirm shareholder approvals on key statutory items, including financial statements, governance decisions, and dividend distribution. They also set the context ahead of the company’s next results cycle, with a board meeting scheduled for October 19, 2026.

Voting results and scrutinizer report: what the company filed

Gallantt Ispat announced the voting results of its 22nd AGM and stated that the meeting was conducted through video conference. The company said two resolutions were passed, including the adoption of audited financial statements and the appointment of a director.

Alongside voting results, the company also submitted the Scrutinizer Report for the AGM. Such filings typically document the number of votes cast and whether resolutions were carried by requisite majorities, and Gallantt Ispat’s disclosure confirms the resolutions were passed.

Proceedings filing: ordinary business approved

In a separate submission, Gallantt Ispat said it filed the proceedings of the AGM held on Wednesday, September 30, 2026 via VC/OAVM. The company stated that shareholders approved the Audited Standalone Financial Statements as well as the reports of the Board of Directors and the Auditors.

It added that the AGM transacted other ordinary business as per the notice. The proceedings submission is relevant because it records what was taken up during the meeting and the approvals obtained.

Final dividend approved: ₹2 per share for FY ended March 31, 2026

Gallantt Ispat stated that at its AGM held on September 30, 2026, shareholders approved a final dividend at 20%, which the company described as INR 2 per equity share of face value Rs 10 each (fully paid-up) for the financial year ended March 31, 2026.

Separately, the company’s dividend information also shows an ex-dividend date of September 23, 2026, and the dividend amount is listed as ₹2.00 per share with the same date referenced for the corporate action.

Auditor appointment: Singhi & Co named statutory auditors

The information provided also notes that the AGM approved an auditor change, with shareholders appointing Singhi & Co as statutory auditors. Auditor appointments are a routine but important governance item since they determine who will audit the company’s financial statements.

The AGM-related filings, taken together, confirm both statutory approvals (accounts and reports) and key administrative decisions (dividend and auditor appointment).

Board meeting on October 19, 2026 for September-quarter results

A board meeting intimation dated October 13, 2026 states that Gallantt Ispat informed BSE the Board of Directors meeting is scheduled on October 19, 2026. The stated purpose is to consider and approve unaudited financial results for the quarter and half-year ended September 30, 2026.

The same date is also shown as the company’s “Next Results Date” and “Upcoming Earnings Date” for Q2 FY26-27 (October 19, 2026). The “Last Earnings Date” mentioned is July 27, 2026 for Q1 FY26-27.

Recent performance snapshot: Q1 FY26-27 numbers cited

For the quarter referenced as Q1 FY26-27, Gallantt Ispat’s revenue is stated as ₹1,145 crore, with a QoQ change of -4.91% and a YoY change of 1.59%. Gross profit is listed as ₹154 crore with a QoQ change of 2.76%. The company’s net profit is cited as ₹123.67 crore for Q1 2026-2027, and another note states the net profit fell -28.84% versus the same period last year.

A separate earnings summary also provides: EPS of ₹5.13 (versus ₹7.20 in 1Q 2026), revenue of ₹1,150 crore (₹11.5b) up 1.6%, net income of ₹124 crore (₹1.24b) down 29%, and profit margin of 11% (down from 15%). The decrease in margin is attributed in the text to higher expenses.

Full-year FY2026 figures referenced in the data

The provided material also includes full-year 2026 earnings data: EPS of ₹20.07 (versus ₹16.61 in FY2025), revenue of ₹4,480 crore (₹44.8b) up 4.3%, and net income of ₹484 crore (₹4.84b) up 21%. These figures offer context on the company’s longer-term earnings and revenue trajectory versus the quarterly updates.

Market and event markers: dividend and AGM dates

The data includes a corporate action table with trading price points around key dates. It lists September 23, 2026 as the record date for the dividend (₹2.00 per share), with LTP of 874.15 on the announcement day and 545.55 on the record day. It also lists September 30, 2026 as the AGM date, with LTP of 573.20 on the announcement day and 538.70 on the record day.

Why these approvals matter for investors

AGM approvals confirm that the company has completed key annual compliance steps, including shareholder approval for audited standalone financial statements and statutory reports. The dividend approval provides clarity on the distribution for the financial year ended March 31, 2026, including the declared ₹2 per share amount.

The board meeting scheduled for October 19, 2026 is also a near-term catalyst because it is linked to approval of the unaudited results for the quarter and half-year ended September 30, 2026. Investors tracking earnings will watch that meeting for updated financial performance figures, especially since the provided Q1 data points to weaker profit versus the year-ago period.

Conclusion

Gallantt Ispat’s disclosures around its September 30, 2026 AGM confirm the passing of resolutions including adoption of audited financial statements, appointment of a director, approval of a ₹2 per share final dividend for FY2026, and the appointment of Singhi & Co as statutory auditors. The next scheduled milestone is the October 19, 2026 board meeting to consider and approve unaudited financial results for the quarter and half-year ended September 30, 2026.