Gallantt Ispat FY26: ₹2 Dividend, Q4, Board Exits Update

Key developments at Gallantt Ispat

Gallantt Ispat Ltd has announced a set of corporate updates around its FY26 results cycle, covering board-level changes, dividend recommendation, audited financials, and its investor communication schedule. The company said two independent directors resigned with effect from May 5, 2026. It also indicated that two independent directors were appointed as part of the board refresh, as per the headline update shared in the announcement feed. On the shareholder payout front, the board recommended a final dividend of 20 percent, translating to ₹2.00 per equity share of face value ₹10, for the year ended March 31, 2026. Separately, the company scheduled its Q4 FY26 earnings conference call for May 6, 2026, later revising the timing to 6:00 PM IST.

Two independent directors resign effective May 5, 2026

In its board update, Gallantt Ispat disclosed the resignation of two independent directors effective May 5, 2026. Mrs. Smita Modi resigned citing personal reasons and pre-occupation, as stated in the note. Mr. Pankaj Khanna also resigned effective the same date, citing personal reasons in the brief disclosure. The update is relevant for investors tracking board composition and governance continuity, especially around results and dividend announcements. The information provided in the feed does not include additional details on committee reconstitution or tenure.

Board refresh includes two appointments

Alongside the resignations, the company’s update indicated that two independent directors were appointed. The provided text does not specify the names or effective dates of the new appointees, but the summary clearly flags the board refresh as “two resign, two appointed.” Investors typically watch such changes for potential impacts on audit oversight, stakeholder engagement, and regulatory compliance processes. Any further details would normally be expected through formal exchange filings under applicable disclosure requirements.

Final dividend proposed: ₹2 per share for FY26

Gallantt Ispat said its board has recommended a final dividend of ₹2.00 per equity share for the financial year ended March 31, 2026. This corresponds to a 20 percent dividend on the face value of ₹10 per share. The company clarified that the dividend is subject to shareholder approval at the upcoming annual general meeting (AGM). If shareholders approve, the company said the payment would be made within 30 days of the dividend declaration.

Q4 FY26 and FY26 numbers disclosed

The update also carried headline financial metrics for Q4 FY26 and the full year FY26. For Q4 FY26, revenue was reported at ₹1,20,481.31 lakhs, with net profit of ₹12,283.56 lakhs and EPS of ₹5.09. Converting the revenue and profit into ₹ crore for a consistent base unit, Q4 FY26 revenue stands at ₹1,204.81 crore and net profit at ₹122.84 crore. For FY26, revenue reached ₹4,41,892.19 lakhs and net profit was ₹48,427.31 lakhs, with EPS of ₹20.07. On the same ₹ crore basis, FY26 revenue stands at ₹4,418.92 crore and FY26 net profit at ₹484.27 crore.

Earnings call rescheduled to May 6, 6:00 PM IST

Gallantt Ispat also issued a revised intimation under SEBI Regulation 30 for its Q4 FY26 earnings conference call. The company said the call is scheduled for Wednesday, May 6, 2026 at 6:00 PM IST, and noted that it is hosted by Ashika Institutional Equities. The communication listed key management participants as CEO Mr. Mayank Agrawal, Vice Chairman Mr. Dindayal Jalan, and CFO Mr. Pradyumna Satpathy. The disclosure included universal access numbers for India: +91 22 6280 1524 and +91 22 7115 8820. The feed also showed an earlier timing reference of 2:00 PM IST, which was later revised to 6:00 PM IST.

Board meeting on May 5 to approve audited results

Ahead of the earnings call, the company had scheduled a board meeting on May 5, 2026. The stated agenda included approval of audited financial results for Q4 and the full year ended March 31, 2026. It also included review and approval of audited annual accounts and notes for FY ended March 31, 2026. The board was also set to consider a dividend recommendation, consistent with the final dividend proposal reported in the update.

Trading window closure until May 7, 2026

The disclosure stream referenced trading window restrictions around the results event. It stated that the insider trading window would remain closed until May 7, 2026. Such restrictions typically align with the company’s code of conduct under insider trading regulations, covering periods when unpublished price sensitive information is expected to be discussed or released.

Snapshot table: dividend, board, and investor schedule

Financial summary in ₹ crore (normalized)

What investors may track next

The near-term focus remains on the audited results and any additional disclosures that may accompany the financial statements and AGM notice. The earnings call, now scheduled for May 6 at 6:00 PM IST, is the key forum where management typically addresses the quarter’s drivers and outlook, within the limits of disclosed information. The proposed final dividend will depend on shareholder approval at the AGM, with the company indicating a 30-day payment window after declaration. Meanwhile, the board changes effective May 5, 2026 will likely be reflected in the company’s governance disclosures and committee composition updates, if and when filed.

Conclusion

Gallantt Ispat’s FY26 update combines governance changes, a ₹2 per share final dividend proposal, and the release cycle for audited results. The next confirmed milestones are the May 5, 2026 board meeting for audited accounts and the May 6, 2026 earnings call at 6:00 PM IST, followed by shareholder voting on the dividend at the AGM.