Gallantt Ispat Ltd

Regulation 74(5) Confirmation

• Securities received for dematerialisation during the quarter ended 30 Sep 2026 were confirmed (accepted/rejected) to the depositories.
• Securities dematerialised have been listed on the stock exchanges where earlier securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled after verification; the depository substituted as registered owner.

Clarification on rise in securities volume

• Response to BSE query dated October 13, 2026 regarding significant volume rise.
• Company states all disclosures under SEBI LODR Regulation 30 have been made.
• No material information has been withheld that would impact price or volume.
• Will continue to disclose material information within the stipulated timelines.
• Gallantt Ispat maintains ongoing compliance with SEBI LODR and related provisions.
• Volume rise attributed to market factors, not management actions.

AGM Details

• AGM held on 30 September 2026 at 12:30 PM via VC/OAVM.
• Remote e-voting opened 27 September 2026 at 9:00 AM and closed 29 September 2026 at 5:00 PM.
• Scrutinizer appointed for e-voting: Mr. Anurag Fatehpuria.

Key Resolutions

• Adopt audited standalone and consolidated financial statements and reports.
• Re-appoint director Prem Prakash Agrawal, retiring by rotation.
• Declare final dividend of Rs 2 per equity share.

Voting Results

• Voting results for the resolutions are not disclosed in filing.

Director Changes

• Director to be re-appointed: Prem Prakash Agrawal, retiring by rotation.

Auditors

• No auditor appointments or changes announced.

Material Related Party Transactions

• No material related party transactions disclosed.

Other Material Approvals

• No other material approvals reported.

Gallantt Ispat Ltd - Trading Window Closure

Transaction overview

• Target Company: Gallantt Ispat Limited.
• Disclosing Party: Smriti Agrawal (Promoter Group) with PACs; all promoter group.
• Transaction Type: Acquisition of 23,01,300 equity shares by gift; off-market.
• Pre-Transaction Holding: Before: 2,00,000 voting shares (0.083%); no encumbrances.
• Transaction Details: Acquired 23,01,300 shares (0.954%); off-market gift; date 18.09.2026.
• Post-Transaction Holding: After: 25,01,300 shares (1.037%).
• Date(s) of Transaction: Date of transaction: 18.09.2026.
• Share Capital Context: Equity capital before/after: 24,12,80,945; diluted capital after: 24,12,80,945.

Financial snapshot

• Consolidated revenue from operations: ₹4,418.92 crore.
• Consolidated total income: ₹4,478.51 crore.
• EBITDA: ₹776.04 crore; margin 17.56%.
• PAT: ₹484.27 crore; 20.8% YoY growth.
• EBITDA per tonne: ₹8,785.
• Net debt-free at 31-Mar-2026; borrowings limited to working capital.
• ROCE at 23%; debt-to-equity near 0.1x.

Operations and production

• FY26 production: Sponge Iron 9,14,750 MT; MS Billets 8,83,400 MT.
• MS Round Bar 7,87,593 MT; Iron Ore Pellets 8,18,865 MT.
• Power generation: 854.29 million kWh.
• Q4 YoY: pellet +58.6%, sponge iron +38.1%, billet +9.5%, TMT +8.7%.

Capacity and expansion

• Finished steel capacity at 1.0 MnTPA; expansion to ~1.3 MnTPA in H2 FY27.
• Backbone expansions include ~₹3,000 crore capex across steel, mines and renewables.
• 92 Lakh MTPA pellet plant commissioned at Gorakhpur.
• Ongoing solar program with 78 MW capacity (18 MW Gujarat, 60 MW UP).

Raw materials and energy security

• UP iron ore blocks secured: Bharhari Block B 31.71 MT and Sobna-Chakriya Block C 18.88 MT.
• Combined UP/Rajasthan reserves: 50.59 MT.
• Solar program expected to save ₹30–40 crore annually; Suryalaxmi Technologies for green energy.

Capital expenditure and strategy

• Capex plan: ₹3,000 crore; ~₹1,200 crore for steel capacity expansion; ₹300 crore for solar; ₹1,500 crore for mine development.
• Internal accrual funding of ~₹1,200 crore over five years; debt-to-equity below 0.2x; ROCE 23%.
• Expansion aims to raise revenues to ₹5,300–₹5,400 crore; improved margins via integration.

Dividend and capital allocation

• Final dividend recommended: ₹2 per equity share (20%); promoter group waived rights.
• Total dividend payout ~₹17.32 crore; TDS to be deducted as per Income Tax Act.
• Profit retained in P&L; no transfer to reserves for FY26.

Governance and leadership changes

• Resignations: Prashant Jalan (31-Mar-2026); Udit Agarwal (31-Mar-2026).
• CFO Sandip Kumar Agarwal resigned; CFO appointed: Pradyumna Kumar Satpathy (Apr 1, 2026).
• New Directors: Atul Kumar Gupta, Kishore Pariyar (May 5, 2026); Sanjay Kumar Jain joined Audit Committee.
• Independent directors inducted earlier; multiple reconstitutions of Audit, SRC, CSR, Risk committees.

Audits and governance flags

• Statutory auditors: Maroti & Associates; Cost auditors: U. Tiwari & Associates; Secretarial: Anurag Fatehpuria.
• Independent Auditor's Reports: Unmodified for standalone and consolidated FY26.
• Internal Financial Controls deemed adequate; governance disclosures aligned with SEBI LODR.

ESG, CSR and sustainability

• BRSR for FY26 attached; water recycling 100%, zero untreated water discharge; carbon intensity 2.5 tCO2e/tonne.
• 7+ CSR projects across health, education and nutrition; total FY26 CSR spend ₹1,955.74 lakh.
• Average net profit base for CSR: ₹37,308.14 lakh; CSR obligation ₹746.16 lakh; surplus set-off ₹2,389.79 lakh.

Outlook and risks

• India's steel demand structurally strong; capacity expansion and raw-material security underpin resilience.
• Global steel cycle remains volatile; CBAM, tariffs and energy costs are key watchpoints.
• Company focuses on disciplined capex, integration, and energy transition to sustain margins.

AGM and annual report web-link access

• Non-email shareholders have been sent weblink letters with access to the 2025-26 Annual Report and AGM notice.
• AGM is scheduled for 30 September 2026 at 12:30 IST, via VC/OAVM.
• Web-links to Annual Report and AGM Notice are provided and accessible on Gallantt's website and stock exchanges.
• Regulation 36(1)(b) LODR compliance acknowledged; notices sent to registered-email holders.
• Non-registered email holders urged to update depositories or RTA contact details for future notices.