Gallantt Ispat 22nd AGM: ₹2 Dividend, Auditor Change

Dividend: Recommended final dividend of ₹2 per equity share (20% on face value of ₹10) for financial year ended March 31, 2026
Auditor Remuneration: M/s. Singhi & Co. proposed at ₹60 lakhs (₹40 lakhs statutory audit, ₹15 lakhs limited reviews, ₹5 lakhs tax audit)
Cost Auditor Remuneration: M/s. U. Tiwari & Associates appointed at ₹1,00,000 plus service tax for FY2026-27
Related Party Transactions:
Gallantt Industry Private Limited: Aggregate value up to ₹900 crore
Gallantt Lifespace Private Limited: Aggregate value up to ₹900 crore

AGM Date: Wednesday, September 30, 2026 at 12:30 PM
Book Closure: Thursday, September 24, 2026 to Wednesday, September 30, 2026 (both days inclusive)
Record Date for Dividend: Wednesday, September 23, 2026
Remote E-voting Period: Sunday, September 27, 2026 (9:00 AM) to Tuesday, September 29, 2026 (5:00 PM)
Cut-off Date for Voting: Wednesday, September 23, 2026

Auditors:
Resigning: M/s. Maroti & Associates (Firm Registration No. 322770E) - resigned effective July 27, 2026
Proposed: M/s. Singhi & Co. (Firm Registration No. 302049E)
Cost Auditors: M/s. U. Tiwari & Associates
Related Parties:
Gallantt Industry Private Limited (Cement business)
Gallantt Lifespace Private Limited (Construction and Real Estate business)
E-voting Service Provider: National Securities Depository Limited (NSDL)
Scrutinizer: Mr. Anurag Fatehpuria (Practicing Company Secretary)
RTA: Niche Technologies Private Limited

1. Adoption of Audited Standalone and Consolidated Financial Statements for FY2025-26

2. Re-appointment of Mr. Prem Prakash Agrawal (DIN: 01397585) as Director retiring by rotation

3. Declaration of final dividend of ₹2 per equity share

4. Appointment of M/s. Singhi & Co. as Statutory Auditors in casual vacancy (from July 27, 2026 to 22nd AGM)

5. Appointment of M/s. Singhi & Co. as Statutory Auditors for 5 years (from 22nd AGM to 27th AGM in 2031)

6. Ratification of remuneration of Cost Auditors for FY2026-27

7. Approval of material related party transactions with Gallantt Industry Private Limited (aggregate ₹900 crore)

8. Approval of material related party transactions with Gallantt Lifespace Private Limited (aggregate ₹900 crore)

Dividend Payment: Subject to TDS deduction, payable within 30 days from AGM conclusion
Auditor Changes: Financial impact limited to remuneration payments as disclosed
Related Party Transactions: Potential exposure of up to ₹1,800 crore across both related parties
Contingent Liability: Guarantees provided to related parties represent contingent obligations

No direct impact on share capital structure disclosed. Dividend payment represents cash outflow.

Remote e-voting through NSDL platform from September 27-29, 2026
Physical attendance dispensed with due to virtual meeting
Facility for e-voting during AGM available for members who haven't voted remotely
Related parties to abstain from voting on RPT resolutions

Annual Report available on company website (www.gallantt.com) and stock exchange websites
Members must update bank details for electronic dividend payment
Unclaimed dividends for 7 years or more liable for transfer to IEPF
Company registered office: Gorakhpur Industrial Development Authority, Sahjanwa, Gorakhpur - 273209, Uttar Pradesh