Nature of the Event

This document is a regulatory filing submitted to BSE Limited and the National Stock Exchange of India Limited by Gallantt Ispat Limited (Scrip Code: 532726). It discloses the outcome of the Board of Directors meeting held on October 19, 2026, which commenced at 4:30 PM and concluded at 11:00 PM. The primary purpose is to report the approval of the company's unaudited financial results for the quarter and half year ended September 30, 2026, pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Quantitative Figures - Standalone Financials (Quarter ended September 30, 2026)

  • Revenue from Operations: ₹1,14,589.15 Lakhs (Q2 FY26: ₹1,01,275.02 Lakhs; Q1 FY27: ₹1,14,566.71 Lakhs)
  • Other Income: ₹1,815.24 Lakhs (Q2 FY26: ₹1,321.65 Lakhs; Q1 FY27: ₹1,830.99 Lakhs)
  • Total Income: ₹1,16,404.39 Lakhs (Q2 FY26: ₹1,02,596.67 Lakhs; Q1 FY27: ₹1,16,397.70 Lakhs)
  • Total Expenses: ₹1,08,087.02 Lakhs (Q2 FY26: ₹92,295.92 Lakhs; Q1 FY27: ₹99,916.25 Lakhs)
  • Cost of Raw Materials: ₹79,420.94 Lakhs
  • Purchase of Stock-in-Trade: ₹9,886.58 Lakhs
  • Employee Benefits: ₹4,171.29 Lakhs
  • Finance Costs: ₹916.66 Lakhs
  • Depreciation: ₹3,550.62 Lakhs
  • Profit Before Tax (PBT): ₹8,317.37 Lakhs (Q2 FY26: ₹10,300.75 Lakhs; Q1 FY27: ₹16,481.45 Lakhs)
  • Total Tax Expense: ₹2,266.30 Lakhs
  • Current Tax: ₹1,988.34 Lakhs
  • Deferred Tax: ₹277.96 Lakhs
  • Profit for the Period (Net Profit): ₹6,051.07 Lakhs (Q2 FY26: ₹8,723.25 Lakhs; Q1 FY27: ₹12,366.74 Lakhs)
  • Earnings Per Share (EPS): ₹2.51 (Basic and Diluted, not annualized)
  • Paid-up Equity Share Capital: ₹24,128.09 Lakhs (Face Value ₹10 per share)

Key Quantitative Figures - Standalone Financials (Half Year ended September 30, 2026)

  • Revenue from Operations: ₹2,29,155.86 Lakhs (H1 FY26: ₹2,14,052.86 Lakhs)
  • Other Income: ₹3,646.23 Lakhs (H1 FY26: ₹2,004.11 Lakhs)
  • Total Income: ₹2,32,802.09 Lakhs (H1 FY26: ₹2,16,056.97 Lakhs)
  • Total Expenses: ₹2,08,003.27 Lakhs (H1 FY26: ₹1,84,118.92 Lakhs)
  • Profit Before Tax (PBT): ₹24,798.82 Lakhs (H1 FY26: ₹31,938.04 Lakhs)
  • Total Tax Expense: ₹6,381.03 Lakhs
  • Profit for the Period (Net Profit): ₹18,417.79 Lakhs (H1 FY26: ₹26,102.68 Lakhs)
  • Earnings Per Share (EPS): ₹7.63 (Basic and Diluted, not annualized)

Key Quantitative Figures - Consolidated Financials (Half Year ended September 30, 2026)

The document also includes consolidated results for the Group (Gallantt Ispat Limited and its sole subsidiary, Suryalaxmi Technologies Private Limited).

  • Consolidated Profit for the Period (Net Profit): ₹18,417.78 Lakhs
  • The subsidiary is immaterial to the Group, with total assets of ₹627.35 Lakhs and a net loss of ₹0.01 Lakhs for H1 FY27.

Balance Sheet Highlights (Standalone as at September 30, 2026)

  • Total Assets: ₹4,49,296.27 Lakhs (March 31, 2026: ₹4,26,961.86 Lakhs)
  • Non-Current Assets: ₹2,46,871.39 Lakhs
  • Property, Plant & Equipment: ₹1,72,932.23 Lakhs
  • Capital Work in Progress: ₹59,812.56 Lakhs
  • Current Assets: ₹2,02,424.88 Lakhs
  • Inventories: ₹66,863.55 Lakhs
  • Trade Receivables: ₹18,527.46 Lakhs
  • Cash & Cash Equivalents: ₹108.56 Lakhs
  • Total Equity: ₹3,48,654.63 Lakhs
  • Non-Current Liabilities: ₹26,256.87 Lakhs
  • Current Liabilities: ₹74,384.77 Lakhs

Cash Flow Statement (Standalone, H1 FY27)

  • Net Cash from Operating Activities: ₹9,081.33 Lakhs
  • Net Cash Used in Investing Activities: (₹21,851.48) Lakhs
  • Purchase of Fixed Assets (including CWIP): (₹27,311.52) Lakhs
  • Net Cash from Financing Activities: ₹2,717.34 Lakhs
  • Proceeds from Borrowings: ₹4,428.69 Lakhs
  • Net Decrease in Cash: (₹10,052.81) Lakhs

Dates and Parties Involved

  • Board Meeting Date: October 19, 2026
  • Period End Date: September 30, 2026
  • Statutory Auditor: M/s Singhi & Co., Chartered Accountants, who performed a limited review of the results.
  • Compliance Officer: Nitesh Kumar (CS & Compliance Officer, Membership No. F7496)
  • Designated Director: C.P. Gupta (Chairman & Managing Director, DIN: 01814318), who signed the financial statements.

Regulatory References and Disclosures

  • Prepared pursuant to Regulation 30 & 33 of SEBI (LODR) Regulations, 2015.
  • The extract of results was to be published in Business Standard (English) and a Hindi newspaper per Regulation 47.
  • The financial results are available on the company's website (www.gallantt.com) and the stock exchange websites.
  • The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS).

Other Material Announcements

  • Dividend: The Board had recommended a final dividend of ₹2 per equity share (face value ₹10) for FY26, which was approved by shareholders in the Annual General Meeting held on September 30, 2026.
  • Segment Information: The company is primarily engaged in manufacturing steel and allied products (pellets, sponge iron, ingots, TMT Bars). Other activities like power generation and real estate are immaterial and do not constitute separate reportable segments.