Gallantt Ispat Ltd recommends final divdiend of Rs. 1

The Board of Directors of Gallantt Ispat Ltd at its Board Meeting has recommended a final dividend of 10% for the financial year ended 31st March, 2024 i.e. Re. 1.00 per equity share of face value of Rs. 10/- each on the paid-up share capital, subject to approval of shareholders at the ensuing Annual General Meeting (AGM) of the Company. The final dividend would be paid within 30 days from the date of declaration at the AGM.

With a view to retain some funds and utilize them for ongoing expansion, Promoter and Promoter Group shareholders except a few Promoter Group Shareholders had come forward and voluntarily waived off their right to receive dividend. Out of 68.93% of total Promoter and Promoters Group shareholding, 68.82% of Promoter and Promoter Group Shareholders have voluntarily waived off / forgone their right to receive Dividend and only 0.11% of Promoter and Promoter Group Shareholders shall exercise their right to receive Dividend. The Board has confirmed the voluntary waiver off of the Final Dividend for the year 2023-24.

The record date for payment of final dividend would be fixed and announced in due course.

Source : Equity Bulls

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GallanttIspat FinalDividend