GALLANTT

- Trading window for Board Members, Designated Persons, Connected Persons, other insiders and their immediate relatives will be closed from July 01, 2026. - The closure is for the declaration of financial results for the quarter ended June 30, 2026. - The window will reopen after 48 hours of the declaration of the financial results.

- The Extra-Ordinary General Meeting (EGM) of Gallantt Ispat Limited was held on June 25, 2026. - All 8 resolutions proposed at the EGM were passed with the requisite majority. - Resolutions included the appointment of directors and the increase in remuneration for the Chairman & MD and two Whole-time Directors.

- Extra-Ordinary General Meeting held on June 25, 2026, to consider various resolutions. - Shareholders approved the appointment of Mr. Dindayal Jalan as Director and Whole-time Director. - Appointment of Mr. Atul Kumar Gupta, Mr. Sanjay Kumar Jain, and Mr. Kishore Pariyar as Non-Executive Independent Directors was approved. - Increase in remuneration for Mr. Chandra Prakash Agrawal (CMD), Mr. Prem Prakash Agrawal (WTD), and Mr. Nitin Mahavir Prasad Kandoi (WTD) was also approved. - All resolutions passed with the requisite majority.

- Proceedings of the EOGM held on June 25, 2026, via VC/OAVM. - Approved appointments of one Director and three Non-Executive Independent Directors. - Increased remuneration for Chairman & Managing Director, two Whole-time Directors, and the Chief Executive Officer.

- Extraordinary General Meeting (EOGM) to be held on Thursday, June 25, 2026, at 12:30 p.m. through Video Conferencing/Other Audio-Visual Means (VC/OAVM). - The EOGM agenda includes the appointment of Mr. Dindayal Jalan as Director and Whole-time Director for 5 years. - It also covers the appointment of Mr. Atul Kumar Gupta, Mr. Sanjay Kumar Jain, and Mr. Kishore Pariyar as Non-Executive Independent Directors for varying terms. - Additionally, members will vote on increasing the remuneration for Mr. Chandra Prakash Agrawal (Chairman & MD), Mr. Prem Prakash Agrawal (Whole-time Director), Mr. Nitin Mahavir Prasad Kandoi (Whole-time Director), and Mr. Mayank Agrawal (CEO), effective from April 1, 2026.

Management outlined a strategic INR 3,000 crore Capex plan: INR 1,200 crore for steel capacity expansion from 1 million to 1.3 million tons, expected to complete by H2 FY27; INR 300 crore for a 78 MW solar plant (18 MW Gujarat, 60 MW Gorakhpur) to be completed by Q1 FY28, projecting INR 30-40 crore annual power cost savings; and INR 1,500 crore for mine development expected by FY28. Post-expansion, revenue is projected to reach INR 5,300-5,400 crore, with EBITDA margins expanding to ~20% (from 15-17%) driven by mining integration and expected cost reduction of ~INR 2,000 per ton. The company plans to fund this capex largely through internal accruals, maintaining its net-debt free status, and is evaluating further medium-to-long term growth opportunities.

For Q4 FY26, Revenue from Operations was ₹1204.8 Cr vs ₹1072.1 Cr (▲12.4% YoY), EBITDA ₹208.9 Cr vs ₹194.7 Cr (▲7.3% YoY), and PAT ₹122.8 Cr vs ₹116.3 Cr (▲5.6% YoY). EBITDA Margin was 17.3% vs 18.2% (▼90bps). Management expects capacity expansion and new iron ore mines to drive volume growth and improve EBITDA margins significantly by FY2027-2028.

Gallantt Ispat Limited announced the availability of the audio recording of its Earnings Conference Call with investors/analysts. The call, held on May 06, 2026, discussed the financial and operational performance for the quarter and year ended March 31, 2026. The recording is accessible on the company's website.

Gallantt Ispat Limited announced the resignation of two Independent Directors, Mrs. Smita Modi (DIN: 01141396) and Mr. Pankaj Khanna (DIN: 10377030), effective from the close of business hours on May 5, 2026. Both cited work pressure, pre-occupation, lack of time, and other engagements as reasons for their resignations, confirming no other material reasons.

Gallantt Ispat Limited announced the resignation of two Independent Directors, Mrs. Smita Modi and Mr. Pankaj Khanna, effective May 5, 2026. Both cited personal reasons such as work pressure, pre-occupation, lack of time, and other engagements for their departure, confirming no other material reasons.

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