LISTING WITH NSE/BSE:

Both the group companies, Gallantt Metal Limited and Gallantt Ispat Limited are listed on NSE and BSE.

The IPO of Gallantt Metal Limtied came out in 2006 of Rs.36.12 and we got an overwhelmed response from the investors where it was oversubscribed three times.

Our another group company, Gallantt Ispat Limited also came out with an IPO of Rs.40.50 crores in September, 2010.

DIVIDEND

Company, at its Seventh Annual General Meeting held on September 28, 2011, has declared a final dividend @ 5% on the Equity Shares for the Financial year 2010-11. Dividend shall be paid on 2,67,66,505 Equity Shares of Rs. 10 /- each, total outgo on account of dividend shall be Rs. 1,33,83,252.50 subject to tax.

Irrespective of under installation condition of the project and non-completion of the total integration of the project during the fiscal 2011, your Company generated and earned a handsome amount of profit after tax. Gallantt Ispat believes that profitability must go hand in hand with a sense of responsibility towards all shareowners and other stakeholders. Hence, as a measure of rewarding shareowners and providing a current return on their investment, Company recommended a dividend @ 5% on Equity Shares.

Dividend so declared is being paid to the shareholders through various banking options and Dividend Distribution Tax has been deposited with the Taxation  Department.

PREFERENTIAL ALLOTMENT OF ZERO COUPON FULLY CONVERTIBLE UNSECURED DEBENTURES:

As a part of meeting funds requirements for working capital for expansion of the operations of the Company and other corporate purposes as may be required from time to time, Gallantt Ispat Limited is coming out with Preferential Allotment of Zero Coupon Fully Convertible Debentures (“FCDs”).

Issue and allotment of the FCDs are being in accordance with the provisions of Section 81(1A) of the Companies Act, 1956 and Chapter VII of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 (hereinafter referred to as the “SEBI Regulations”).

 At their meeting Board of Directors of the Company has approved and sanctioned to issue and allot 25,00,000 FCDs convertible within a period of eighteen months from the date of allotment. In accordance with SEBI Regulations, Board of Directors has determined price of the FCDs at Rs. 160/- (including a premium of Rs. 150/-)

Equity Shares to be allotted consequent to the conversion shall rank pari passu with the existing Equity Shares in the Company.

FCDs are being issued to both Promoter and Non-Promoter. On the request of the Company Gallantt Udyog Limited (forming part of Promoter Group of the Company); Karishma Marketing Private Limited, Padmini vinimay Private Limited, Festino Dealtrade Private Limited, Daisy Commosales Private Limited, Oscar Retailers Private Limited, Windflower Sales Private Limited, Fairy Dealcom Private Limited and Kamrup Tradevin Private Limited (all being Non-Promoter), have agreed to subscribe 25,00,000 (Twenty Five Lacs only) nos. of Zero Coupon Fully Convertible Unsecured Debentures convertible into Equity Shares of Rs. 10/- each fully paid up on preferential basis as detailed in the Resolution.

On completion of the Issue Company will inject Rupees Forty Crores in the Company which will in turn improve the liquid position of the Company.