Gallard Steel Ltd

Gallard Steel Ltd. announced that its shareholders approved the appointment of Praveen Sinha and Habib Khandwala as Non-Executive Independent Directors for a five-year term, effective September 8, 2026, during the company’s 11th Annual General Meeting. Additionally, shareholders appointed M/s Anil Kamal Garg & Co., Chartered Accountants, as the company’s Statutory Auditors for a term from the conclusion of the current Annual General Meeting until the conclusion of the 16th Annual General Meeting in 2031.

Gallard Steel Ltd. announced that its shareholders approved the appointment of Praveen Sinha and Habib Khandwala as Non-Executive Independent Directors for a five-year term, effective September 8, 2026, during the company’s 11th Annual General Meeting. Additionally, the company appointed M/s Anil Kamal Garg & Co., Chartered Accountants as its Statutory Auditors for a term from the conclusion of the current Annual General Meeting until the conclusion of the 16th Annual General Meeting in 2031.

Gallard Steel Ltd. announced that the trading window for its shares will be closed from October 1, 2026, until 48 hours after the declaration of the company's half-yearly standalone and consolidated unaudited financial results for the period ended September 30, 2026, in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The company will inform the date of the board meeting to approve the financial results in due course, and promoters, directors, key managerial personnel, designated persons, employees, connected persons, and their immediate relatives are prohibited from dealing in the company's shares during the closure period.

Gallard Steel Ltd will hold a meeting of its Board of Directors on September 8, 2026, at its registered office to consider and approve the company’s Board Report for the financial year 2025-26, approve a cut-off date for participation in the remote E-voting and E-voting at the 11th Annual General Meeting, appoint a scrutinizer for the e-voting process, and approve the Notice of the 11th Annual General Meeting for the financial year 2025-26.

Gallard Steel will hold a meeting of the Board of Directors of the Company on 13 May 2026.

The scrip was listed at Rs 223.10, a premium of 48.73% over the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price. The counter hit a high of Rs 234.25 and a low of Rs 223. About 13.23 lakh shares of the company changed hands at the counter. Gallard Steel's IPO was subscribed 349.40 times. The issue opened for bidding 19 November 2025 and it closed on 21 November 2025. The price band of the IPO was fixed between Rs 142 to Rs 150 per share. The IPO comprised fresh issue of 25,00,000 equity shares. The company intends to utilize the net proceeds for funding of capital expenditure towards expansion of the existing manufacturing facility and construction of office building, repayment of a portion of certain borrowings availed by the company and general corporate purpose. Ahead of the IPO, Gallard Steel on 18 November 2025, raised Rs 10.63 crore from anchor investors. The board allotted 7.09 lakh shares at Rs 150 each to 4 anchor investors. Gallard Steel manufactures ready-to-use components, assemblies and sub-assemblies for Indian Railways, defence, power generation and allied heavy-engineering industries. Its portfolio spans traction motor parts and bogie components for the railways, sub-assemblies for thermal and hydro turbines, and specialised parts for industrial machinery and defence applications. The company produces these components using unmachined and machined castings made from carbon steel, ductile iron, grey cast iron and medium- to low-alloy steels, serving a clientele dominated by large engineering, railway and defence enterprises. As of 28 September 2025, the company had 64 employees on its payroll and additional 53 employees on contract work. The company recorded revenue from operations of Rs 31.56 crore and net profit of Rs 4.29 crore for the period ended 30 September 2025. Powered by Capital Market - Live

The equity shares of Gallard Steel (Scrip Code: 544616) are listed effective 26 November 2025 and admitted to dealings on the Exchange in the list of ''MT'' Group Securities. At 09:24 IST, the pre-open indicative price of the stock was at a premium of 46.73% to the offer price of Rs 150. Powered by Capital Market - Live