Dividend After 5-Yrs, Record Date Sept 23: Metal Stock Zooms 108% YTD, Check Eligibility

Small cap company operating in Metals sector, Gallantt Ispat Ltd today fixed September 23, 2024 as the record date for Re 1.00 per share dividend (10%). Current market price of Gallantt Ispat shares on BSE is Rs 372.45 apiece. Gallantt Ispat is offering dividend after a gap of 5 years. This year dividend is also highest dividend offered so far. The last dividend that Gallantt Ispat offered was in 2019 (Re 0.25 per share) and it offered the similar dividend in 2018. Gallantt Ispat shares surged 289% in last 1-year and slipped over 1% in last 1-week. Its market capitalisation stood at Rs 8986.51 crore. More details below:

Gallantt Ispat Sets Record Date For Dividend: As per the regulatory filing of Gallantt Ispat issued as on September 6, 2024, "The dividend on Equity Shares, if approved by the Memberg will be credited/despatched within 30 days from the conclusion of AGM, to those Members whose names shall appear in the Register of Members of the Company as on the close of business hours on Monday, September 23, 2024 (Record Date), and in respect of the shares held in dematerialized form, the dividend will be paid to Members whose names are fumished by NSDL and Central Depository Services (India) Limited as beneficial owners as on the Record Date."

Gallantt Ispat Dividend: the Board of Directors, at their meeting held on May 02, 2024, has, inter alia, recommended a dividend of Re. 1.00 (10%) per Equity share of face value of Rs. 10/- each for the Financial Year ended 31 March, 2024, to the Members of the Company for their approval at the 20th AGM."

Gallantt Ispat Dividend History: Gallantt Ispat announced 2 dividends since September 18, 2018.

Gallantt Ispat Upcoming AGM: Gallantt Ispat will hold its 20th AGM on September 30, 2024.

Gallantt Ispat Shareholding: FII/FPI have increased holdings from 0.02% to 0.16% in June 2024 quarter. Number of FII/FPI investors increased from 6 to 7 in June 2024 quarter. Institutional Investors have increased holdings from 0.02% to 0.16% in June 2024 quarter, according to Trendlyne.

How To Be Eligible For Gallantt Ispat Dividend? Record date holds significance in announcing eligibility of shareholders for dividend and bonus share. Shareholders whose name appear in company's shareholders record as on the record date will become eligible to receive dividend income and bonus share. Record date is the specific day on which a company confirms the list of shareholders eligible for its dividend distribution and bonus shares. Gallantt Ispat fixed September 23, 2024 as the record date for third interim dividend. You must buy Gallantt shares before September 23 in order to become eligible for the company's dividend.

Gallantt Ispat Shares Performance: The 52-week high price of Gallantt Ispat Ltd shares on BSE is Rs 406.00 per share (as on 03/09/2024) and 52-week low price is Rs 79.55 per share (as on 26/10/2023), respectively. Gallantt Ispat shares zoomed 27% in last 1-month, gained 289% in last 1-year, and surged 450% in last 3-years. In last 5-years, Gallantt Ispat shares rallied 1117%.

About: Later Gallantt Metal Limited has changed its name to Gallantt Ispat Limited. Gallantt Ispat Limited (GIL) is a well-established public limited company listed on both the premier stock exchanges of India viz. BSE Limited and National Stock Exchange of India Limited, according to its official website. It is a leading company engaged in the manufacturing of iron and steel. Its products include Sponge, iron billets, TMT Bars, etc.

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