NK Securities has offloaded approximately 1.6 million shares of Gallantt Ispat at an average price of around ₹641.8 each, as per recent stock market transactions.

The shares of Gallantt Ispat, CreditAccess Grameen, Shyam Metalics, and GCPL have increased following Q4 updates, with Gallantt seeing a jump of 13%. CreditAccess reports a 28% increase in disbursements, Shyam Metalics' steel sales are up by 59%, while GCPL anticipates a potential margin decline.

Gallantt Ispat shares soared by 14% today, driven by robust Q4FY26 sales figures and increased production of pellets and sponge iron. The company's intraday high was recorded at ₹643.7 on the NSE, resulting in a market capitalization of approximately ₹15,248.96 crore.

Gallantt Ispat's pellet production significantly increased by 59% year-over-year in Q4 of the fiscal year 2026, with steel output also growing by 9%. The company's steel utilization reached a high of 91%, indicating efficient operations. A notable rise in power consumption by 14% was also observed.

Gallantt Ispat Ltd has scheduled meetings with analysts and institutional investors on April 9-10, 2026, in Mumbai. These discussions will be based on publicly available information to avoid disclosing any confidential data.

Gallantt Ispat Limited secured a Rs. 233.55 crore SGST subsidy from the Uttar Pradesh government, valid until June 2025. Additionally, the company has fixed deposits totaling Rs. 300.01 crore with HDFC Bank.

Gallantt Ispat receives a significant ₹2.34 billion subsidy from the Uttar Pradesh government, aimed at boosting their operations in the state. This financial support may positively impact the company's growth and competitiveness.

Gallantt Ispat's Chief Financial Officer, Sandip Kumar Agarwal, is stepping down effective March 31, 2026, due to personal matters. He will no longer be considered key managerial personnel from that date onwards, with no additional reasons disclosed for his departure.

Gallantt Ispat has appointed Pradyumna Satpathy as its new Chief Financial Officer, effective April 1, 2026. With over two decades of experience under his belt from companies like JSW Steel, Neco, and Bhushan Steel, Satpathy is set to bring valuable insights to Gallantt Ispat.