Gallantt Ispat has informed that the board of directors of the company at its meeting held on August 13, 2012, has considered and recommended dividend of 5%, i.e. Rs. 0.5 per equity share of face value of Rs. 10 each for the financial year ended March 31, 2012 subject to the approval of the shareholders of the company at the next annual general meeting.
The above information is a part of company's filings submitted to BSE.